Guardian Essential poll: most think RBA rate hikes an overreaction as shine comes off Albanese

The latest Guardian Essential poll suggests voter perceptions about which party is best placed to manage rising interest rates differs depending on whether people are mortgage holders, property owners or renters. Photograph: Rick Rycroft/AP

A majority of voters believe the Reserve Bank of Australia has overreacted in jacking up interest rates to tame inflation, and people worry economic conditions will get worse over the next 12 months, according to the latest Guardian Essential poll.

The latest survey of 1,044 voters demonstrates cost-of-living pressure is starting to bite in the community after nine consecutive cash rate hikes.