A new survey by Compare the Market has found that many Australians have changed the way they use energy at home due to the rising cost of living. The report revealed that almost a third (30%) had made significant changes to their energy habits, while 46% had been affected by rising costs, and 17% said […]
More than half of Australians (56%) plan to splash cash in End of Financial Year (EOFY) sales, with consumers set to fork out $593 on average according to Compare the Market data. Topping the shopping list was fashionwear (34%), followed by a new smartphone (21%), and kitchenware (19%). More than one-in-five Australians (23%) said they […]
An end to the long and winding road to cheaper fuel could finally be in sight, with a likely peace deal in the Middle East helping to stabilise oil prices. But just as relief feels near, the government is set to put the brakes on its temporary fuel excise relief on 1 July – which […]
Australians with a mortgage can breathe a little easier, with the Reserve Bank today sparing them a fourth consecutive rate hike that would have taken the cash rate to its highest level since 2011. The previous three 0.25% increases have already added around $342 to monthly repayments on the average loan of around $736,000, adding up to an […]
Compare the Market is urging Australians to review their unused subscriptions this mid-year, with data revealing consumers could be wasting more than $1,600 annually on streaming services and the gym. The nationally representative survey found, of the 50% of Australians who were unnecessarily paying for subscriptions, almost six-in-10 pointed their Netflix video streaming subscription. This […]
Electricity price safety nets are set to fall for the first time in six years in many regions from 1 July, with some households projected to save up to $229 on their annual bills. Compare the Market’s Economic Director, David Koch, said the reductions remained a “big win” for consumers already experiencing financial pressure from increased fuel […]
Boomerang adult children could save upwards of $27,000 a year by returning to the coop after moving out of home, with new Compare the Market research finding that older Australians and multi-generational living arrangements continue to be a major defense against rising costs. Rental prices have accelerated at three times the rate of wages in […]
After years of power bill pain, relief could finally be on the way with Australia’s safety net, DMO and VDO electricity prices forecast to fall in some jurisdictions for the first time in six years. New analysis from Compare the Market shows those benchmarks generally trended down into 2021-22, before surging as the war in Ukraine sent global energy markets into turmoil. In most states, the benchmark has climbed sharply […]
Energy regulators are set to reveal whether they will reduce default offers for 2026-27 by the end of the month, but new research from Compare the Market found more than half of Aussies with the power to switch to a cheaper plan won’t budge even if prices fall. Compare the Market’s latest research found that […]
Motorists could save around $620 a year by switching to a cheaper fuel type, according to new research from Compare the Market showing the average difference between premium unleaded and E10 can be 24 cents per litre on average. About 73% of Australians reported feeling financially stressed due to high fuel costs, yet 46% said […]
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