Compare the Market

Compromising lifestyle to purchase property is buyers’ biggest regret

Sarah Orr — Mon, 21 Feb 2022 22:30:50 +0000

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 […]

Sleepiest Australian cities revealed

William Jolly — Sun, 20 Feb 2022 22:30:12 +0000

Nearly 10% of Aussies are getting less than 4 hours of sleep each night with an average of just 6.4 hours per night around the country, according to a survey by Compare the Market. Gold Coast and Wollongong are our most rested cities with Perth burning the midnight oil as Australia’s least rested, surviving on […]

Draft guidelines shed light on what a “sun tax” could mean for solar customers

Phillip Portman — Fri, 18 Feb 2022 01:26:03 +0000

Last year, the Australian Energy Market Commission (AEMC) passed a controversial plan that will see demand-based pricing introduced for solar panel owners who export electricity back to the grid. While electricity retailers currently pay customers with solar panels to send electricity back to the grid, the new plan will also see customers charged at certain […]

With credit card interest rates not budging, Australians take matters into their own hands

Compare the Market — Tue, 15 Feb 2022 02:04:32 +0000

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 feel the heat of summer energy bills but could reprieve be on the way?

Sarah Orr — Mon, 14 Feb 2022 01:54:55 +0000

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 […]

Roses are red but money is making us blue this Valentine’s Day

Sarah Orr — Sun, 13 Feb 2022 23:14:12 +0000

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 […]

Why you should be preparing for an RBA cash rate increase in 2022

Sarah Orr — Mon, 31 Jan 2022 03:18:03 +0000

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. […]

New tricks to keep drivers in old cars safe

James McCay — Thu, 27 Jan 2022 00:13:02 +0000

That old car may be all that you can afford right now, but it shouldn’t cost you your safety. Cars made before 2002 account for over a third of all crashes according to the Australasian New Car Assessment Program (ANCAP). But the oldest cars often belong to the least experienced drivers who are either learning […]

Toyota reigns supreme as world’s most desired car

Hannah Norton — Fri, 21 Jan 2022 03:57:09 +0000

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 […]

Yes, Australia can have tsunamis. But does your insurance cover them?

William Jolly — Wed, 19 Jan 2022 00:11:05 +0000

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 […]

Safest cars of 2021: Did your car rank #1?

James McCay — Mon, 17 Jan 2022 06:06:16 +0000

The global pandemic forced carmakers to reduce speed on the number of new models released due to microchip shortages and shipping delays. However, new models were still being released out of the factory and onto Australian roads. Demand remains high for new cars. This year, Australians can look forward to even more models, including more […]

Australia’s top road trip destinations for 2022 revealed

Sarah Orr — Fri, 14 Jan 2022 00:45:11 +0000

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 crowned Australia’s top domestic destination for 2022

Sarah Orr — Thu, 13 Jan 2022 01:16:59 +0000

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 […]

Private health insurers announce lowest average rate rise in 21 years

Sarah Orr — Thu, 23 Dec 2021 01:00:20 +0000

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 […]

Most Australians unsure if next car will be electric

William Jolly — Fri, 17 Dec 2021 00:57:18 +0000

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 […]