Source: ANZ statements
“Consumer Confidence rose 1.8 points to an eight-week high, remaining just below the mid-July peak,” ANZ Economist, Madeline Dunk said.
“The increase was broad-based, with current financial conditions being the only subindex to decline.
“The future financial conditions subindex increased 3.1 points to a six-month high. Households were feeling more confident about the economic outlook.
“Momentum has diverged across the housing cohorts. Since late-August, the four-week moving average of confidence for households who own their home outright has lifted 1.7 points, whereas it fell 1.3 points for renters and 0.2 points for those
paying off a mortgage.
“While renters remain more confident than those with a mortgage, the gap between the two groups is narrowing.”