Aspiring homeowners could face another setback if a forecast 0.25% rate rise is passed on, with borrowing power estimated to shrink by up to $25,000 for couples on average salaries. Compare the Market analysis shows that for a Western Australia couple, both on the average annual income of $109,600, a 0.25% rate rise could reduce their borrowing capacity from $1,164,000 to […]
One in five Aussies will use any tax return refund to pay off debt this year, with new research from Compare the Market showing the decision could end up saving them thousands more in extra interest repayments. A recent Compare the Market survey found 23% of Australians planned to use their tax refund to pay off debt, up from […]
A shocking number of Aussies have lost sleep, battled anxiety, or experienced depression due to rising living costs according to new research from Compare the Market that shows young people are among the most vulnerable. In a survey of 1,000 Australians, 46% said that the cost of living had impacted their mental health while 75% had lost sleep over money stress. Many Australians’ anxiety, depression and eating […]
Home buyers are being kept in the dark about property prices, with new research showing less than a third of property listings in Brisbane and Sydney give an indication of seller expectations. Compare the Market has today unveiled its research, aimed at launching its “Great Australian Scam” campaign to promote property price transparency, protect vulnerable […]
Australian motorists could save thousands of dollars on running costs and loan repayments by making their next car purchase electric, according to new research from Compare the Market. The insurance comparison site crunched the numbers and found that EV owners in Sydney and Brisbane spent between $897 – $1,536 less a year on car running […]
With insurance costs increasing as the cost of living continues to rise, Compare the Market is urging homeowners to consider increasing their home insurance excess to decrease their annual premiums. The home and contents insurance comparison website crunched some numbers and found that, in one scenario, upping the excess on home insurance from $750 to […]
Most people like a good lie in bed, but according to recent Compare the Market research, so do our pets. The pet insurance comparison site found that close to one in two pet owners (48.7%) let their pets sleep with them, which will undoubtedly cause arguments for couples nationwide.* To add to the pile (in […]
Fear of missing out on holidays during the cost of living crisis could be leaving Aussie travellers with ‘debt lag’, with new research from Compare the Market revealing that as many as one in five people don’t pay for their vacation upfront. Recent research from the travel insurance comparison site has found 19.1% of Aussies […]
Compare the Market is warning Australians without private health insurance that thresholds for the Medicare Levy Surcharge are changing on 1 July, but it doesn’t mean you won’t get hit this tax time. In a nutshell, the Medicare Levy Surcharge is an additional tax for high-income earners who don’t hold an appropriate level of hospital […]
Aspiring home buyer’s borrowing capacity could increase by up to $47,000, thanks to the incoming stage-three tax cuts, according to new analysis by Compare the Market While this is great news for househunter hopefuls, Compare the Market Economic Director David Koch said there may be some unintended consequences, including higher property prices. “These tax cuts have the potential to […]
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