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Head of Media and Consumer Advocate
Tom Godfrey
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Media spokesperson
Kirsty Lamont
Media releases
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The 12 traps of Christmas
11 Dec 2018
Mozo.com.au is reminding people ‘tis’ the season to be savvy as the festive hype takes hold. “With the Christmas jingles and red and white tinsel flooding the retail landscape, it is the season to be savvy so you don’t blow your budget and end up with the New Year financial blues,” says Mozo Director Kirsty Lamont. To help Australians keep their finances in check, Mozo has compiled 12 financial traps that should be avoided this Christmas season
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Big banks cashing in on international money transfers
10 Oct 2018
Australians are being slugged some the highest international money transfer costs in the world by the big four banks with savvy money senders able to save 4.7% on average using specialist online money transfer providers, according to financial comparison site Mozo.com.au.
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124 days is how long Australians have to work just to cover the necessities
21 Jun 2018
How many days of the year do you have to work just to cover off day to day costs like keeping a roof over your head, groceries and the daily commute into work? Mozo.com.au has crunched numbers and found it takes the average Australian six months to earn enough money to cover off their basic living expenses.
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Quirky European road rules
5 Jun 2018
New research from comparison site Mozo has found that Australians planning to drive during their next European holiday should study up on local road rules to avoid being caught on the wrong side of the law. While packing sunscreen, swimmers and sunglasses makes sense, be sure to leave some room for a first aid kit, breathalyser and a hi-vis jacket.
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Borrowers could save over $1,200 a year with one conversation
4 Jun 2018
7 in 10 home borrowers who have haggled their lender for a better home loan interest rate have received one, according to new research from Mozo.com.au.
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The Cost of Greycare
3 Jun 2018
With the rising cost of childcare across Australia, many parents are turning to their parents for childcare assistance, in a bid to save much needed time and money.
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70% of kidults who live with parents staying put because they can’t afford to leave
30 May 2018
Moving out of home was once an adult rite of passage like getting a driver’s license or celebrating your 21st birthday, however new research from comparison site Mozo.com.au has found that 31% of adults aged 19 – 34 are living with their parents.
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Wasteful heating habits costing Australians $1.09B this winter
29 May 2018
Are your energy habits costing you a small fortune over winter? More than 1 in 5 Australians are guilty of at least three wasteful, bill-boosting habits like cranking up the heating to tropical temperatures rather than rugging up, leave the heating on for hours every day for their pet and having longer showers to warm up, according to Mozo.com.au
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APRA’s decision to scrap cap a win for housing investors
26 Apr 2018
Investors are set to be the biggest beneficiaries in the home loan market after the Australian Prudential Regulatory Authority (APRA) today announced the scrapping of its housing investor loan cap, according to comparison site Mozo.com.au.
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Raw deal for existing mortgage holders
23 Apr 2018
New research from comparison site Mozo has found that Australian mortgage holders are getting the short end of the stick through rate increases and uncompetitive offerings, with nearly half experiencing an interest rate rise since August 2016, despite no movement from the RB
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Big bank borrowers snag bigger savings from online lenders
3 Apr 2018
Online lenders are fiercely competing with bricks and mortar lenders with new research by comparison site Mozo.com.au revealing the potential annual savings from switching to a competitive online home loan deal have increased in the past year.
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What a yolk! Easter novelty treat mark-ups of up to 320%
30 Mar 2018
Ahead of the Easter season, we ask the question – how much more are shoppers paying for Easter chocolates? An analysis by Mozo.com.au has found that shoppers could be paying more than four times the price for Easter novelty treats than block chocolate.
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Affordable chocolate ranks highly this Easter
27 Mar 2018
The iconic Lindt bunny has taken out gold in a blind taste test commissioned by Mozo.com.au proving that shoppers don’t need to pay a fortune for great tasting chocolate.
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LAX takes out most expensive layover while Seoul Incheon the most affordable
20 Mar 2018
Chasing affordable international flights often comes with a downfall - you’re hit with a lengthy and inconvenient layover. Next time you book international flights, stop to consider the true cost of layover. While you may save a few hundred off your flight, how much money will you be spending while you wait to board your next plane?
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Forget everything you've learnt about bidding this property season
1 Mar 2018
Do you have a bidding type? Whether it’s strong and silent, loud and aggressive, or piping up at the last minute with your strongest bid - having a particular bidding style may not always play in your favour.
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Borrower beware: The simple mistake that could cost borrowers thousands
16 Feb 2018
Banks are luring first homebuyers with seemingly generous honeymoon rate deals ahead of autumn property season, yet mortgage holders could be thousands of dollars out of pocket if they don’t check the fine print according to Mozo.com.au.
