Financial issues listed by Aussies as top concern, says Roy Morgan

According to the latest Roy Morgan Research, almost half of Aussies surveyed rank economic and financial issues as the most important problems facing Australia in the future -an increase of 11% since January 2015.

  • With interest rates at record lows, now's the perfect time to compare home loans in Mozo's database here.

Of these economic and financial issues the most important was the economy, economic problems and interest rates at 15%, followed by unemployment at 13%, the gap between the rich and poor at 3%, the Federal Budget and cost of living increases both at 2%.

“The sharp increase in these issues in the last few months comes after the steep falls in the prices of several key commodities -including Australia’s biggest exports of iron ore and coal, and also as Australia prepares for the Coalition Government’s second Federal Budget in a few weeks,” said Michele Levine, CEO Roy Morgan Research.

Analysis revealed that the problems that rated as the most important differed across States with New South Wales, Western Australia, South Australia and Tasmania ranking the economy, economic problems and interest rates as the forefront concern facing Australia, whilst Victoria and Queensland viewed unemployment as the most pressing concern.

Other important problems facing Australia included social issues, politics and leadership,  religion, immigration and human rights issues followed by concern for environmental issues which has dropped to its lowest ever level in a decade at 6%.

Further research revealed terrorism, wars, security and economic and financial issues were equally rated as the most important problems facing the world in the future, despite terrorism related concerns decreasing by 16% since January.  

Levine said the large decrease in concern for terrorism related issues is “not surprising,” given the Charlie Hebdo shootings were fresh in the mind earlier in the year.

“The rise in economic and financial issues comes as the problems surrounding the Greek economy once again have come to the fore in recent months. There appears to be a high possibility of a Greek default with uncertain circumstance for the global economy in the next few months,” she said.

Home loan comparisons on Mozo - last updated 11 August 2022

Search promoted home loans below or do a full Mozo database search . Advertiser disclosure
  • Variable Home Loan 70

    interest rate
    comparison rate
    Initial monthly repayment
    3.10% p.a. variable
    3.12% p.a.

    Affordable home loan rate for buyers or refinancers.. No monthly or ongoing fees. Option to add an offset for 0.10%. Access to savings with unlimited redraws available. Minimum 30% deposit required.

    Details
  • Unloan Variable

    Owner Occupier, Refinance Only

    interest rate
    comparison rate
    Initial monthly repayment
    3.14% p.a. variable
    3.06% p.a.

    For refinancers only. Built by CommBank, the Unloan is the first home loan with an increasing discount (conditions apply) for borrowers. No application or banking fees. No monthly account keeping or early exit fees. Apply in as little as 10 minutes.

    Details
  • PAYG Home Loan

    Owner Occupier, Principal & Interest, LVR<80%

    interest rate
    comparison rate
    Initial monthly repayment
    3.29% p.a. variable
    3.33% p.a.

    Low variable rate. Ideal for new home buyers or refinancers. Unlimited additional repayments. Unlimited free redraw. Application completely online. Optional 100% offset can be added for $120 p.a.. 20% deposit required.

    Details
  • Celebrate Variable Home Loan

    <60% LVR, Owner Occupier, Principal & Interest

    interest rate
    comparison rate
    Initial monthly repayment
    3.79% p.a. variable
    3.79% p.a.

    Fast and efficient online application. Automatic discounts as loan is paid down. Free extra repayments and redraw facility. Zero fees. Min 40% deposit required.

    Details

* WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

** Initial monthly repayment figures are estimates only, based on the advertised rate, loan amount and term entered. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.

^See information about the Mozo Experts Choice Home Loan Awards

Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.