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Australians aren’t waiting for credit card interest rates to go down to start paying off their debts, new data shows. Compare the Market’s analysis of the latest Reserve Bank credit card statistics for December 2021 shows another marked decline in balances accruing interest (aka debt) on credit cards, continuing the trend that’s been accelerating since […]
Families are feeling the burn of heated energy bills this summer, but reprieve may finally be on the way with prices expected to drop later this year. Compare the Market’s latest Bill Shock Tracker survey of 1000 Australians found 45% had received a shock bill that was higher than expected over the past three months with 71% of those people pointing to electricity or gas bills as the culprit. Families may be feeling […]
Pockets full of cash – not roses – may be the best way to woo your sweetheart this year. Financial stress is rising in a growing number of households, with a third of Australians now bickering about money according to Compare the Market’s Bill Shock Tracker Report. The quarterly survey carried out in December revealed […]
The Reserve Bank will hold its first meeting for 2022 on 1 February. There’s growing speculation that the board will opt to increase the cash rate at some point this year. Speaking ahead of the announcement, Compare the Market spokesperson William Jolly urged homeowners to prepare now to avoid a shock in the months ahead. […]
Google Trends data analysed by Compare the Market have revealed that Toyota is the world’s most searched car brand for the second consecutive year The Japanese car manufacturer was the top search term in 47 out of 154 countries for 2021 Toyota has held the title for 3 out of 4 years that Compare the […]
This week Australia received its first tsunami warning in 11 years.1 For many coastal homeowners, it’s the first time they’ve had to think about whether their home is adequately insured for such an inundation. According to the Bureau of Meteorology (BOM), there have been over 50 recorded incidents of tsunamis affecting the Australian coastline since […]
More than a third of Aussies are planning a great Australian road trip this year with the majority planning to spend a week or more travelling the country, according to new research by Compare the Market which has revealed some of the country’s top destinations. In a survey of 1,000 people, 39% said they would […]
Queensland is the top domestic travel destination for Australians in 2022, according to a new survey by Compare the Market, revealing a pent-up desire to cross borders following another difficult year of lockdowns. The survey of 1,000 Australians revealed the vast majority intend to travel interstate this year with 40% planning their first holiday at […]
Australian health insurance premiums will increase by an average of 2.7% in 2022. It’s the lowest annual increase since 2001. Speaking on the announcement, Compare the Market’s health insurance expert Anthony Fleming said: “We know even a small change can have a big impact on household finances. “As the pandemic has turned our thoughts and […]
More than two-thirds of Australian motorists plan to replace their current car or buy a new one in the next few years, but only a small fraction say they will go electric, with the vast majority still undecided. Compare the Market surveyed 1,000 Australians and found just over 70% said they would replace their current […]
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