ECONOMIC INDICATORS – AUSTRALIA

ANZ-Roy Morgan Consumer Confidence drops 1pt to 83.5 after higher-than-expected ABS CPI for September quarter and in the week the RBA left interest rates unchanged

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Original article by Roy Morgan
Market Research Update – Page: Online : 12-Nov-25

ANZ-Roy Morgan Consumer Confidence fell 1pt to 83.5 in the week to 9 November; it is now 3.2pts lower than a year ago (86.7), and 3pts below the 2025 weekly average of 86.5. Analysis by State shows mixed results, with Consumer Confidence down in New South Wales, Queensland and South Australia, but up in Victoria and Western Australia. Now 21% of Australians (down 1ppt) say their families are ‘better off’ financially than this time last year, while 44% (up 2ppts) say their families are ‘worse off’. Looking forward, 28% (up 2ppts) of respondents expect their family to be ‘better off’ financially this time next year, while 31% (down 2ppts) expect to be ‘worse off’. Meanwhile, 8% (down 2ppts) of respondents expect ‘good times’ for the Australian economy over the next 12 months, while 30% (down 2ppts) expect ‘bad times’. Only 20% (down 1ppt) of Australians say now is a ‘good time to buy’ major household items, while 37% (up 2ppts) say now is a ‘bad time to buy’.

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

ANZ-Roy Morgan Consumer Confidence drops 1.3pts to 84.5 after higher-than-expected ABS CPI for September quarter ends speculation about more interest rate cuts this year

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Original article by Roy Morgan
Market Research Update – Page: Online : 5-Nov-25

ANZ-Roy Morgan Consumer Confidence fell 1.3pts to 84.5 in the week to 2 November; it is now 2pts lower than a year ago (86.5), and 2.1pts below the 2025 weekly average of 86.6. Analysis by State shows a fairly consistent result, with Consumer Confidence down in New South Wales, Victoria, Western Australia and South Australia, but up marginally in Queensland. Now 22% of Australians (down 1ppt) say their families are ‘better off’ financially than this time last year, while 42% (unchanged) say their families are ‘worse off’. Looking forward, 26% (down 2ppts) of respondents expect their family to be ‘better off’ financially this time next year, while 33% (up 2ppts) expect to be ‘worse off’. Meanwhile, 10% (down 1ppt) of respondents expect ‘good times’ for the Australian economy over the next 12 months, while 32% (up 2ppts) expect ‘bad times’. Only 21% (down 1ppt) of Australians say now is a ‘good time to buy’ major household items, while 35% (unchanged) say now is a ‘bad time to buy’.

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

Inflation is going north, wages south

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Original article by Matthew Cranston
The Australian – Page: 1 & 4 : 5-Nov-25

Reserve Bank of Australia governor Michele Bullock has indicated that the current monetary policy easing cycle could potentially be over, after the central bank left the cash rate unchanged at 3.6 per cent yesterday. The RBA has reduced official interest rates three times in 2025, but financial markets expect the next rate cut to occur in December 2026. Meanwhile, the RBA expects both headline and underlying inflation to remain above its target range of 2-3 per cent for at least another six months. Shadow treasurer Ted O’Brien has blamed Labor for the RBA’s decision to leave the cash rate on hold, contending that government spending is growing more than four times faster than the Australian economy.

CORPORATES
RESERVE BANK OF AUSTRALIA

ANZ-Roy Morgan Inflation Expectations are at 4.8% in late October – down 0.1% points from the month of September

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Original article by Roy Morgan
Market Research Update – Page: Online : 29-Oct-25

The weekly ANZ-Roy Morgan Inflation Expectations were at 4.8% for the week of 20-26 October, down 0.1% points from the full month of September. A look at monthly Inflation Expectations for September shows the measure at 4.9% for the month – down 0.1% points from August. Looking back over the last year, weekly Inflation Expectations have moved in a band of 4.2% to 5.2% since the start of September 2024 and averaged 4.8%. A look at Monthly Inflation Expectations on a State-based level for September shows mixed results, with decreases in Western Australia, Queensland, New South Wales and South Australia, unchanged in Victoria, and up in Tasmania.. 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 4,097 Australians aged 14+ in September 2025.

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

ANZ-Roy Morgan Consumer Confidence up 1.8pts to 85.8 driven by rising confidence about personal finances

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Original article by Roy Morgan
Market Research Update – Page: Online : 29-Oct-25

ANZ-Roy Morgan Consumer Confidence rose 1.8pts to 85.8 in the week to 26 October. However, Consumer Confidence is now 0.6pts below the same week a year ago (86.4), and 0.8pts below the 2025 weekly average of 86.6. Analysis by State shows mixed results, with increases in Victoria, Western Australia and South Australia, down in Queensland, and virtually unchanged in New South Wales. Now 23% of Australians (up 4ppts) say their families are ‘better off’ financially than this time last year, while 42% (down 1ppt) say their families are ‘worse off’. Looking forward, 28% (up 3ppts) of respondents expect their family to be ‘better off’ financially this time next year, while 31% (down 1ppt) expect to be ‘worse off’. Meanwhile, 11% (up 3ppts) of respondents expect ‘good times’ for the Australian economy over the next 12 months, while 30% (unchanged) expect ‘bad times’. Only 22% (unchanged) of Australians say now is a ‘good time to buy’ major household items, while 35% (up 1ppt) say now is a ‘bad time to buy’.

