Purchasing a property ranks alongside drug abuse in reducing wellbeing, according to new NAB survey
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Purchasing a property ranks alongside drug abuse in reducing wellbeing, according to new NAB survey
Buying, selling and finding a home stands along substance abuse and victimisation in being a negative effect on Australians’ wellbeing, a new study has found.
NAB’s Wellbeing Report surveyed 2020 respondents and found worries about retirement savings, buying/selling/finding a home, substance abuse, victimisation and lack of time were (in ascending order), detrimental upon Australians’ wellbeing.
However, the ‘house you live in’ was considered the chief driver of wellbeing, respondents told NAB. It came only slightly ahead of family & personal relationships, personal safety and standard of living in being the biggest drivers of wellbeing.
If only we had more money
The happy couple leaving a brokers’ office, having snagged their dream home, is one of brokings’ favourite clichés – but NAB’s report suggests it could be a real phenomenon.
In addition to asking respondents what were the chief drivers of their wellbeing, NAB also asked whether having more money would help. Unsurprisingly, having money would not have a significant effect in dealing with substance abuse or victimisation.
Having more money did, however, have a notable positive effect upon the process of buying/selling/finding a home. More than 30% of respondents said that having more money would help their experience with property.
NAB’s Wellbeing Report also suggests that brokers’ happiest clients are likely to be couples, who have an average wellbeing score significantly above single people but behind widowers. However, the happy couple is most likely to be aged 50 or above, as this age group were far happier than any other.
Laughing all the way to the bank
Brokers may be surprised by another finding in the report; that Australians, on average, see their bank as positively affecting their wellbeing.
7% more respondents believed their relationship on a bank had a positive effect than those who saw it as negative, with high earners, capital city inhabitants and men most satisfied with their banks.
Nevertheless, the main reaction of Australians to their banks remains apathy: 53% of respondents said that banks had ‘no impact’ on their wellbeing at all.
Buying, selling and finding a home stands along substance abuse and victimisation in being a negative effect on Australians’ wellbeing, a new study has found.
NAB’s Wellbeing Report surveyed 2020 respondents and found worries about retirement savings, buying/selling/finding a home, substance abuse, victimisation and lack of time were (in ascending order), detrimental upon Australians’ wellbeing.
However, the ‘house you live in’ was considered the chief driver of wellbeing, respondents told NAB. It came only slightly ahead of family & personal relationships, personal safety and standard of living in being the biggest drivers of wellbeing.
If only we had more money
The happy couple leaving a brokers’ office, having snagged their dream home, is one of brokings’ favourite clichés – but NAB’s report suggests it could be a real phenomenon.
In addition to asking respondents what were the chief drivers of their wellbeing, NAB also asked whether having more money would help. Unsurprisingly, having money would not have a significant effect in dealing with substance abuse or victimisation.
Having more money did, however, have a notable positive effect upon the process of buying/selling/finding a home. More than 30% of respondents said that having more money would help their experience with property.
NAB’s Wellbeing Report also suggests that brokers’ happiest clients are likely to be couples, who have an average wellbeing score significantly above single people but behind widowers. However, the happy couple is most likely to be aged 50 or above, as this age group were far happier than any other.
Laughing all the way to the bank
Brokers may be surprised by another finding in the report; that Australians, on average, see their bank as positively affecting their wellbeing.
7% more respondents believed their relationship on a bank had a positive effect than those who saw it as negative, with high earners, capital city inhabitants and men most satisfied with their banks.
Nevertheless, the main reaction of Australians to their banks remains apathy: 53% of respondents said that banks had ‘no impact’ on their wellbeing at all.
