While soaring energy prices have been a major burden to the household budget over the last couple of years, new research from Compare the Market reveals that 4 in 5 Aussie households could be missing out on savings by sticking with the same gas or electricity retailer.* In fact, 79.45% of Australians surveyed said they […]
They’re designed to keep our roads safe, but alarming new research from Compare the Market has found that as many as two in five drivers say mobile and seatbelt detection cameras have not deterred them from risky driving behaviour. With children returning to school and our roads busier than ever, Compare the Market is urging […]
The tide is turning on fixed rates with a growing number of lenders announcing reduced rates for fixed term loans. But Compare the Market Economic Director David Koch has warned borrowers who lock in a rate now could find themselves worse off if the RBA decides to reduce the cash rate later in the year. […]
Aspiring first home buyers could improve their borrowing power by $71,000 by getting rid of their credit card. Compare the Market Economic Director David Koch said many house hunter hopefuls are unaware of the how detrimental having credit cards can be to their borrowing power. “There’s a misconception that the bank will just simply subtract […]
Owning and maintaining a car can be one of the biggest contributors to the household bill, but according to new research from Compare the Market, 17.4% of drivers surveyed have ditched comprehensive car insurance in the last 12 months.* According to the research, Aussie drivers aren’t protecting their cars with comprehensive policies due to higher […]
Australian motorists may have something extra to celebrate this Easter, with most of the country set to dodge the usual long weekend petrol price hike at the bowser. However, Compare the Market warns that there are still dramatic price differences across our major cities, noting that there’s real value in doing your research if you’re […]
With just days to go until millions of Australians with private health insurance are hit with a premium increase, alarming new research from Compare the Market reveals that more than half of those with private health don’t know if their premiums could increase on 1 April. The new findings from Compare the Market revealed that […]
Inflation numbers are slowing, but many households are still in the financial pressure cooker. The latest Compare the Market research has found that the average household is spending $193.00 on their weekly grocery shop.* This number is sitting relative to numbers from 2023, where Compare the Market found that people were spending $194.87 on their […]
The Reserve Bank’s decision to keep the cash rate on hold today won’t save the 1.6 million households at risk of mortgage stress. But Compare the Market Economic Director David Koch is telling borrowers to hold on as a new escape route from ‘mortgage prison’ could soon be unlocked. This comes as a growing number […]
The peak of high electricity bills could be near, with the Australian Energy Regulator (AER) proposing that the electricity market benchmark could decrease in many parts of Australia from 1 July. However, it’s not all good news, with some areas tipped to see their prices increase from 1 July. According to the AER, the majority […]
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