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4 in 10 cardholders racking up credit card debt on everyday necessities
8 Feb 2018
Many Australians are using their credit card to make ends meet with new research from Mozo.com.au revealing nearly 40% of credit cardholders have amassed debt paying for day to day necessities like groceries and bills.
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Lender competition heats up ahead of home loan season as RBA holds
6 Feb 2018
Competition in the home loan market is heating up ahead of autumn property season despite the Reserve Bank leaving rates on hold at the first meeting of the year, according to Mozo.com.au.
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Savvy energy switches can save up to $1300 after Jan 1 price changes
5 Feb 2018
The ringing in of the new year means changes to the household power bill for Victorians, with Victorian energy retailers rolling out their annual January 1 price updates.
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It’s Groundhog Day! The financial mistakes costing Australians year after year
2 Feb 2018
Many Australians start the New Year with good intentions of getting on top of finances, but by the time February rolls around it’s easy to settle back into old habits. New research by Mozo.com.au reveals that Australians are blowing hundreds of dollars each year by falling prey to the same financial mistakes they swore off in the New Year.
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The most wallet friendly ways to get fit in 2018
31 Jan 2018
Wednesday 31 January 2018: With the New Year comes a long list of resolutions like being savvy with your finances, kicking a bad habit to the curb and of course getting physically fit – but it can come at a cost. New research from Mozo.com.au reveals that Australians resolving to get fit in 2018 could be running up thousands of dollars in costs over the coming year.
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From prepackaged to home packed - lunchbox snack savings total more than $1000
30 Jan 2018
The cost of convenience can hit Aussie parents hard when school goes back this year with pre-packaged snacks like cheese and crackers, yoghurt and sultanas costing hundreds of dollars more than simple DIY alternatives, says comparison site Mozo.com.au.
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From prepackaged to home packed - lunchbox snack savings total more than $1000
30 Jan 2018
The cost of convenience can hit Aussie parents hard when school goes back this year with pre-packaged snacks like cheese and crackers, yoghurt and sultanas costing hundreds of dollars more than simple DIY alternatives, says comparison site Mozo.com.au.
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The big four banks slash savings account rates
18 Jan 2018
The big four banks have dealt a blow to the nation’s new year savings resolutions by slashing interest rates on mainstream savings accounts, according to comparison site Mozo.com.au.
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How to avoid the most common financial pitfalls in 2018
15 Jan 2018
With a new year comes a long list of resolutions, with many Australians vowing to get financially fit and sort out their undesirable money habits, once and for all.
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Disappearing ATM’s, lower bank fees and self-service banks – the 10 big changes you’ll see in 2018
15 Jan 2018
Comparison site Mozo.com.au has gazed into its crystal ball to uncover the biggest changes we can expect to see in the world of banking over the coming year.
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Hobart the star performer, Sydney to dip and Melbourne to enjoy steady growth
3 Jan 2018
When crystal ball gazing property trends in 2018, Mozo property expert Steve Jovcevski expects prices to further cool in the major housing market of Sydney, while Melbourne will enjoy a spike in property value. Brisbane houses should slowly increase while Hobart will continue to be the star performer.
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New Year’s resolutions could bank an extra $30K in 2018
22 Dec 2017
With the New Year comes a raft of new resolutions. For those looking to save extra cash in 2018, Mozo.com.au has calculated the savings from a range of resolutions Aussies will be making on New Year’s Day. When analysing potential savings, Mozo found those who stick to their guns could save enough money in 2018 to put away $30,000.
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The avoidable tourist traps costing overseas travellers over $440 a year
22 Dec 2017
Australian travellers are losing an average of $448 a year while holidaying abroad on avoidable money drainers including dining out at pricey tourist hotspots, poor exchange rates, mobile phone roaming charges and overseas medical treatment expenses, according to Mozo.com.au.
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Holidaymakers paying up to three times more for booking travel insurance through airlines
22 Nov 2017
Travellers should think twice before ticking the travel insurance add-on box when booking flights and holidays, or risk paying up to 205% more, a new mystery shop by Mozo.com.au reveals.
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Victorian households urged to shop around before fixing their energy rate
19 Nov 2017
Victorian households are being urged not to rush into freezing their energy tariff with an analysis by Mozo.com.au revealing that the average annual savings from switching to a better energy deal have more than doubled in the past 12 months.
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Rate competition heats up as housing prices start to cool
13 Nov 2017
Lenders are once again competing fiercely on interest rates with first homebuyers to be among the biggest winners, according to Mozo.com.au.
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Aussies zapped with power price increases of up to 29% in 12 months, but bigger switching savings can ease the pain
31 Oct 2017
Australian households are paying up to 29% more for electricity than this time last year, yet the average savings to be made by switching to a better energy deal have more than doubled in some states the past 12 months, according to new analysis by Mozo.com.au.
