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 […]
As the value of the Aussie dollar tumbles and international travel becomes more expensive, new research from Compare the Market has revealed that a third of Aussies have no plans to change their upcoming overseas holidays.* However, many will switch to domestic trips, impose spending budgets or take shorter breaks to recoup costs. New research […]
A new study by Compare the Market Australia has revealed that Australians pay some of the world’s most competitive rates for common surgeries. The study, which looked at the average cost of common surgeries across six countries, showed that major surgeries within Australia typically saw among the lowest costs compared to other countries, with colonoscopies […]
So, you’ve just got a pay rise – what’s not to celebrate? Well, if you’ve been bumped over $97,000, it turns out you may need to pay an extra charge at tax time. It’s like that metaphorical black fly in the chardonnay Alanis Morissette was singing about. The Medicare Levy Surcharge – aka the MLS […]
The ongoing cost-of-living crisis is causing more Aussies to sniff out bargains at the supermarket, with new research from Compare the Market revealing that half of shoppers have switched to generic brands in the last 12 months. And the savings could be significant, with analysis showing shoppers could save an average of 41% when switching […]
For media enquiries and interviews please contact one of the team on the below details.
