ANZ-Roy Morgan Consumer Confidence has risen by just 0.7 points to 84.2, ten days out from Black Friday 2025.
Consumer confidence is now 2.6 points lower than a year ago and 2.2 points below the 2025 weekly average of 86.4.
ANZ economist Sophia Angala said the rise was driven by a 5.2 percentage point increase in the ‘time to buy a major household item’ subindex, as Black Friday sales events began during the survey period.
“Consumers’ confidence in their economic conditions also improved,” Angala said. “The end to the US federal government shutdown and a decline in Australia’s unemployment rate in October may have supported this.”
Across the housing cohorts, on a four-week moving average basis, Angala added that mortgage-holder confidence rose above outright homeowner confidence for the first time since early July.
“Renter confidence dropped to its lowest level since August 2024,” she added. “This contrasts with the rate hiking cycle when mortgage holders were the least confident housing cohort.”
Within the index, a fifth of Australians (20 per cent – down 1ppt) say their families are ‘better off’ financially than this time last year, compared to an unchanged plurality of 44 per cent that say their families are ‘worse off’.
Just over a quarter (26 per cent – down 2ppts) of respondents expect their family will be ‘better off’ financially this time next year, while 33 per cent (up 2ppts) expect to be ‘worse off’.
Meanwhile, net sentiment regarding the economy over the next year improved slightly this week, with 9 per cent (up 1ppt) of Australians expecting ‘good times’ for the Australian economy over the next twelve months compared to 29 per cent (down 1ppt) who expect ‘bad times’.
One in ten Australians (10 per cent – unchanged) are now expecting ‘good times’ for the economy over the next five years, compared to over a quarter (26 per cent – down 1ppt) expecting ‘bad times’.
As for net buying intentions, 24 per cent (up 4ppts) of respondents say now is a ‘good time to buy’ major household items, compared to 36 per cent (down 1ppt) that say now is a ‘bad time to buy major household items’.
Across the states, consumer confidence is up in New South Wales and Queensland, unchanged in Victoria, but down in Western Australia and South Australia.