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Nov 21, 2024 | 
comparethemarket.com.au | David Koch |Natasha Innes
Did you know you could get a lower interest rate and improve the value of your home while making your home more energy efficient? According to a Compare the Market analysis, borrowers with a $750,000 loan could reduce their monthly repayments by $170 when they refinance from an average variable rate of 6.3% to a green home loan rate of 5.95%. Compare the Market Economic Director David Koch said green home loans aim to reward borrowers who invest in sustainable properties.
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Nov 20, 2024 | 
comparethemarket.com.au | David Koch |Natasha Innes
Student loans could shrink high-income earners’ borrowing capacity by almost $100,000, according to new Compare the Market research. A single income earner on $125,000 with no dependants could see their borrowing power reduced by $95,900 if they’re paying off an average HECS debt of $26,494.
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Nov 12, 2024 | 
comparethemarket.com.au | Chris Ford |Natasha Innes
It seems we’re under the influence, with half of Australians surveyed admitting they’ve bought items because of social media, according to new Compare the Market research*. The research found that 50.1% of respondents made purchasing decisions based on what they saw on their social media feeds, whether it was a product featured by an influencer, an enticing ad, or even suggestions from friends.
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Nov 4, 2024 | 
comparethemarket.com.au | Chris Ford |Natasha Innes
There weren’t many winners on Melbourne Cup Day as the Reserve Bank of Australia left the cash rate on hold to stop the inflation horse bolting away. The cash rate has remained on hold at 4.35% – its highest point in over a decade – since November last year. Compare the Market’s Chris Ford said the RBA had kept inflation on a tight rein, but needed to weigh up the impact higher rates had on families with a mortgage.
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Oct 29, 2024 | 
comparethemarket.com.au | Chris Ford |Natasha Innes
Some spooky statistics arrived just in time for Halloween: About 40% of Australians have credit card debt, while 18% have an outstanding Buy Now Pay Later (BNPL) debt. According to Compare the Market’s Household Budget Barometer 2024, two-thirds of adult Australians surveyed have some type of debt that isn’t a home loan.*While good financial management is important, Compare the Market’s Chris Ford said it can feel overwhelming – even scary – to confront our financial habits.
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Sep 24, 2024 | 
comparethemarket.com.au | David Koch |Natasha Innes
The cash rate may be on hold but that hasn’t stopped several lenders reducing their home loans offers, allowing savvy refinancers to create a rate cut of their own. Compare the Market Economic Director David Koch said that some of the country’s biggest lenders had reduced their home loan rates over the past month, continuing a trend of cuts across the mortgage market. Commonwealth Bank of Australia (CBA) lowered rates on its fixed and variable mortgages by up to 0.70%.
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Sep 5, 2024 | 
comparethemarket.com.au | David Koch |Natasha Innes
Shocking new data revealed 95% of Aussies think the school curriculum needs an overhaul. The quintessential Aussie schooling experience features a bit of algebra, the Pythagoras theorem, some Romeo and Juliet, and – inexplicably – how to play Hot Cross Buns on the recorder. But ‘one a penny, two a penny’ won’t get you very far when it comes to managing the household budget and that’s exactly where our education system could be letting us down.
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Sep 5, 2024 | 
comparethemarket.com.au | David Koch |Natasha Innes
Saving for a deposit can be a major challenge for aspiring homebuyers, with a 20% contribution now more than $230,000 for a median dwelling in Sydney and $168,000 for a median dwelling in Brisbane. Compare the Market’s Economic Director David Koch said paying extra for Lenders Mortgage Insurance (LMI) may be the only option to overcome the hurdle for buyers without access to the ‘bank of mum and dad’.
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Aug 6, 2024 | 
comparethemarket.com.au | David Koch |Natasha Innes
Homeowners are counting their lucky stars after the Reserve Bank of Australia (RBA) left the cash rate on hold at Tuesday’s August Board meeting. Despite the annual rate of inflation increasing in June to 3.8%, Compare the Market Economic Director David Koch said it was not enough to force the RBA’s hand into delivering a rate rise. “Many economists have warned that a further rate rise could put Australia’s economy at risk and wipe out the benefits of tax cuts and real wage gains,” Mr Koch said.
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Jul 28, 2024 | 
comparethemarket.com.au | David Koch |Natasha Innes
The Compare the Market Economic Director explains how an ultra-low cash rate impacts our economy. There’s a lot you could buy with $18,000 – a new car or maybe a year’s tuition fees. But for the average Aussie homeowner, they’ll need to save that money for extra home loan repayments. We’ve seen the cash rate climb from a historic low, of just 0.1 per cent to its highest peak in over a decade at 4.35 per cent.
