banking, banking competition, banks, competing banks, EMC, ER, essential report
Q. Do you think there needs to be more competition between Australian banks or is there enough competition?
Total | Vote Labor | Vote Lib/Nat | Vote Greens | |
There is enough competition | 21% | 21% | 25% | 13% |
Needs to be more competition | 68% | 70% | 68% | 81% |
Don’t know | 11% | 8% | 6% | 7% |
68% believe there needs to be more competition between banks and 21% think there is currently enough competition.
81% of Greens voters believe there needs to be more competition.
Younger respondents are a little more likely to think there is enough competition (27% of aged 18-34) while 76% of respondents aged 55+ think there should be more competition.