News Archive for October 2022

If you’ve been feeling the weight of rising rates and a continually increasing cost of living, new statistics from Equifax show that you’re far from alone.

Buying a smartphone with a mobile plan is pretty standard nowadays, especially if you’ve traded up for the latest model.

November starts the silly season, at least when it comes to Christmas shopping.

After a hard year of crazy inflation and rising interest rates, it’s no wonder that Aussies are planning on buying fewer gifts this Christmas.

If you’ve ever bought something regrettable, you’re not alone - MyState Bank finds that Aussies are spending $13 annually billion on purchases they regret.

At a time when rent prices are boiling over and homebuyers are being priced out of the areas they work in, Labor’s Federal Budget for 2022-23 provides a modicum of hope for the future of affordable housing.

A new report from the Australian Bureau of Statistics (ABS) confirms the Boomers have had it easier, aptly named 'Back in my day'.

Mario is making headlines left and right (up, down and over the top). First, with the new Super Mario animated movie, where Chris Pratt voices him and Jack Black is Bowser. Now Mario wields space pistols to help his Rabbids friends reclaim the Mushroom Kingdom in Mario + Rabbids Sparks of Hope.

Commonwealth Bank has entered the green finance game with their new discounted personal loans for sustainable spending.

Halloween is a chance to dress up like Batman, knock on strangers doors and request free treats … when else is this acceptable?

If you’re the owner of a small business, chances are that you’re feeling the sting of the rising rates and growth to the cost of living.

The eye-watering cost of living has been on everyone’s minds this year, especially regarding necessities like groceries. According to award-winning budgeting app Frollo, the average grocery shopping spending has increased by 24% in the last year.

HBO’s House of the Dragon made huge waves across its sensational first season. But if the finale still has you shook and you can’t wait two years for season two (sobs), here are seven ideas for your next dragon-themed holiday to tide you over.

The Reserve Bank of Australia (RBA) has delivered an aggressive series of hikes to the cash rate for the last six months, bringing up the average variable rate home loan by more than 2% p.a. Now, official interest rates sit at 2.60%, which the RBA considers ‘neutral’ territory.

Returning to normality this year has meant overspending on things. Whatever it takes for a post-pandemic moment of joy, right?

Six consecutive months of interest rate hikes have taken a heavy toll on the Australian property market, with Sydney home values falling by 10.1% — the equivalent of $116,500 — since hitting their peak in February this year.

Most Aussies (75%) choose brands for their waste reduction programs, new data from Commbank’s October Consumer Insights Report shows.

Shopping for the holidays? Coming up with the best Christmas gifts for mum, dad, friends, siblings, coworkers, and everyone in between – even that one person – can be a headache. But instead of reaching for the Panadol, let’s get the inspiration flowing.

With all the recent panic surrounding the Optus hack, we’re all feeling hyper alert about our data security right now.

Chocolate, lollies and a little festive season booze! They’re all on show with the latest range of Advent Calendars.

Heck yes! After years of strict border rules, the iconic north and south islands for Aotearoa New Zealand are open for business! So in the name of mountains, Gandalf, mountains, here are some top ideas for your next kiwi holiday.

Netflix has reversed the decline in subscribers that it faced earlier in the year, reporting it has added 2.4 million new subscribers in the last quarter.

Having a trusty set of appliances makes for a content household. Whether it’s springing for decorative cutlery or more costly items like a new barbeque setup, choosing the right essentials for your home can be overwhelming with so many options.

Got an outdoorsy, sports lover in your life? Maybe buy them something that helps fulfil their sporting passion this Christmas!

Australia is a country of drivers. We drive to work, to see our friends, and even do the occasional road trip. So, it’s only natural that we Aussies seek out the best car brands and best online auto accessory retailers to help make our daily drives as smooth as freshly laid asphalt.

It’s a fact that cool tech always impresses. But shopping for the tech lovers in your life could be difficult if gadgets aren’t your thing.

Get your shopping list ready – Black Friday is almost here, folks! This year, Black Friday starts on Friday, the 24th of November and ends on Monday, the 27th of November.

Australia has seen a significant decrease in rental properties available under $400 per week, says a new PropTrack Market report.

Calling all shoppers: The biggest sale event of the year is here… *drumroll* – Black Friday!