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Australia’s 10 biggest money wasters are costing households over $5,000 a year
23 Oct 2017
Australians households are losing over $5000 per year on avoidable spending habits including bank fees, credit card interest charges, ATM charges, wasted food and vices like gambling and smoking.
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It pays to haggle - Big 4 mystery shop results in major home loan discounts
10 Oct 2017
Ask and you shall receive is the lesson that every big bank customer should remember when shopping for a home loan. The annual mystery shop by financial comparison site Mozo.com.au has revealed the Big 4 are offering discounts of up to 0.82% to those willing to ask for a better deal.
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NAB axes American Express credit cards and drops existing points earning rewards rates by up to 47%
10 Oct 2017
NAB has announced they will no longer be offering new American Express cards, effective 13 November 2017 and NAB American Express cards will be phased out completely by 21 February 2018. There will also be a major shake-up of NAB rewards credit cards effective from November 13, which will see points earn rates plummet by up to 47% on the NAB Qantas Rewards Premium Card and NAB Velocity Rewards Premium Card, says Mozo.com.au.
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Australia's rentvestment hotspot
4 Oct 2017
Mozo has gazed into the crystal ball and analysed every suburb in Australia to select the country’s best rentvestment hotspots. Considering factors such as vacancy rates, property price movement, house supply and yield, every suburb was assessed for quality of investment.
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How to save $100 every week until Christmas
30 Sep 2017
With Christmas now just 12 weeks away, Australians should start thinking about how they are planning to cushion the financial blow of the silly season.
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Australia’s metro men
19 Sep 2017
Australians are keeping up with appearances; dropping an astounding $32.9 billion a year on looking good, according to new research by financial comparison site Mozo.com.au.
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Lender competition driving home loan rates down this spring
18 Sep 2017
Competition between lenders for ‘desirable’ mortgage customers is driving home loan rates down this spring property season, according to Mozo.com.au.
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The Bank of Mum and Dad the fifth biggest lender in Australia
6 Sep 2017
The Bank of Mum and Dad is now the nation’s fifth largest mortgage lender, according to new research from financial comparison website Mozo.com.au. Sitting behind the big four banks – ANZ, Commonwealth Bank, NAB and Westpac, the Bank of Mum and Dad’s ranking indicates a shift in funding, with many first home buyers unable to independently take their first step on to the property ladder.
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The wrong energy provider could cost you up to 2k annually
30 Aug 2017
To help Australians get a better deal on their energy bills, comparison site Mozo.com.au today revealed the winners in its Experts Choice Residential Electricity Awards.
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Another blow for savers as top rates slashed
21 Aug 2017
The nation’s savers are feeling the pain of a new round of rate cuts with 10 banks cutting savings account interest rates since 1 July, including market leader ME.
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Australians eating away savings, spending a whopping $4 billion on food and drink per month
21 Aug 2017
Australians will spend a staggering $145 billion on lifestyle in 2017, according to new research from financial comparison website Mozo.com.au. The survey of Australian adults’ spending habits revealed we’re opting for food and drink on the go, which is burning a hefty hole in our pockets.
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Average rewards card delivers just $27 in annual value
15 Aug 2017
The Reserve Bank’s interchange fee reforms have resulted in a stunning 63% drop in the value offered by the average rewards credit card, new research by Mozo reveals.
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Aussies hesitant to switch providers despite huge savings of up **to $1,086 a year on energy bills
6 Jul 2017
With power price hikes to hit from July 1, Aussie households are three times more likely to cut back on their usage to deal with higher energy bills than switch to a cheaper plan, despite annual savings of over $1,000 on offer for those prepared to switch energy providers, according to Mozo.com.au.
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Aussies sacrifice banking value for convenience
4 Jul 2017
Four out of five Australians have more than one product with their main bank but less than a third of them say they get better value for these products, according to new research from financial comparison site Mozo.com.au.
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Australia’s favourite insurance providers revealed
20 Jun 2017
The country’s favourite home and car insurance providers have been revealed in a national survey by financial comparison site Mozo.com.au as part of its annual People’s Choice Insurance Awards
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Australian households paying close to $500 in bank fees each year
16 Jun 2017
The average Aussie household is being whacked with close to $500 in bank fees each year, an analysis of Reserve Bank data by financial comparison site Mozo.com.au has revealed.
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Savers in the red as interest rates fail to keep up with inflation
14 Jun 2017
With inflation going up and banks slashing deposit rates, financial comparison site Mozo.com.au says there are now no savings accounts with an interest rate high enough to keep savers ahead of tax and inflation.
