The Reserve Bank of Australia (RBA) has raised the cash rate by 25 basis points, continuing its record run of rate rises. The latest rate hike brings the official cash rate to 3.85% − the highest in about 11 years. RBA governor Philip Lowe announced the increase at the May Board meeting and cited high […]
It was another bad dose of borrower blues, after the Reserve Bank of Australia (RBA) confirmed its record run of rate rises would continue once again. At today’s May Board meeting, RBA governor Phillip Lowe confirmed the 25 basis point hike. The mortgage mayhem all comes exactly 364 days since the first-rate hike of this […]
Borrowing power has plunged more than $200,000 for some Australians but we are being warned it could plummet even further in the coming months. According to Compare the Market research, a family in Sydney with two children that has a household income of $150,000 has seen their borrowing power shrink by 21% since April last […]
Australia’s dangerous driving habits have been revealed and it now comes as no surprise why the land down under has recorded an 10.8% increase in road fatalities this January compared to January 2022. Although not all of these driving habits are explicitly illegal, they could still land you a hefty fine for ‘driving without due […]
If you’ve flipped a P-plater the bird while driving, it’s probably because they’re a bad driver – or at least that’s what the majority of Australians must think, with 51% declaring Generation Z as the most dangerous on the roads. This comes as new Compare the Market research reveals that 39% of Zoomers have used […]
More than 22 million adult Australians (86%) have been shocked by skyrocketing costs. That’s according to the latest Compare the Market research, which also revealed the age group that was the most stunned by their blown-out bills were Millennials and Generation Z. The cost that rocked Gen Z the most was fuel, followed by electricity […]
Record wait times and a buckling public health care system has driven more than 14 million Australians to join private health – but avoiding lengthy wait times isn’t the only allure. It turns out, a person with an extras-only health insurance policy who has served their waits could save more than $1000 in a year […]
While temperatures continue to dip around Australia, alarming new research from Compare the Market reveals that more than half of households will use their heating less to beat soaring electricity prices this winter. New research from the comparison service found that more than 50% of Australians will use their heating or cooling less to try […]
Many Australians haven’t appropriately planned for their death, recent research by Compare the Market has revealed. The research of 1,009 Australian adults shows just one-in-three Australians have prepared a will, while only 21% have taken out a standalone life insurance policy or life insurance through their superannuation.* Meanwhile, 52% of Australians haven’t planned for their […]
While the nation continues to battle the cost-of-living crisis, new research from Compare the Market reveals the things Aussies aren’t prepared to give up to tackle higher prices. A new study from the comparison website found that alcohol, takeaway meals, coffee and health and beauty appointments are among the top things Australians aren’t prepared to […]
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