In The Media

Australians can expect to see a $100 hike in their annual energy costs, adding pressure to already-strained household budgets as the cost of living soars. According to the latest report from the Australian Energy Market Operator (AEMO), wholesale electricity prices have more than doubled in the past 12 months. With wholesale energy prices making up around…

With the latest inflation figures showing a 5.1 per cent increase over the past 12 months; along with an interest rate rise and surging petrol prices, there has never been a better time to tighten the money belt. Early childhood teacher and blogger Elizabeth Mitchell said the recent inflations have definitely made her budget more. “That’s not to say I don’t splurge…

It fascinates me how so many people who are worried about their finances don’t know what rate they are paying on their current home loan. And many people don’t seem to realise that they could be saving a lot of money by simply doing some homework and taking the time to help their precious hip pockets. Is…

Australia Post has once again been mimicked in a new phishing scam, which intends on stealing customers credit card details. MailGuard has warned Aussies to be on the lookout for an email with the subject line “Your package is waiting for delivery” with the sender name AUSPOST. While it may all seem legitimate, the emails are actually coming…

Families living in NSW may be eligible for a $180 energy rebate designed to help people with children cover the cost of their energy bills. To be eligible for the rebate, you must be a recipient of the Family Tax Benefit, which is an income-tested Centrelink payment designed to help with the cost of caring…

Households could save up to $1,194 a year by switching to a cheaper broadband provider, with some Aussies overpaying for their connection by up to 58 per cent. Tom Godfrey, Mozo spokesperson, said it paid to look past the big-name brands when choosing a broadband provider. For example, Mozo recognised Flip as the broadband provider of the…

The Reserve Bank of Australia (RBA) has flagged interest rates could hit 1.75 per cent by the end of the year. If this were to happen, the average variable borrower could be paying an extra $443 a month on their home loan by Christmas, according to new analysis from RateCity.com.au. Technical assumptions in the RBA board minutes show…

We’ve all heard the common trope that young Australians find it hard to save for a property because of unnecessary spending on things like takeaway coffee and Netflix subscriptions. Many commentators have felt the wrath of young Australians when they have argued a simple hack to save for a house deposit would be to cut back…

Wages rose just 0.7 per cent in the March quarter – falling well behind the rising cost of living. New data from the Australian Bureau of Statistics (ABS) showed the rate of annual wage growth was 2.4 per cent, up from 2.3 per cent last quarter and the highest annual rate recorded since December 2018. “The annual rate…