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Australia’s favourite banks revealed
14 Jun 2017
The country’s favourite banking providers have been revealed in a national survey as part of the annual Mozo’s People’s Choice Banking Awards
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Switching energy providers before the big chill could save $810 annually
1 Jun 2017
The approach of winter will see the average household energy bill rise by more than 20 per cent, but Australians can avoid winter bill shock and save up to $810 a year by switching energy providers, according to new research from energy comparison site Mozo.com.au
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Borrowers lose over $3,000 in annual savings by shunning online lenders
23 May 2017
Aussies are missing out on savings of up to $3,184 a year by shunning online lenders in favour of the big banks according to financial comparison site Mozo.com.au.
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Borrowers could pay $40 extra a month to plug levy profit gap
14 May 2017
Australia’s five biggest banks could hike variable rates across the board by as much as 21 basis points in a bid to recover the shortfall left by the new levy introduced in Wednesday’s Federal Budget, according to financial comparison site Mozo.com.au
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NAB and Westpac join rewards cards cutting frenzy with earn rates to drop by 30%
2 May 2017
American Express companion cards are once again on the big bank chopping block with NAB and Westpac announcing changes effective 1 July which will see points earn rates plummet by up to 30%, according to financial comparison site Mozo.com.au.
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Big 4 banks sting Aussies sending money overseas
27 Apr 2017
Savvy money senders can make big savings by avoiding the Big 4 banks and using specialist online money transfer providers which are 5.4% cheaper on average, according to a review by financial comparison site Mozo.com.au.
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Banks cash in on your overseas holiday
19 Apr 2017
Australians planning an overseas holiday could be stung by hundreds of dollars worth of bank fees if they don’t choose their travel money card carefully, according to a recent analysis by financial comparison site Mozo.com.au.
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Survey suggests Aussies ready to abandon rewards credit cards
18 Apr 2017
The majority of rewards credit cardholders believe it takes too long to earn enough points for a worthwhile reward and close to two-thirds say they would ditch their rewards card if the value dropped further, according to a new consumer survey by Mozo.com.au.
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Kinder delivers big surprise this Easter with 288% gift pack markup
7 Apr 2017
The Easter bunny could be shelling out wads of cash this year with a stash of new Easter novelty treats costing as much as 288% more than regular chocolate, according to financial comparison site Mozo.com.au.
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New APRA rules curbing interest only loans show lenders haven’t done enough to dampen investor frenzy
31 Mar 2017
The Big 4 Banks have dramatically widened the interest rate gap between interest only loans and principal and interest loans over the past year, with analysis of APRA data by Mozo.com.au showing that interest only rates are now up to 22 basis points higher.
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Don’t lose interest in your kids’ savings
29 Mar 2017
Parents are being urged to check the interest rate and deposit conditions of their kids’ savings accounts as new analysis by financial comparison site Mozo.com.au reveals that there is not a one size fits all approach when it comes to kids savings returns.
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Low interest accounts costing SMSF owners thousands
13 Mar 2017
Self Managed Super Fund (SMSF) owners are missing out on thousands in interest savings by keeping cash parked in big bank savings accounts according to recent analysis by financial comparison site Mozo.com.au.
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ANZ rewards cards shake-up sees points earn rate plummet up to 62%
1 Mar 2017
ANZ has announced a major shake-up of its rewards credit cards effective today which will see points earn rates plummet by up to 62% once high-earning American Express companion cards are removed, says Mozo.com.au.
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One in five savings accounts now paying less than the Reserve Bank cash rate
23 Feb 2017
Savings account rates are tumbling in 2017, with more than 20% of savings accounts now paying less than the Reserve Bank cash rate of 1.50%, according to Mozo.com.au
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Australia’s best value savings, bank accounts and term deposits revealed
20 Feb 2017
Savers are being urged to look beyond the major players before parking their money in a deposit account after Mozo.com.au found the majority of the country’s best value deposit accounts are from mutuals and challenger banks.
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DIY lunchbox snack hacks help parents save hundreds by avoiding multipack mark-ups
14 Feb 2017
Aussie parents are set to be stung by the high cost of convenience this school year with pre-packaged snacks like boxes of sultanas, yoghurt and cheese and crackers costing hundreds of dollars more than simple DIY alternatives, according to Mozo.com.au.
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Big 4 banks fattened margins in all retail banking categories bar one in 2016
25 Jan 2017
After crying poor over cost of funding pressures and shareholder obligations throughout 2016, the Big 4 banks increased margins across nearly all retail banking categories according to new analysis by financial comparison site Mozo.com.au.
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Overspenders save up to $710 in interest charges with top balance transfer deals
17 Jan 2017
Shoppers hurting from the festive spending frenzy can save up to $710 on interest charges by choosing one of the top balance transfer deals, according to financial comparison site Mozo.com.au which is forecasting the national post-Christmas credit card bill will top $32 billion.
