ANZ-Roy Morgan Consumer Confidence up 1.5pts to 76.5 – highest rating since early March after RBA leaves rates unchanged
ANZ-Roy Morgan Consumer Confidence increased 1.5pts to 76.5 in mid-August in the week the Reserve Bank left interest rates unchanged at 4.35%. Consumer Confidence is now at its highest since early March but is still 12.9pts lower than a year ago, August 11-17, 2025 (89.4), and now 4.4pts above the 2026 weekly average of 72.1.
An analysis by State shows a consistent theme with Consumer Confidence increasing in all five mainland States. Consumer Confidence was driven higher this week due to increasing confidence about people’s financial positions after the Reserve Bank’s decision to leave interest rates unchanged.
Interestingly, the confidence of Renters, has now been higher than both Home Owners and People Paying Off Their Homes for seven straight weeks since early July.
Now 18% (up 2ppts) of Australians say their families are ‘better off’ financially than this time last year compared to a 49% (down 2ppts) that say their families are ‘worse off’.
Views on personal finances over the next year improved significantly this week with 25% (up 2ppts) of respondents expecting their family will be ‘better off’ financially this time next year, while 36% (down 4ppts), expect to be ‘worse off’.
Net sentiment regarding the economy over the next year deteriorated slightly this week with 6% (down 1ppt) of Australians, expecting ‘good times’ compared to 38% (up 1ppt), that expect ‘bad times’.
There is little change when it comes to Australians’ views about the economy’s performance over the next five years with 9% (up 1ppt) of Australians expecting ‘good times’ for the economy over the next five years compared to just over a quarter, 28% (up 2ppts), expecting ‘bad times’.
Net buying intentions were also little changed this week with 17% (down 2ppts) of respondents saying now is a ‘good time to buy’ major household items compared to 41% (down 3ppts) that say now is a ‘bad time to buy major household items’.
ANZ Economist, Sophia Angala, commented:
“ANZ-Roy Morgan Australian Consumer Confidence increased 1.5pts last week, following the RBA’s decision to keep the cash rate on hold at 4.35%. This takes confidence to its highest level in 24 weeks. The pick-up was driven by an improvement in householders’ confidence in their financial situation, especially over the next year – with this subindex rising to its highest level since February.
On a four-week moving average (4wma) basis, confidence amongst renters is at its highest level since January. Over the past few weeks, we’ve seen the biggest gap ever emerge in the 4wma for confidence amongst renters relative to those paying off a mortgage. Compared to households who own their home outright, confidence amongst renters is at its strongest since 2022. The softer confidence amongst homeowners may be linked to the recent downturn in the housing market. We have lowered our housing price forecasts and expect capital city housing prices to decline 10.6% from their recent peak.”
Check out the latest results for our weekly surveys on Business Confidence, Consumer Confidence, and Voting Intention as follows:
Roy Morgan Business Confidence Statistics
ANZ – Roy Morgan Consumer Confidence Statistics
Federal Voting – Government Confidence Rating
Related Research Reports
The latest Roy Morgan Consumer Confidence Monthly Report is available on the Roy Morgan Online Store. It provides demographic breakdowns for Age, Sex, State, Region (Capital Cities/ Country), Generations, Lifecycle, Socio-Economic Scale, Work Status, Occupation, Home Ownership, Voting Intention, Roy Morgan Value Segments and more
Consumer Confidence – Monthly Detailed Report in Australia.
Business Confidence – Monthly Detailed Report in Australia.
Consumer Banking Satisfaction - Monthly Report in Australia.
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Margin of Error
The margin of error to be allowed for in any estimate depends mainly on the number of interviews on which it is based. Margin of error gives indications of the likely range within which estimates would be 95% likely to fall, expressed as the number of percentage points above or below the actual estimate. Allowance for design effects (such as stratification and weighting) should be made as appropriate.
| Sample Size | Percentage Estimate |
| 40% – 60% | 25% or 75% | 10% or 90% | 5% or 95% | |
| 1,000 | ±3.0 | ±2.7 | ±1.9 | ±1.3 |
| 5,000 | ±1.4 | ±1.2 | ±0.8 | ±0.6 |
| 7,500 | ±1.1 | ±1.0 | ±0.7 | ±0.5 |
| 10,000 | ±1.0 | ±0.9 | ±0.6 | ±0.4 |
| 20,000 | ±0.7 | ±0.6 | ±0.4 | ±0.3 |
| 50,000 | ±0.4 | ±0.4 | ±0.3 | ±0.2 |
