ECONOMIC INDICATORS – AUSTRALIA

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

Roy Morgan Business Confidence increases in September, up 3pts to 101.6

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

In September 2025, Roy Morgan Business Confidence rose 3pts to 101.6; the increase followed the Reserve Bank’s decision to cut official interest rates by 0.25% in mid-August and the S&P/ASX200 closing at a record high above 9,000 in late August. However, Business Confidence is now 8.3pts below the long-term average of 109.9, although it is 7.3pts higher than in September 2024. Now 33.4% (up 4.9ppts) of businesses says their business is ‘better off’ financially than this time a year ago (the highest figure for this indicator so far this year), while 34.6% (down 0.8ppts) say the business is ‘worse off’. Meanwhile, 39.6% (unchanged) of respondents expect the business will be ‘better off’ financially this time next year, while 20% (down 4.3ppts) expect the business will be ‘worse off’. The latest Roy Morgan Business Confidence results for September are based on 1,198 detailed interviews with a cross-section of Australian businesses from each State and Territory.

CORPORATES
ROY MORGAN LIMITED

‘Not confident’: RBA pours cold water on Labor’s housing dream

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

The Reserve Bank of Australia had been widely tipped to leave the cash rate unchanged at its monetary policy board meeting yesterday. Financial markets have priced in a 40 per cent chance of a rate cut at the next meeting in November, but RBA governor Michele Bullock says progress on returning core inflation to its mid-point target of 2.5 per cent will determine the next move on interest rates. Quarterly inflation data to be released ahead of the next board meeting is likely to be crucial. Meanwhile, Bullock has warned that federal government action to boost supply is unlikely to address the housing market’s structural deficit in the next two years.

CORPORATES
RESERVE BANK OF AUSTRALIA

ANZ-Roy Morgan Consumer Confidence up 1.7pts to 86.3 before this week’s Reserve Bank meeting

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

ANZ-Roy Morgan Consumer Confidence rose 1.7pts to 86.3 in the week to 28 September. Consumer Confidence is now 4.3 points above the same week a year ago (82.0), and just 0.5pts below the 2025 weekly average of 86.8. Analysis by State shows a broad trend, with Consumer Confidence reversing the results of last week and increasing in the four largest States of New South Wales, Victoria, Queensland and Western Australia, but down in South Australia. Now 22% of Australians (up 1ppt) say their families are ‘better off’ financially than this time last year, while 42% (unchanged) say their families are ‘worse off’. Looking forward, 29% (up 2ppts) of respondents expect their family to be ‘better off’ financially this time next year, while 33% (up 1ppt) expect to be ‘worse off’. Meanwhile, just 10% (up 2ppts) of respondents expect ‘good times’ for the Australian economy over the next 12 months, while 29% (unchanged) expect ‘bad times’. Only 23% (up 2ppts) of Australians say now is a ‘good time to buy’ major household items, while 33% (down 1ppts) say now is a ‘bad time to buy’.

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

ANZ-Roy Morgan Inflation Expectations are at 5% in late September – the same as for the full month of August

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Original article by Roy Morgan
Market Research Update – Page: Online : 24-Sep-25

The weekly ANZ-Roy Morgan Inflation Expectations were 5% for the week of 15-21 September, the same as for the full month of August. A look at monthly Inflation Expectations for August shows the measure at 5% for the month, up 0.2% points from July and the highest monthly Inflation Expectations since January 2025 (also 5%). Looking back over the last year, weekly Inflation Expectations have moved in a band of 4.2% to 5.2% since the start of August 2024 and averaged 4.8%. A look at Monthly Inflation Expectations on a State-based level for August shows mixed results, with increases in Queensland, Western Australia, New South Wales, unchanged in Victoria and Tasmania, and down in South Australia. 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 4,099 Australians aged 14+ in August 2025.

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