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$4,000 for kit and cavoodle – the true cost of furry presents this Christmas
22 Dec 2016
Designer pets could be setting Santa back over $4,000 between the cost of the pet and its basic needs like vaccinations, food, toys and bedding, says financial comparison site Mozo.com.au.
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Want a free flight with that festive credit card spend? Think again
17 Dec 2016
Rewards credit card holders expecting to ring up ripper rewards on their festive season spending may be in for a shock, with new research from Mozo.com.au revealing that 55% of rewards credit cards have become less rewarding in 2016.
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Aussies could blow $2.5 billion on bad air-con habits this summer
13 Dec 2016
Two-thirds of Australians who have air-conditioning are guilty of bill-boosting habits like leaving the air-con on while they are out so the house is cool when they get home, and running the AC while doors and windows are open, according to new research from Mozo.com.au.
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Bleak outlook for investor loan rates as APRA crack down continues to bite
8 Dec 2016
Investors are paying up to 65 basis points more than owner-occupiers, with new research from Mozo.com.au revealing that 85 per cent of lenders now charge higher interest rates on their investor loans.
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Australia’s crappiest Christmas present revealed: THE EMOJI POO PILLOW
7 Dec 2016
A pillow shaped like the infamous smiling poo emoji has been voted Australia’s stupidest Christmas present, followed closely by The No Button and toast-shaped USB plug-in hand warmers, in a nationally representative survey by Mozo.com.au.
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Banks entice consumers with credit card sign up perks ahead of record $28B Christmas credit splurge
28 Nov 2016
Credit card providers are enticing consumers with big sign up bonuses such as cashbacks, gift cards and free flights ahead of the Christmas splurge, which Mozo.com.au predicts will hit a record $28.2 billion this December.
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Mutuals sweep best value personal loan awards
22 Nov 2016
Borrowers are being urged to look beyond the big players when shopping around for a personal loan according to the results of this year’s Mozo Experts Choice Personal Loan Awards.
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Haggle and save $1,500 on bills and interest
10 Nov 2016
Aussies are being urged to haggle on their bills and banking products with new research revealing the majority of people don’t bother asking for a discount on the likes of home loans, credit cards, car insurance and internet plans, despite there being total savings of $1,500 on offer for those who haggle, according to financial comparison site Mozo.com.au.
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Australia’s best value credit cards revealed
25 Oct 2016
To help consumers navigate the credit card world and save money, financial comparison site Mozo.com.au has revealed the country’s best value credit cards in its annual Experts Choice Awards.
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Let them eat avocado toast: first home buyers will never save a deposit in Sydney or Melbourne
19 Oct 2016
With debate raging over whether millennials should give up their café brunches and start saving their pennies, a new analysis by Mozo.com.au has revealed that first home buyers saving 10% of their income each month will never save enough for a deposit in Sydney or Melbourne.
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Big 4 mystery shop reveals big discounts for home loan hagglers
17 Oct 2016
Big bank customers are being urged to haggle on their home loan with the annual mystery shop by financial comparison site Mozo.com.au revealing the Big 4 are offering discounts of up to 1.45% to those willing to ask for a better deal.
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Biggest property turnoffs revealed: damp, dark and no parking
1 Oct 2016
Home sellers are being urged to make small improvements like fixing damp and improving lighting with new research from Mozo.com.au revealing mould and dark rooms are among the top turnoffs for prospective home buyers.
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Mozo reveals best value electricity plans in NSW
29 Sep 2016
To help Australians get a better deal on their energy bills, comparison site Mozo.com.au today revealed the winners in its inaugural Experts Choice Residential Electricity Awards.
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Mozo reveals best value electricity plans in Victoria
29 Sep 2016
To help Australians get a better deal on their energy bills, comparison site Mozo.com.au today revealed the winners in its inaugural Experts Choice Residential Electricity Awards.
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Average rewards credit card delivers just $6 value each month
26 Sep 2016
The true value of rewards credit cards has continued to deteriorate with an annual survey by Mozo.com.au revealing the average rewards card now returns just $72 of real value per year, down from $88 last year.
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$22 billion: the annual cost of vanity
22 Sep 2016
Aussies are spending $22 billion a year on their appearance with professional hair colouring and skincare products draining the most cash, according to new research from financial comparison site Mozo.com.au.
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Ultra low savings interest rates dull tax refund delight
1 Sep 2016
With tax refunds flooding into bank accounts, financial comparison site Mozo.com.au has crunched the numbers on how taxpayers can make the most of their tax refund in an ultra-low interest rates era.
