Second-hand cars are often more affordable than brand new ones due to age and previous use, but some cities have better average prices than others for the same make and model. Compare the Market has crunched the data, finding that Hobart has some of the cheapest average prices for popular used car models. Hobart had […]
Australians insuring electric vehicles continue to be slugged with higher premiums according to new research by Compare the Market showing premiums for some popular models can be north of $3,000. The car insurance comparison experts quoted comprehensive car insurance policies for 20 popular and notable hybrid and electric vehicles across 11 well-known insurance brands and […]
The Australian public has voted – living space is more desirable than city living. That’s according to a new study by Compare the Market Australia, in which more than 1,000 Aussies were surveyed. The study found that 41.9% of Australians would not downsize their current home in order to live closer to the city, with […]
Compare the Market is encouraging Australians to compare their electricity plans and move to cheaper offers if they can, after the Australian Energy Regulator (AER) and Victorian Essential Services Commission (ESC) today confirmed that electricity pricing changes for the Default Market Offer and Victorian Default Offer will be implemented from 1 July. The AER’s final […]
Today’s rate cut decision will deliver a “well-deserved boost” to Aussie homeowners who have carried the country over the inflation busting threshold according to Compare the Market’s Economic Director David Koch. The 0.25% reduction will translate to $106 in monthly repayment savings – more than $1200 a year – for borrowers with an average loan […]
The Reserve Bank of Australia has confirmed that it will drop the cash rate by 25 basis points at May’s board meeting. While most banks are expected to pass on the rate cut in full, Compare the Market’s Economic Director David Koch warned that homeowners shouldn’t misplace their confidence in lenders. “Rates may be starting […]
Houses don’t come cheap, but new analysis from Compare the Market finds that Australian cities are seeing higher percentage jumps in prices than anywhere else in the world. The data found that the top four biggest Tender Price Index rises were in Australian cities, with the top three all coming from the same state: Queensland. […]
Compare the Market’s Economic Director David Koch is confident that the Reserve Bank of Australia will slash interest rates again next week, in a move that could leave thousands of dollars more in the hands of some mortgage holders each year. A 0.25% rate cut would significantly impact the household budget. Someone with a $666,000 […]
Aussie homeowners are set to “stash” rather than “splash” savings from a widely expected RBA rate cut next week, with new Compare the Market research showing most will boost savings or offset accounts—or keep repayments unchanged. A borrower with a loan of $666,000 would pocket around $100 a month or more than $1,200 a year […]
Compare the Market is encouraging anyone travelling overseas to lock in travel insurance as soon as possible before their trip amid a growing measles outbreak in the United States of America. The calls come after the government’s Smartraveller website advised that increased cases of the highly contagious disease are also being reported across some of […]
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