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 ..read more

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 ..read more

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 ..read more

 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 ..read more

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 ..read more

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 ..read more

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 ..read more

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 ..read more

They say money can’t buy you love – but sometimes it can help.  One of the toughest tests for a relationship is when facing financial challenges, and that’s what’s happening to many right now. According to new research from Compare The Market, more than three-quarters of Australians say the rising cost of living has impacted ..read more

Aussies are making some tough decisions this year. What started as a cost-of-living crisis is becoming a cost-of-lifestyle crisis. Rising prices and a constant stream of household bills have taken a big bite out of our holiday and leisure budgets. Now I think it’s time we called out social media for raising impossible expectations.  Every ..read more