O75 Public Administration

ANZ-Roy Morgan Consumer Confidence up 0.5pts to 87.2 as buying sentiment improves for a second straight week

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Original article by Roy Morgan
Market Research Update – Page: Online : 2-Jul-25

ANZ-Roy Morgan Consumer Confidence rose 0.5pts to 87.2 in the week to 29 June, and is now at its highest since mid-May. Consumer Confidence is now 5.9 points above the same week a year ago (81.3), and just above the 2025 weekly average of 86.5. Analysis by State shows mixed results, with Consumer Confidence up in New South Wales and South Australia, down in Queensland and Western Australia, and unchanged in Victoria. Now 17% of Australians (down 4ppts) say their families are ‘better off’ financially than this time last year, while 45% (up 1ppt) say their families are ‘worse off’. Looking forward, 28% (unchanged) of respondents expect their family to be ‘better off’ financially this time next year, while 33% (up 1ppt) expect to be ‘worse off’. Now just 11% (unchanged) of respondents expect ‘good times’ for the Australian economy over the next 12 months, while 29% (down 1ppt) expect ‘bad times’. Meanwhile, 28% (up 2ppts) of Australians say now is a ‘good time to buy’ major household items (the highest figure for this indicator so far this year), while 31% (down 2ppts) say now is a ‘bad time to buy’ (the lowest figure for this indicator since March 2022).

CORPORATES
ROY MORGAN LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

Keating says 12pc super is 25 years late but worth wait

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Original article by Phillip Coorey
The Australian Financial Review – Page: 4 : 1-Jul-25

The compulsory superannuation guarantee will rise by 0.5 per cent to 12 per cent today, following progressive increases in recent years. Former prime minister Paul Keating – considered to be one of the ‘architects’ of Australia’s super system – has welcomed the milestone but says it should have been reached in 2000. The Coalition government of the era froze the guarantee at nine per cent, a policy which remained in place until 2013. Keating contends that the delay has cost some workers up to $300,000 in retirement savings. He opposes the federal government’s proposed changes to the tax treatment of super, particularly the taxation of unrealised capital gains.

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ANZ-Roy Morgan New Zealand Consumer Confidence increases to 98.8 – highest so far this year

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Original article by Roy Morgan
Market Research Update – Page: Online : 1-Jul-25

ANZ-Roy Morgan New Zealand Consumer Confidence rose 5.9 points to 98.8 in June. The future conditions index, made up of forward-looking questions, rose 8 points to 104.8, recovering last month’s fall; the current conditions index rose 3 points to 89.8. Net perceptions of current personal financial situations rose 3 points to -13%; only 26% (up 2% points) of respondents said they are ‘better off financially’ compared to a year ago, while 39% (down 1% point) say they are ‘worse off financially’. Meanwhile, a net 20% of New Zealanders expect to be better off this time next year (up 8 points on a month ago), and a net 23% (down 2% points) expect to be worse off. A net 7% (down 3% points) of New Zealanders now think it is a ‘bad time to buy’ a major household item, whil two-year-ahead CPI inflation expectations lifted from 4.6% to 4.9%.

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ROY MORGAN LIMITED

Gas crisis: Bowen calls on reserves

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Original article by Greg Brown, Colin Packham
The Australian – Page: 1 & 2 : 1-Jul-25

The federal government will undertake a review of the east coast gas market, amid new fears that a shortage could potentially occur by the end of 2025. Climate Change and Energy Minister Chris Bowen has indicated that the government will require new gas projects to supply some of their output to the domestic market, although the policy will not affect the LNG export contracts of existing projects. The government will also consider the option of an east coast reservation scheme, which the Opposition had proposed during its ill-fated election campaign. Bowen has conceded that gas will be crucial to the energy transition, although he remains upbeat about the nation’s troubled green hydrogen industry.

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AUSTRALIA. DEPT OF CLIMATE CHANGE, ENERGY, THE ENVIRONMENT AND WATER

PM flags India as next chance for Trump meeting

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Original article by Phillip Coorey
The Australian Financial Review – Page: 5 : 1-Jul-25

Prime Minister Anthony Albanese noted on Monday that there is a lot of interest as to when he will have his first face-to-face meeting with US President Donald Trump. It had been suggested that the earliest they might meet is in the US in late September, when Albanese addresses the United Nations General Assembly in New York, but Albanese suggested that they could meet at the annual Quadrilateral Security Dialogue meeting between the leaders of the US, Japan, India and Australia; no date has yet been set for this meeting, but reports from India suggest that it could be held in early September. A meeting with Trump will give Albanese the chance to make Australia’s case on defence spending and tariffs.