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Credit card holders gouged $3B as just one bank passes through August rate cut
12 Aug 2016
Just one bank has announced it will pass through the August RBA rate cut to credit card holders so far, with the majority of banks continuing a five-year trend of withholding rate cuts that has denied card holders nearly $3 billion in savings on their int
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Big cuts by small lenders while Big 4 laugh all the way to the bank
3 Aug 2016
Challenger banks are leading the response to the RBA’s second rate cut this year with Bank Australia and Bank of Sydney to pass on the full 25 basis point rate cut as the Big 4 hold back up to 15 basis points, says Mozo.com.au.
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Big 4 urged to pass the cut on fast and in full after pocketing hundreds of millions since May
2 Aug 2016
The Big 4 banks are being urged to pass on today’s RBA rate cut fast and in full or risk losing their loyal borrowers who are likely to be pursued with aggressively low rates from non-bank lenders, says Mozo.com.au.
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Tasmania revealed as worst state to have bought property this century
30 Jul 2016
The vast majority of Australian suburbs have undergone real increases in median house prices after inflation this century, with the big exception of Tasmania where nearly 6 in 10 of suburbs lost value, according to an analysis by financial comparison site
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Smaller lenders have big banks beat on home loan value
7 Jul 2016
Nearly 9 in 10 (88 per cent) of the best value home loans in the market right now are from small and non-bank lenders, according to Mozo.com.au.
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Aussies sacrifice banking value for convenience
4 Jul 2016
Four out of five Australians have more than one product with their main bank but less than a third of them say they get better value for these products, according to new research from financial comparison site Mozo.com.au.
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Buying travel insurance last minute leaves sun seekers at risk
21 Jun 2016
Travellers heading overseas to escape the cold are being urged not to wait to the last minute to purchase their travel insurance with comparison site Mozo.com.au finding 1 in 4 delay buying insurance until the week before they set off.
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First home buyers could borrow up to $40,000 more with top rates from non-majors
17 Jun 2016
Small, online and non-bank lenders have dominated the Mozo Experts Choice Awards with rates that are so competitive they could potentially give a first home buyer the edge in an auction.
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Aussies frittering $12 billion a month on lifestyle
16 Jun 2016
The cost of lifestyle is a staggering $144 billion a year according to new research from Mozo.com.au which shows that vices such as cigarettes, gambling and drinks at the pub account for one-fifth of the money Aussies fritter away.
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Savers suffer as banks slash rates
20 May 2016
Mozo.com.au says savers should consider stashing their cash in a term deposit account now, with banks cutting rates on savings accounts and experts predicting another rate cut this year.
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Survey reveals consumer dissatisfaction with rewards cards
10 May 2016
The majority of rewards credit cardholders believe rewards programs deliver poor value, and nearly two-thirds would cancel their card if the provider further slashed the value of their program, according to a consumer survey by Mozo.com.au.
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Big Banks gouge Aussies sending money overseas
24 Apr 2016
Online international money transfer providers offer the best value for Aussies sending money overseas, with a review by comparison site Mozo.com.au revealing they are on average 5.2% cheaper than the Big 4 banks.
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Darwin ranked third most lifestyle- friendly capital city
12 Apr 2016
Darwin has come in third in a Mozo.com.au ranking of the most lifestyle-friendly capital cities due to a combination of above average household incomes and mortgage repayments much lower than bottom-placed Sydney.
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Canberra ranked second most lifestyle- friendly capital city
12 Apr 2016
The national capital has come second in a Mozo.com.au ranking of the most lifestyle-friendly capital cities due to a combination of high average household incomes and mortgage repayments much lower than bottom-placed Sydney.
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Sydney the least lifestyle-friendly capital city
12 Apr 2016
Sydney has come dead last in a Mozo.com.au ranking of the most lifestyle-friendly capital cities, with massive mortgage repayments draining incomes that just scrape above the national average
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Borrowers advised to fix to avoid variable rate hikes
5 Apr 2016
Mozo.com.au says home borrowers should consider fixing loans with experts predicting more out of cycle rate hikes are likely, despite the RBA holding on record low rates.
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Rewards credit cardholders being dealt a poor hand
20 Mar 2016
A new survey from Mozo.com.au reveals rewards credit cardholders believe they’re being dealt a poor hand with 7 out of 10 saying it takes too long to earn anything worthwhile.
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Perth named best capital city to save a home deposit
20 Mar 2016
Perth has been named the best city to save a home deposit with Mozo.com.au finding households there enjoy the highest average income as well as rent well below the national average.
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Easter Bunny hopping mad over chocolate markups
18 Mar 2016
Easter chocolate gift sets have eggs-orbitant markups of up to 233% compared with regular block chocolate, says comparison site Mozo.com.au.
