ANZ-Roy Morgan Consumer Confidence down 1.5pts to 70.5 as confidence about personal finances declines
ANZ-Roy Morgan Consumer Confidence decreased 1.5pts to 70.5 in late September – its lowest rating for four months since late May. Consumer Confidence is a large 15.8pts lower than a year ago, September 22-28, 2025 (85.3), and 1.8pts below the 2026 weekly average of 72.3.
An analysis by State shows confidence decreasing in New South Wales, Western Australia, and South Australia, but small increases in both Victoria and Queensland.
Consumer Confidence was driven lower this week due to less confidence about personal finances compared to a year ago and over the next 12 months.
Now around one-in-six, 17% (down 2ppts), of Australians say their families are ‘better off’ financially than this time last year compared to 50% (unchanged) that say their families are ‘worse off’.
Views on personal finances over the next year were down significantly this week with just one-in-five, 20% (down 4ppts) of respondents expecting their family will be ‘better off’ financially this time next year, while 43% (up 2ppts), expect to be ‘worse off’.
Net sentiment regarding the economy over the next year was virtually unchanged this week with 6% (up 1ppt) of Australians, expecting ‘good times’ compared to 44% (unchanged), that expect ‘bad times’.
Australians’ views about the economy’s performance over the longer-term of the next five years is virtually unchanged with 8% (up 2ppts) of Australians expecting ‘good times’ for the economy over the next five years compared to a third, 33% (up 3ppts), expecting ‘bad times’.
Net buying intentions were virtually unchanged this week with 16% (down 1ppt) of respondents saying now is a ‘good time to buy’ major household items compared to a plurality of 44% (down 2ppts) that say now is a ‘bad time to buy major household items’.
ANZ Economist, Sophia Angala, commented:
“Last week, ANZ-Roy Morgan Australian Consumer Confidence fell to its lowest level since late May. The decline was led by weaker confidence in personal finances, which may have been influenced by expectations of a potential rate hike ahead of this week’s RBA meeting.
“Despite the recent rise in petrol prices alongside higher oil prices, inflation expectations eased over the week, although they remain elevated compared to the beginning of the year. We expect the RBA to raise the cash rate in September and November, taking it to 4.85%, its highest level since 2008. This will likely weigh on household spending growth over the near term.”
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 |
