Phillip Portman

1 week ago | comparethemarket.com.au | Meredith O'Brien |Phillip Portman

Compare the Market is encouraging Australians to compare their electricity plans and move to cheaper offers if they can, after the Australian Energy Regulator (AER) today confirmed that electricity pricing changes for the will be implemented from 1 July.

2 weeks ago | comparethemarket.com.au | Phillip Portman

The Reserve Bank of Australia has confirmed that it will drop the cash rate by 25 basis points at May’s board meeting. While most banks are expected to pass on the rate cut in full, Compare the Market’s Economic Director David Koch warned that homeowners shouldn’t misplace their confidence in lenders. “Rates may be starting to drop but that doesn’t guarantee you’re getting a good deal, especially if you haven’t refinanced in a few years,” Mr Koch said.

3 weeks ago | comparethemarket.com.au | David Koch |Phillip Portman

Compare the Market’s Economic Director David Koch is confident that the Reserve Bank of Australia will slash interest rates again next week, in a move that could leave thousands of dollars more in the hands of some mortgage holders each year. A 0.25% rate cut would significantly impact the household budget. Someone with a $666,000 mortgage would pocket an extra $106 each month if their bank passed on the rate cut. Over a year, that’s an additional $1,272.

3 weeks ago | comparethemarket.com.au | Phillip Portman

Reviewed by Economic Director, David Koch Aussie homeowners are set to “stash” rather than “splash” savings from a widely expected RBA rate cut next week, with new Compare the Market research showing most will boost savings or offset accounts—or keep repayments unchanged. A borrower with a loan of $666,000 would pocket around $100 a month or more than $1,200 a year with a 0.25% rate cut. The amount would double if the RBA slashes rates by 0.50%, which some economists are predicting.

3 weeks ago | comparethemarket.com.au | Phillip Portman

Compare the Market is encouraging anyone travelling overseas to lock in travel insurance as soon as possible before their trip amid a growing measles outbreak in the United States of America. The calls come after the government’s Smartraveller website advised that increased cases of the highly contagious disease are also being reported across some of the world’s most popular travel destinations, including, but not limited to, India, the Philippines, Bali, Thailand, Vietnam and Africa.