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Parents fork out over $700 per child for lunchbox snack multipack convenience
24 Jan 2016
Aussie parents are paying a hefty price for convenience with pre-packed lunchbox snacks costing up to $716 more per child over the school year, according to comparison site Mozo.com.au.
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Ponies lead the pack in pet cost comparison at $17,000
23 Dec 2015
Santa should carefully consider the costs to set up and maintain pet presents, with a Mozo.com.au comparison revealing the most premium pet, a pony, could cost $17,000 in the first year alone.
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Festive debt to top $32B as banks play grinch on rates
16 Dec 2015
Aussie credit cardholders will be slugged with a $470M Christmas interest bill as the banks play Grinch on rates, according to new analysis from financial comparison site Mozo.com.au.
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Loyalty to cost Big Bank customers $6 billion each year
30 Oct 2015
Borrowers sticking with a Big 4 bank despite recent rate hikes are missing out on a collective $6.08 billion of savings each year or $17 million a day, according to comparison site Mozo.com.au.
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Mozo Awards Australia's Favourite Banks
28 Oct 2015
Mozo has today announced Australia's favourite banking providers, based on reviews from almost 35,000 customers over the past 12 months as part of Mozo's People's Choice Banking Awards.
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Don't get caught short at travel insurance claim time
20 Oct 2015
As Australians begin planning their overseas jaunts for the Christmas break now's the time to carefully consider your travel insurance and avoid headaches come claim time.
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More rate hikes to follow Westpac move
14 Oct 2015
Westpac's move to increase interest rates on its owner occupier loans will be the first from many lenders, according to comparison site Mozo.com.au.
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Gap widens between Big 4 and best variable rates
22 Sep 2015
The gap between the average Big 4 variable home loan rate and the best offer on market has widened since September 2014, proving a Spring home loan 'sale' is well underway, according to Mozo.com.au.
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Households Brace for Winter Bill Chill
8 Sep 2015
One in two Australian households have received bigger than usual electricity bills thanks to the coldest winter hitting the south-eastern states in between 5 and 26 years, according to energy comparison site, Mozo.com.au.
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Credit card minimum repayments obsolete: Mozo
3 Sep 2015
Almost half of all credit cards will take more than 100 years to pay off based on minimum repayments annual fees, according to Mozo.com.au.
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Banks set to do battle over owner occupier loans
1 Sep 2015
Lenders are set to do battle over home loans to owner occupiers as the spring property season kicks off with over 50 rate cuts in the past month alone, according to Mozo.com.au.
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Households pay more for electricity than neighbours
26 Aug 2015
Australian households are being punished with higher electricity bills based on charges dictated by their distributor, according to Mozo.com.au.
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True cost of a credit card much higher than consumers think
11 Aug 2015
The annual cost of a credit card during its honeymoon period and the ongoing reality can vary by as much as $676, according to comparison site, Mozo.com.au, in the lead up to a Senate Inquiry into credit card rates.
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Average Rewards Credit Card delivers just $7.30 value each month
10 Aug 2015
Australians are living in a false reality about the value of their rewards credit card according to financial comparison site, Mozo.com.au, with the average card delivering just over seven dollars of real value each month.
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Aussies saving 25% less than 3 years ago
7 Aug 2015
Australians are saving 25% or $535 less each quarter than they were in 2012, according to financial comparison site, Mozo.com.au.
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First homebuyers face a decade of saving to bridge the ‘deposit gap’
25 Jul 2015
Aussie first homebuyers need to save consistently for a decade to muster the average $113,000 property deposit, according to calculations by Mozo.com.au.
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Mozo names Australia’s Best Value Travel Insurers
18 Jun 2015
The country’s Best Value Travel Insurers have been named as part Mozo’s annual Experts Choice Travel Insurance Awards.
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Borrowers flock to small, online lenders to save
11 Jun 2015
Eighty six per cent of the best value home loans on the market right now are from credit unions, online and small bank lenders while the Big 4 banks don’t rate a mention, according to comparison site Mozo.com.au.
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Travellers naively buying insurance at the last minute
7 May 2015
One in five travellers (19%) are buying their travel insurance within a week of their travel departure date, according to comparison site, Mozo.com.au.
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What a 2% cash rate means in other parts of the world
6 May 2015
With the official cash rate cut to 2.0% yesterday, comparison site Mozo has found we now have more in common with Albania, Romania and the Middle East than the likes of the UK, US and New Zealand.
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Big 4 Fleecing us on Overseas Money Transfers
4 May 2015
The price difference between a money transfer with the Big 4 versus a specialist provider can be up to $1,010 on a typical $10,000 transaction, according to money transfer comparison site Mozo.com.au.
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Go West and save yourself form a Monster Mortgag
27 Apr 2015
First Homebuyers should be more open to buying in new, outlying suburbs in order to maintain affordability, according to comparison site, Mozo.com.au.