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

Majority of mortgage holders who live alone or as single parents experience mortgage stress

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Original article by Roy Morgan
Market Research Update – Page: Online : 29-Oct-25

Roy Morgan’s Single Source research shows that 52.3% of owner-occupier mortgage holders who live alone or are single parents are ‘At Risk’ of mortgage stress, while 36.0% are ‘Extremely at Risk’. Many more women than men are impacted; an estimated 205,000 ‘single female’ mortgage holders were ‘At Risk’ of mortgage stress in the 12 months to June 2025 compared with 108,000 ‘single male’ mortgage holders. More single women were also ‘Extremely at Risk’ of mortgage stress (137,000), compared with 74,000 single male mortgage holders. The substantially higher number of single female mortgage holders at risk of mortgage stress is not only due to single women being more likely to be at risk of mortgage stress, but also due to there being more single women than single men among mortgage holders; nearly twice as many mortgage holders are single women (6.8%) as single men (4.1%). While single women are more likely to be at ‘Extreme Risk’ of mortgage stress than ‘single men’, the gap is greatest among those aged under 34, where the income gap between men and women is greater.

CORPORATES
ROY MORGAN LIMITED

ANZ-Roy Morgan Consumer Confidence up 1pt to 84.0

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Original article by Roy Morgan
Market Research Update – Page: Online : 22-Oct-25

ANZ-Roy Morgan Consumer Confidence rose 1pt to 84.0 in the week to 19 October. However, Consumer Confidence is now 3.5pts below the same week a year ago (87.5), and 2.6pts below the 2025 weekly average of 86.6. Analysis by State shows mixed results, with increases in New South Wales and South Australia, down in Western Australia, and virtually unchanged in Victoria and Queensland. Now 19% of Australians (down 1ppt) say their families are ‘better off’ financially than this time last year, while 43% (down 2ppts) say their families are ‘worse off’. Looking forward, 25% (unchanged) of respondents expect their family to be ‘better off’ financially this time next year, while 32% (also unchanged) expect to be ‘worse off’. Meanwhile, just 8% (down 1ppt) of respondents expect ‘good times’ for the Australian economy over the next 12 months, while 30% (down 2ppts) expect ‘bad times’. Only 22% (down 1ppt) of Australians say now is a ‘good time to buy’ major household items, while 34% (down 1ppt) say now is a ‘bad time to buy’.

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

Risk of mortgage stress drops to lowest since February 2023 after RBA cuts interest rates to 3.6% in August

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Original article by Roy Morgan
Market Research Update – Page: Online : 22-Oct-25

New research from Roy Morgan shows that 25.9% of mortgage holders (1,361,000) were ‘At Risk’ of ‘mortgage stress’ in the three months to September 2025, down 2% points from August. This is the lowest share of mortgage holders ‘At Risk’ of ‘mortgage stress’ since February 2023 when the share first rose above 25% of mortgage holders (where it has stayed ever since). The number of Australians ‘At Risk’ of mortgage stress has increased by 554,000 since May 2022, when the RBA began a cycle of interest rate increases. Meanwhile, the number of Australians considered to be ‘Extremely At Risk’ of mortgage stress is now numbered at 858,000 (16.3% of mortgage holders) which is in line with the long-term average over the last two decades (also 16.3%). These are the latest findings from Roy Morgan’s Single Source Survey, based on in-depth interviews conducted with over 60,000 Australians each year, including over 10,000 owner-occupied mortgage-holders.

CORPORATES
ROY MORGAN LIMITED

ANZ-Roy Morgan Consumer Confidence down 2.1pts to 83.0 – down for a second straight week after RBA leaves rates unchanged

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Original article by Roy Morgan
Market Research Update – Page: Online : 15-Oct-25

ANZ-Roy Morgan Consumer Confidence fell 2.1pts to 83.0 in the week to 12 October. Consumer Confidence is now at its lowest for over a year, but it is virtually unchanged on the same week a year ago (83.4) and 3.7pts below the 2025 weekly average of 86.7. Analysis by State shows mixed results, with declines in New South Wales, Victoria and South Australia being only partially offset by small increases in Queensland and Western Australia. Now 20% of Australians (unchanged) say their families are ‘better off’ financially than this time last year, while 45% (up 4ppts) say their families are ‘worse off’. Looking forward, 25% (down 1ppt) of respondents expect their family to be ‘better off’ financially this time next year, while 32% (up 1ppt) expect to be ‘worse off’. Meanwhile, just 9% (unchanged) of respondents expect ‘good times’ for the Australian economy over the next 12 months, while 32% (up 2ppts) expect ‘bad times’. Only 23% (up 1ppt) of Australians say now is a ‘good time to buy’ major household items, while 35% (up 1ppt) say now is a ‘bad time to buy’.

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

ANZ-Roy Morgan Consumer Confidence down 1.2pts to 85.1 after Reserve Bank leaves interest rates unchanged

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Original article by Roy Morgan
Market Research Update – Page: Online : 8-Oct-25

ANZ-Roy Morgan Consumer Confidence fell 1.2pts to 85.1 in the week to 5 October. Consumer Confidence is now 1.6 points above the same week a year ago (83.5), but 1.7pts below the 2025 weekly average of 86.8. Analysis by State shows mixed results, with declines in Victoria, Queensland and Western Australia, only partially offset by small increases in New South Wales and South Australia. Now 20% of Australians (down 2ppts) say their families are ‘better off’ financially than this time last year, while 41% (down 1ppt) say their families are ‘worse off’. Looking forward, 26% (down 3ppts) of respondents expect their family to be ‘better off’ financially this time next year, while 31% (down 2ppts) expect to be ‘worse off’. Meanwhile, just 9% (down 1ppt) of respondents expect ‘good times’ for the Australian economy over the next 12 months, while 30% (up 1ppt) expect ‘bad times’. Only 22% (down 1ppt) of Australians say now is a ‘good time to buy’ major household items, while 34% (up 1ppt) say now is a ‘bad time to buy’.

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