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Financial circumstances in City of Banyule in 2023

The section reports on your residents’ current and future personal financial circumstances, their ability to meet commitments and how they feel about the future economic prospects of their local area. It gives you the capability to explore how your residents’ views regarding their health compare beyond, across and within your LGA.

City of Banyule Current Financial Circumstances
Australia: 2023
6.1
Victoria: 2023
6.2
Metropolitan Australia: 2023
6.1
Melbourne: 2023
6.2
Collected July 2023

City of Banyule residents rated their current Personal Financial Circumstances an average of 6.5 out of 10, higher than Australia: 2023 (6.1), Victoria: 2023 (6.2), Metropolitan Australia: 2023 (6.1), and Melbourne: 2023 (6.2).

Residents rated their current personal financial circumstances an average of 6.5 out of 10. When asked about the future, 17% forecast that their personal financial circumstances will get better in 12 months and 26% believe they will get worse.
How would you rate your personal financial circumstances?
Do you think your personal financial circumstance will get worse, stay the same or get better over the next year?
City of Banyule 2023 (n = 1345)
6.5
Very poor
Excellent
City of Banyule 2023 (n = 1345)
26%
56%
17%
Get worse
Stay the same
Get better
How often, if ever, are you late meeting your financial commitments?
Do you think the economic situation in your local area will get worse, stay the same or get better over the next year?
City of Banyule 2023
Always late
0%
Often late
4%
Sometimes late
24%
Never late
72%
City of Banyule 2023 (n = 1345)
44%
49%
7%
Get worse
Stay the same
Get better