Highest paying ‘side hustle’ in Australia revealed

It’s been billed Australia’s “highest paying side hustle”. And it’s comparing household bill providers, with Canstar suggesting it could take just three hours of work for savings exceeding $11,300 a year. Many Aussies have never switched providers but the average family of four could save around $4,474 just by haggling, shopping around or refinancing core bills, according to Canstar. The comparison group said savings were often available even for those who did not switch providers and merely threatening to leave often resulted in improved rates. Canstar data insights director Sally Tindall said households needed to “break up the loyalty bandwagon,” with survey data showing half of all home loan borrowers have never switched providers. MORE: Sad truth behind RBA plans for Aussies Canstar’s Sally Tindall said families are paying a ‘set and forget’ tax. Picture: Tim Hunter. “The reality is, a lot of people are still paying a ‘set and forget’ tax in some shape or form,” Ms Tindall said. “They signed up to a deal years ago and never looked back, even though the market has moved on,” she said. At least $1,499 in savings can come from haggling or switching home loans and another $1,040 fr...