Homeowners among the happiest people in Australia: NAB survey
QUEENSLAND homeowners are among the happiest people in Australia at a time when anxiety in the community is growing, a new survey reveals.
National Australia Bank’s latest wellness index reveals those who live in and own a house or apartment have the highest level of wellbeing, after people who have pets.
Among the states, having a mortgage had the least impact on people living in Queensland (-14 per cent) and the greatest impact on those surveyed in Tasmania (-28 per cent).
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More women said having a home loan impacted their wellbeing negatively than men in all age groups, while higher income earners were more stressed having a mortgage than low income earners.
But while owning a home can contribute to overall wellbeing, renting can detract from it, with the survey revealing people who rent a house or apartment recording a below average wellbeing rating.
NAB’s wellness index rose in the March quarter to 65.2 points, but while sense of life worth, life satisfaction and happiness all improved, anxiety also increased, with 1 in 3 people (36 per cent) surveyed experiencing “high” levels of overall anxiety.
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Compiled by NAB’s economics unit, the survey quantifies how people feel across 17 factors ranging from the homes they live in, to personal safety, physical health, commute times and spare time.
Nearly a third of those surveyed had a home loan — the second most common type of debt held after credit cards.