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Important Information Comparison rate warning A comparison rate is a calculation used to more accurately reflect the true interest rate of a loan by incorporating some of the fees and charges which come with it. For home loans and any other finance secured against real property, comparison rates are based on a secured credit of […]
Does Using Afterpay Affect Your Credit Score?
Afterpay can be a quick and easy way to buy the things you need without copping the full brunt of their cost on your hip pocket straight away. However, before you start using services like Afterpay, it’s worth finding out whether doing so can have a negative effect on your credit score. Learn more about […]
What to Know About Cheap Sheds in Australia
One of the mainstays in Australian homes with a yard is the humble yet indispensable garden shed. Garden sheds have become a place where toys get fixed (for kids and dad), DIY projects are born, old memories are stored, and perhaps a few beers are cracked with mates in a “man cave.” No matter the […]
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% […]
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 […]
A Quarter of Aussies Save $250 or Less Per Month
Savvy’s new personal finance survey of 1002 Australians discovers people’s average monthly savings, where they put their money and how they feel about inflation. 24% of Aussies save $250 or less each month 32.5% save $750 or over per month 78% rely on savings accounts, followed by super contributions (24%), then stocks & shares […]
84% of Australians Worried About Wage Growth Amid Inflation
As part of Savvy’s research into cost-of-living pressures, many Australians are worried that flat wage growth will not keep up with soaring inflation. 30% of Australians report they are “extremely worried” about inflation outpacing income 84% of Australians are worried to some degree about flat wage growth 38% of Australian women say they’re “extremely worried” […]
How Much Income Does the Average Household in Australia Have?
Australia’s soaring inflation has made it increasingly difficult for households to pay essential expenses. House costs, petrol prices and groceries are the biggest culprits. It raises the question, how do wages compare with the cost of living? And what disposable incomes do households actually have? In this report, we analyse the average income of Australians […]
Australia’s Online Shopping Behaviour Report – 2022
Australia’s online shopping industry is worth over $47 billion dollars. The market size has grown by 8.9% in 2022, proving that more consumers are choosing online shopping over bricks and mortar – and our love affair with retail therapy continues to skyrocket. More than 5 million households participate in online shopping each month Online retail […]
Twelve Million Aussies are Concerned About Rising Grocery Prices
Savvy’s 2022 survey of 1005 Aussies learns how inflation and increasing grocery prices are affecting the cost of living in Australia. 62% of Australians are concerned about increases in the price of food and groceries 31.1% said they spend over $100 per person per week 48% said they will simply buy fewer groceries if inflation […]
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 […]
Compare Personal Loans
Finding the right personal loan has never been easier than it is today. Whether you’re looking to consolidate existing debts, fund home renovations or even pay for your next getaway, Savvy’s here to help. With a panel of trusted Australian lending partners and a team of experienced finance consultants behind us, we’ve been helping everyday […]
