Rental Crisis: Low-Income Households Need 117% of Income to Pay Rent
Rental stress has been sky-high for Australians over the past few years. The soaring cost of housing is putting pressure on low to middle-income earners, especially in major cities such as Sydney and Melbourne. The issue is particularly acute for single-parent families, low-wage workers and older Australians on fixed incomes. More than 42% of all […]
Property Report 2023: The Most and Least Expensive Suburbs to Buy Property in Australia
As part of Savvy’s ongoing economic research, we look at property market conditions in the most and least expensive suburbs to buy in. National housing values decreased by 3.2% over 2022 to November Vaucluse, NSW was the most expensive suburb for houses Kambalda East, WA was the most affordable suburb for houses Elizabeth North in […]
Mortgage Stress Survey 2023: 38% of Australians To Spend Less and Prioritise Mortgage
As part of Savvy’s ongoing research into the economic and financial wellbeing of Australian families, our latest survey follows up 2022’s findings into mortgage stress. 21% of respondents say they haven’t missed repayments but are “under pressure” 38% say that they will spend less and prioritise their mortgage if rates continue to rise 13% say […]
Women In Australia – The Status of Women in 2023
Despite Australia’s appearance as a vibrant liberal democracy with advanced economy, Australia is ranked 43rd for gender equality, according to the most recent Status of Women Report Card published by the Australian Government. Australia is ranked 43rd for gender equality internationally Australia has the 4th highest level of tertiary educated women in the OECD 9% […]
Easter Spending Survey 2023: Australians Travelling and Spending Less Than Last Year
As part of Savvy’s ongoing economic and social research, we look at Australia’s proposed Easter spending and travel plans contrasted with last year. 31% of Australians say they’ll be spending between $51 and $150 this Easter A further 22% will spend between $251 – $500 64% indicated they will be staying home over the Easter […]
Rental Survey 2023: Too Damn High? Three in Five Aussies Say Their Rent Is “Overpriced”
A nationally representative survey of Australians (n=1,000) conducted by Savvy has shown that almost two in five renters (59.2% of 392 renters) are spending over 31% of their weekly income on rent. 58.9% of renters say they feel their rent is overpriced 64.7% of women say they feel their rent is overpriced, compared with 52.9% […]
Life Insurance Survey 2023: 44% of Australians Have No Life Insurance Policy
As part of Savvy’s ongoing research into Australia’s finances and economics, our latest survey takes a look at life insurance coverage among the population. 44% of Australians do not have any life insurance and have no intention of taking out a policy 46% of women vs 42% of men say they don’t have and don’t […]
Survey Finds Almost a Quarter of Australian Families Don’t Have Private Health Insurance
As part of our ongoing research into Australian financial wellbeing, Savvy takes a comprehensive look at private health insurance among Australians amid the rising cost of living and inflation. 23% of Australian families don’t have private health insurance 53% of Australian single parent families don’t have private health insurance Individuals are spending between $41-$50 on […]
EV Inequality: 34% of Australians Unable to Install an EV Charger at Home
As part of Savvy’s ongoing research into consumer habits in Australia, we take a look at whether EV charging at home is feasible for Australians in 2023. 29% of Australians rent and cannot install a home EV charger 5% own an apartment not up to the task Only 4% live in apartments with option to […]
Aussies Love Advanced Driving Features, Though Less Sure About Autonomous Driving
As part of Savvy’s research into Australian consumer sentiments and technology, we look at attitudes towards a new automotive frontier: AI-assisted or autonomous driving features in new car models. 47% of Australians have some level of concern about AI or autonomous driving features 26% of 18–24-year-olds trust autonomous driving compared with just 5% of over […]
Funeral Costs in Australia – 2023 Report
Learn about the expenses associated with a funeral in different states and territories around Australia. Basic burial cost in Australia – $8,048. Average cost of basic cremation – $3,108. Standard funeral in Australia costs an average of $9,403 for a burial and $5,591 for a cremation. Premium funerals, which include additional services, cost on average […]
Car Theft Statistics in Australia – 2023 Report
Savvy looks at the latest data to learn about car theft in different states and territories around Australia. Approximately one passenger/light commercial vehicle is stolen every 11 minutes in Australia. Queensland had the highest number of individual car thefts in 2021, with over 11,000 cases. The Northern Territory had the highest rate of car thefts, […]