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4 weeks ago | 
comparethemarket.com.au | Stephen Zeller |Phillip Portman
A cash rate cut at next week’s RBA board meeting would be a lifeline for mortgage holders looking to get their savings back in the green.
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May 9, 2024 | 
comparethemarket.com.au | Stephen Zeller |Natasha Innes
It’s the savings hack that could save you tens of thousands of dollars – and help you shave years off your loan – but still thousands of Australians don’t know how to use an offset account. Compare the Market Economic Director, David Koch, said that while interest rates remained high, offset accounts could help mortgage holders pay down the principal on their loan faster.
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Nov 6, 2023 | 
comparethemarket.com.au | Stephen Zeller |Noemi Hadnagy
The Reserve Bank of Australia (RBA) has hiked interest rates by another 25 basis points − marking the 13th rate rise since May last year. RBA governor Michele Bullock announced the increase at the November Board meeting, citing persistently high inflation as a deciding factor. “Inflation in Australia has passed its peak but is still too high and is proving more persistent than expected a few months ago.
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Sep 12, 2023 | 
comparethemarket.com.au | Stephen Zeller |Phillip Portman
As Australia faces the very real possibility of a recession amid the fallout of the ongoing cost-of-living crisis, research from Compare the Market’s new Household Budget Barometer has revealed the nation’s surprising financial fears for the next 12 months. According to the report, the cost of groceries, energy and fuel are the bills that Australians believe will cause the most pain in the next year.
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Jul 30, 2023 | 
comparethemarket.com.au | Stephen Zeller |Noemi Hadnagy
As the Reserve Bank of Australia prepares to hand down its latest decision on the cash rate this Tuesday, many households will be watching on anxiously. Many families are already looking at their stretched household budget, with recent research from Compare the Market finding that 5.5% of mortgagees are preparing to sell their homes due to the continued rate rises and inflation.
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Jul 24, 2023 | 
comparethemarket.com.au | Stephen Zeller |Phillip Portman
Households across all corners of Australia are dealing with a financial crisis like no other, and alarming data from Compare the Market’s new Household Budget Barometer reveals that a staggering number of Aussies are turning to social media and the internet to make their financial decisions.
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Jul 18, 2023 | 
comparethemarket.com.au | Stephen Zeller |Noemi Hadnagy
With the Reserve Bank of Australia (RBA) warning that more interest rate rises are on the horizon, the latest research from Compare the Market shows that more than half of mortgage holders (54.6%) would be willing to move away from the Big Four banks to a challenger bank if they offered better rates.* The research comes as Compare the Market’s first annual found that 61% of Australians are only just getting by financially, with over a quarter of respondents admitting that their savings are...
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Jun 26, 2023 | 
comparethemarket.com.au | Megan Birot |Stephen Zeller
The Reserve Bank of Australia (RBA) has hiked interest rates by another 25 basis points − marking the 12th rate rise since May last year. RBA governor Philip Lowe announced the increase at the June Board meeting, citing persistently high inflation as a deciding factor. “Inflation in Australia has passed its peak, but at 7% is still too high and it will be some time yet before it is back in the target range,” Lowe said in a statement.
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Jun 26, 2023 | 
comparethemarket.com.au | Stephen Zeller |Natasha Innes
It’s another grim day for borrowers around Australia, with the RBA raising the cash rate for the 12th time since May last year. At this month’s Board meeting, RBA governor Philip Lowe confirmed the 25 basis point hike. It’s been 399 days since the Board started its record run of rate rises, with a $500,000 variable mortgage holder now set to pay $1,209 more each month than at the start of May 2022 following the 400 basis point increase.