Earlier this year we saw propositions to make electric vehicles cheaper to consumers, and it looks like small businesses have taken note. The suggested Electric Car Discount Bill has proven extremely popular with small business owners, with 66% saying they would go green if it was approved.

Google’s latest mobile phones have landed, with the Google Pixel 7 and Pixel 7 Pro coming in at a starting price of $999 and $1,299 respectively.

New reporting from Corelogic’s Cordell Construction Cost Index (CCCI) indicates a record rate of growth in home construction costs in the year to September 2022. If you’ve been looking to make some changes to your home, you could be in for a nasty shock.

Six months of rate hikes have finally caught up with us. Research firm CoreLogic reports dwelling prices have dropped in nearly 80% of Australian housing markets over September, on the heels of three back-to-back 50 basis point hikes to the cash rate.

The Australian Competition and Consumer Commission (ACCC) is set to crack down on businesses misleading consumers on environmental and sustainability claims.

Taylor Swift’s much anticipated 10th studio album dropped on 21 October at 12am in the US, which was 3pm EST in Australia.

The latest reports from Commonwealth Bank reveal that household spending is declining month on month, with Aussies starting to feel the impact of rate rises on their everyday budgets. This could be one of the many reasons we’re seeing an increase in personal loan commitments, with a 9.5% increase seen in the most recent statistics from the Australian Bureau of Statistics (ABS).

Australians have seen rental costs increase rapidly over the last year, but there are signs growth has begun to slow as affordability constraints start to kick in.

Online banks, or neobanks, are becoming more common and popular in Australia.

London-based financial services company, CMC Markets, has mined Google search data to reveal the fifteen most frequently searched stock market terms on the web.

If you are looking for a halloween movie to put you in a spooky mood, look no further! Here is a list of movies, including classic horror movies and ones more suitable for kids to keep you entertained this October!

Rising interest rates and falling real incomes are already forcing households to reassess their finances, but the country’s central bank has said some borrowers will face a much higher burden than others.

Permanent adjustments to the 7/11 pricing matrix were rolled out on October 4th. This saw the convenience store’s iconic $1 coffee double in price and adjusted pricing applied to the summer favourite Slurpee. Prices have also increased on other beverages, including the “Hot Chockee” range and iced coffee options.

Amazon’s Big Smile Sale has started! The sale kicked off today (Monday, 27 March) and will run until 11.59 AEDT Sunday, 2 April 2023.

In recent weeks, three Australian states have announced their plans for reaching renewable energy targets in Australia.

Are you a lover of all things British television? Meet BritBox – your one-stop British telly shop.

The 31st of October is the scariest day in the Australian calendar. No, not Halloween - it’s the deadline for tax season.

It can be hard to sort through the masses of content on all of the streaming platforms to find a new show or movie to watch. That’s where we come in, the Mozo Content Team! Here is the lowdown on what we are all currently watching to give some inspiration next time you’re looking for a new bingeing obsession!

This article has been updated to reflect PropTrack's December quarter 2023 data.

Things that go bump in the night might cause a fright, but the scariest spooks of all, like to hide in plain sight.

Found yourself reaching for your credit card a little bit more often recently? The rising cost of living has put strain on all of us, with new July 1 changes adding extra costs to energy bills and phone plans. While balancing costs can be a challenge, it’s always nice to get a bit of a reward back in your pocket.

Looking for a new plan or phone on a budget? When you compare mobile phone plans, keep an eye out for some of the great deals that pop up from time to time.

A study by Small Business Loans Australia has found that 3 out of 4 small to medium enterprises (SMEs) are expecting to hit cash flow problems before 2024.

Last Updated: 10 October at 12:35 pm

After delivering four consecutive 50 basis point hikes this year, the Reserve Bank of Australia has finally decided to slow things down, lifting rates by just 25 basis points this afternoon.

It’s official: the market has turned. New data from CoreLogic shows the Australian property market peaked in April 2022 and has been sliding downhill since, primarily due to rate hikes from the Reserve Bank of Australia (RBA).

The Reserve Bank of Australia has lifted interest rates at a rapid pace this year, most recently by 0.25% at its October meeting. Economists at all four major banks expect the tightening cycle to continue as the central bank ramps up its efforts to tame inflation.