Parents who once promised $10 for household chores and a gold coin for every lost tooth are now spending thousands to help their adult children break into the property market and taking on major financial risks. A new survey of first homebuyers by Compare the Market found 66% had been talking to the ‘Bank of […]
Australians are much more satisfied with their healthcare system overall compared to Americans, new data shows. Research by Compare the Market in Australia and the United States of America found the Land Down Under was much more likely to have a favourable view of their country’s healthcare, with affordability the biggest factor in determining favourability. […]
On 3 May 2022, The Reserve Bank of Australia (RBA) announced it was raising the official cash rate by 25 basis points. This is the first time the central bank has raised the cash rate since 2010 and takes it up from the record low 0.10% it had been for nearly two years. When the […]
21% of Australians stress about money every day, 24% feel pressure at least once a week 92% have noticed cost of living rise while 78% have experienced bill shock paying for everyday expenses There’s been an 8% lift in people cutting back on discretionary spending since September More than three quarters of Australians have been […]
Motorists spending a small fortune on petrol could save over a thousand dollars a year by switching to an eScooter, according to new research by Compare the Market. The comparison website crunched the numbers and found commuters could recoup the cost of an eScooter or eBike in less than a year while saving over one […]
Hundreds of thousands of families and businesses across Victoria could soon be paying more for electricity, with a new proposal suggesting the market benchmark will increase across the state on 1 July. It will be the second time the Victorian Default Offer (VDO) changes in 2022, after prices were adjusted on 1 January.* The Essential […]
If you’re lucky, you won’t need to use your health insurance this year – or next. That’s what makes it the kind of bill we pay and forget. A new survey by Compare the Market has found that while 91% of private health members expected their premium to increase, only 34% knew how much that […]
Thousands of flood-affected residents are looking to make insurance claims to recoup for lost and damaged property. Based on past flood events, the recovery bill could be in the hundreds of millions. We’ve pulled together a guide to help people understand what to expect during the process. I need to claim. What do I need […]
Buying your first car is a coming-of-age milestone. Pinning up the p-plates, filling the glove box with CDs and cassettes and rolling down windows to belt out your favourite song. Classics like the Corolla, the Commodore and Lancer may spring to mind as quintessential entry-level cars. But which one holds the keys to our young […]
Nearly half of Australians experience buyer’s remorse after purchasing a property, with lifestyle compromises hurting the most, according to new research from Compare the Market. A survey of more than 500 people who bought property between 2017-2021 revealed 45% regretted something about their purchase, with about a fifth (21%) lamenting lifestyle changes or having to […]
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