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AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, UNITED NATIONS

Roy Morgan Poll: Albanese Government retains strong two-party preferred lead after US strikes on Iranian nuclear facilities: ALP 57.5% cf. L-NP 42.5%

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Original article by Roy Morgan
Market Research Update – Page: Online : 1-Jul-25

In the final week of June, and following immediately after US strikes on Iranian nuclear facilities, the ALP 57.5% has maintained a large two-party preferred lead over the L-NP Coalition 42.5%, virtually unchanged on a week earlier, the latest Roy Morgan survey finds. Interviewing for this survey began on Monday June 23 – the same day Prime Minister Anthony Albanese and Foreign Minister Penny Wong expressed support for the decision by the United States to strike the Iranian nuclear facilities and reiterated Australia’s position that Iran not be able to develop nuclear weapons. In the final week of June primary support for the ALP was at 36.5% (down 1% since early June) and clearly ahead of the Liberal-National Coalition on 30.5% (down 0.5%). Support for the Greens was unchanged on 12% and support for One Nation increased 2.5% to 8.5%. In addition, support for Independents/Other Parties was at 12.5% (down 1%).

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ROY MORGAN LIMITED, MORGAN POLL, AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN GREENS, ONE NATION PARTY

PM blowing up our defence hopes

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Original article by Ben Packham
The Australian – Page: 1 & 4 : 1-Jul-25

The federal government struck a deal with the Biden administration in 2024 to purchase $7bn worth of guided missiles for its fleet of warships. However, the deal has yet to receive final approval from the White House, and there are fears that the Trump administration could redirect the consignment of missiles to a US ally that is willing to meet its demands regarding defence spending. Prime Minister Anthony Albanese is continuing to resist pressure from the US to increase defence expenditure to 3.5 per cent of GDP; he is adamant that the government will stick with its target of just 2.3 per cent by 2033.

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AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT

Federal voting intention before US bombing of Iranian nuclear sites showed the ALP retained a strong two-party preferred lead: ALP 58% cf. L-NP 42%

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Original article by Roy Morgan
Market Research Update – Page: Online : 25-Jun-25

The latest Roy Morgan survey shows that the ALP on 58% maintained a large two-party preferred lead over the L-NP Coalition on 42% on a two-party preferred basis for the first three weeks of June. Primary support for the ALP was at 37.5% (up 0.5% since May) in the first three weeks of June, and is clearly ahead of the Liberal-National Coalition on 31% (unchanged). Support for the Greens increased 0.5% to 12% and support for One Nation was unchanged at 6%. In addition, support for Independents/Other Parties was at 13.5% (down 1%). Meanwhile, the Roy Morgan Government Confidence Rating increased 4.5 points to 101.5 during the first three weeks of June. Government Confidence is now above the neutral level of 100 for the first time since February 2023. The latest Roy Morgan survey is based on interviewing a representative cross-section of 3,957 Australian electors from 2-22 June.

CORPORATES
ROY MORGAN LIMITED, MORGAN POLL, AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN GREENS, ONE NATION PARTY

YouTube blasts eSafety chief for ban on under 16s

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Original article by Sam Buckingham-Jones
The Australian Financial Review – Page: 10 : 25-Jun-25

The federal government’s proposal to exempt YouTube from its ban on allowing children under the age of 16 to access social media continues to attract scrutiny. YouTube contends that eSafety Commissioner Julie Inman Grant has provided "inconsistent and contradictory" advice to the government in her recommendation to scrap the exemption; YouTube executive Rachel Lord notes that Inman Grant had previously expressed concern that the ban may limit young Australians’ access to ‘critical support’. Lord also argues that YouTube is a video-streaming platform rather than a social media platform.

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YOUTUBE INCORPORATED, AUSTRALIA. OFFICE OF THE ESAFETY COMMISSIONER

ANZ-Roy Morgan Inflation Expectations increased slightly to 4.7% in mid-June – up from 4.6% for the month of May

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Original article by Roy Morgan
Market Research Update – Page: Online : 25-Jun-25

The weekly ANZ-Roy Morgan Inflation Expectations were 4.7% for the week of 16-22 June, up 0.1% points from the month of May, following a volatile period for the measure in early June. A look at monthly Inflation Expectations for May 2025 shows the measure at 4.6% for the month – a decrease of 0.2% points from April and level with the near four year low reached in February 2025 (4.6%). Looking back over the last year, weekly Inflation Expectations have moved in a band of 4.2% to 5.2% since the start of May 2024 and averaged 4.8%. A look at Monthly Inflation Expectations on a State-based level for May shows mixed results, with an increase in Queensland, an unchanged result in Western Australia and falls in the four other States. The data for the Inflation Expectations series is drawn from the Roy Morgan Single Source, which has interviewed an average of around 5,300 Australians aged 14+ per month over the last decade, and includes interviews with 4,090 Australians aged 14+ in May 2025.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