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Want the great Aussie dream and a life? Move to Canberra
12 Mar 2015
The country’s capital is the best place to buy a property and still have enough disposable income to have a life, according to calculations by comparison site, Mozo.com.au.
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Copping the cost of Christmas
12 Feb 2015
Four in ten Australians are still feeling the pain of Christmas overspending, according to a new "Cost of Christmas" survey undertaken by financial comparison site, Mozo.com.au.
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Aussie savers bear the brunt of rate cuts
9 Feb 2015
Interest rates on savings accounts are hitting an average low of 2.99% as banks counterbalance low home loan rates. According to Mozo.com.au there are 21 accounts paying less than one per cent interest.
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Home Loan rates to drop below 4% in 2015: Mozo.com.au
3 Feb 2015
Variable home loan rates could drop below the 4% mark for the first time, should the Reserve Bank make two 25 basis point cuts to the official cash rate this year, as predicted by comparison site, Mozo.com.au.
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Shoppers pay a premium for a Celebrity Chef Christmas
15 Dec 2014
Aussie families wanting to host Christmas with a celebrity flavour could pay twice as much for mince pies, Christmas puddings and other festive treats, according to comparison site, Mozo.com.au.
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RBA holds but lenders drive down home loan rates
2 Dec 2014
The Reserve Bank has kept rates on hold again, but borrowers are benefitting from a frenzy of pre-Christmas rate cutting that is driving variable home loan rates to new record lows.
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Going on holidays? Don’t even think about kicking a footy
12 Nov 2014
Not being covered for abseiling or heli-skiing while you’re on holidays is not surprising. But getting injured by kicking a footy with your mates at the beach could see you footing a hefty hospital bill.
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Cash not so crass as modern day wedding gift
7 Nov 2014
The days of wedding registries and multiple kitchen appliances are dwindling with Australians preferring to receive cash as they head down the aisle, according to comparison site, Mozo.com.au
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Gen Y want to tap super to fund first home
13 Oct 2014
Almost half of Gen Y first homebuyers (47%) say they want early access to their superannuation or for their employer to salary sacrifice in order to fund their first home purchase, according to research by financial comparison site Mozo.com.au.
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Big 4 Give More Bank for Buck
29 Sep 2014
Bank bashing is officially a thing of the past, with the big four banks enjoying their highest levels of popularity in the five-year history of the Mozo People’s Choice Banking Awards.
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CHEAPER TO FLY OVERSEAS THAN MAKE AN INTERNATIONAL TRANSFER
8 Sep 2014
Savings made by shopping around for your international money transfer could save you hundreds – in some cases the cost of an overseas flight.
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ONE IN FOUR REWARDS CREDIT CARDS LOSING YOU MONEY
27 Aug 2014
One in four rewards credit cards now lose you money each year, according to new research by financial comparison site Mozo.com.au that calls into question the true value of rewards schemes on credit cards.
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REPLACING SIGNATURES THE RIGHT MOVE: MOZO
29 Jul 2014
Friday’s change from signature to PIN at the point of sale is only a good thing for credit card users, says Kirsty Lamont from financial comparison website Mozo.com.au.
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Online loans could save borrowers $2,000 each year
27 Jul 2014
Australian borrowers could be saving more than $2,000 each year by choosing online lenders instead of the big banks, according to research by Mozo.com.au for its 2014 Home Loan Experts Choice Awards.
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COMMBANK AND MORTGAGE HOUSE SPARK FIXED RATE HOME LOAN WAR
23 Jul 2014
Borrowers are set to benefit from a fixed rate home loan war, with Commonwealth Bank and Mortgage House today slashing their five-year fixed home loan rates to as low as 4.99% and 4.97% respectively.
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Customers stung as ATM reforms fail
14 Jul 2014
Australians are being stung by rising ATM fees just five years after the RBA tried to rein in the banks and lower the cost according to new research from financial comparison website Mozo.com.au.
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Credit Card Alert: monster rates and ferocious fees
23 Jun 2014
An explosion of premium plastic onto the Australian credit card market is driving card margins to record highs and causing concern for debt laden households in the wake of the shock budget, according to new research from financial comparison website Mozo.
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Sky high travel insurance rip-off wrecks holidays
7 Jun 2014
Australians are paying up to three times too much for their travel insurance by booking it through airlines and travel agents instead of shopping around, according to new research from financial comparison website Mozo.com.au.
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Red alert for savers as rates fall further
8 May 2014
Financial comparison website Mozo.com.au is issuing a red alert for Aussie savers to “start rate-tarting” or risk seeing their savings eroded by falling rates and increasing inflation, after new research shows that only 7 out of 111 accounts offer enough
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