Unemployment and Low Savings Driving Greater Sydney “Shadow Pandemic” of Financial Stress
A recent poll conducted by Savvy of 1002 Greater Sydney residents living in COVID-19 lockdown restrictions shows a “shadow pandemic” of financial stress plaguing Greater Sydney, driven by unemployment, underemployment, and rapidly depleting savings – 10% of respondents saying they have $1,000 or less in savings, 9% have $500 or less, while 8% stated they […]
Where Are New Car Sales Headed? A Look at the Stats
There are almost as many cars as there are people in Australia. According to the Australian Bureau of Statistics, there are 20.1 million registered motor vehicles – that’s almost one per person of driving age. Over 2020, the national fleet grew by 1.7%. It would seem our appetite for new cars remains steady, despite lockdowns, […]
Average Cost of Building a New Home in Australia
Many factors influence the cost of building a new home in Australia. Besides the most obvious ones of lot price, building materials, design and labour, several other factors are now influencing the market. Historic low interest rates, implemented in the wake of the pandemic related slow-down, have fuelled a general real estate boom – causing […]
Australian International Travel Sentiments Survey
After the Australian federal government announced the reopening of international borders in late 2021, overseas travel has once again become a reality. Savvy’s survey of 1000 Australians aims to learn their attitudes and intentions towards international travel in the midst of a global pandemic. 4 in 5 say international travel COVID-19 policy will influence destination […]
Toyota RAV4 Hybrid sales surge by 39% during pandemic, eclipsing petrol variant sales
Hybrid car sales have been strong as Australians seek to save money and help the environment, finds Savvy’s hybrid vehicles report. Of all the brands available, Toyota has cornered the largest portion of the market. Toyota hybrids accounted for 92% of all analysed hybrid sales in Australia in 2021 Toyota Rav4 Hybrid vehicle sales increased […]
73% of Australians Agree Moving to Electric Vehicles is Important to Curb Climate Change
A survey of 1,001 Australians by Savvy has revealed that 73% agree that moving to Electric Vehicles (EV) is an important move to reduce CO2 emissions and keep global temperature rises to 1.5°C. 40% may purchase EVs in the future – 7% already signalling intent in next 12 months Younger Australians skew favourably to buying […]
Wedding Budget Breakdown: Australia’s Average Costs
Weddings can be expensive events, requiring outlay on numerous common items and services, including but not limited to bride and bridesmaids’ dresses, venue hire, wedding cake, marriage celebrants and venue hire. While for a deluxe wedding the sky’s the limit, during 2021 the average cost of a wedding in Australia totalled $27.2k. Savvy’s 2021 wedding […]
Australian Renewable Energy Report 2021: Production, Consumption and What That Means for your Bills
Do renewable energies reduce the cost of electricity? Savvy has reviewed Australian energy prices, how we use renewables now and in the future and what this all means for you. How can we save money while doing the right thing? Australia’s total energy consumption fell by -2.9% in 2019-20 7% of all Australian consumption is […]
Smart Home Technology Adoption Rises with more Australians over 60 Buying Tech Devices
Older Australians aged 55 to 65+ years have embraced smart home devices and become more tech-savvy, according to new statistics. But they are not the only ones taking advantage. Savvy surveyed 1,000 Australians to see how they feel about using the Internet of Things (IoT) in the home. 48% of boomers and seniors already own […]
How to Check Your Credit Score in 2022
Do you know what your credit score is, or what’s on your credit history? 73% of Australians don’t know their credit score. Your credit score is a number between zero and 1000 or 1200. Knowing your credit score is integral to your financial health. A determining factor in whether you’re approved for finance and at […]
Cybercrime on the Rise in 2022, after Australians Lost Over $300 million to Scams Last Year
Cybercrime and scams cost Australians $56 million in 2021 Cybercrime involves any type of crime that breaches or uses technology The Optus Identity Theft breach potentially exposed millions of Australians’ personal information, putting them at risk Protecting yourself against cybercrime isn’t difficult – we have ten tips to help you thwart would-be criminals and scammers […]
Cybercrime on the Rise in 2022, after Australians Lost Over $300 million to Scams Last Year
The Covid-19 pandemic has given scammers and hackers an advantage. As remote work pushes more Australians online, the jump in cybercrime hits record-high rates sparking major concerns for businesses and families. Savvy’s online scams report reveals the latest figures and what you can do to protect against cyber attacks. The top scam types by amount […]