Mortgage holders are likely to be hit with another lift in their monthly repayments if Australia’s Reserve Bank delivers its 10th likely interest rate hike in a row this week, as is widely expected. The nation’s central bank is tipped to deliver another 25 basis point rise after communications following the February decision struck a…
2022 Easter to Bring Sales Boon to Australian Retailers
A new survey has predicted that Australians will spend around $7.1 billion (US$5.26 billion) this Easter, providing a much-needed revenue injection for retailers across the country. According to the joint research by the Australian Retailers Association (ARA) and pollster Roy Morgan, 73 percent of Australians are expected to spend $1.5 billion on seafood, hot-cross buns,…
Australian Consumer Confidence for January Hits 30-year Low
January 19, 2022
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Australian consumer confidence plunged to its lowest January reading since 1992 and the overall lowest since October 2020, according to the ANZ-Roy Morgan consumer confidence index. January typically posts positive consumer confidence results, but it has plummeted 8.1 points to 97.9 during the second week of the month following the emergence of Omicron. Additionally, all states fell…
Australia Starts Off Year With Dampened Consumer Confidence
January 11, 2022
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Australia’s consumer confidence has taken a small hit across the country following the rapid spread of the Omicron variant of COVID-19. The weekly ANZ Roy Morgan consumer confidence rating dropped by 2.4 points for the first week of the year, a week that usually sees a rise. Consumer confidence fell particularly hard in South Australia…
Consumer Confidence Lifts Ahead of Black Friday Spending Bonanza Weekend
Australia’s consumer confidence has lifted ahead of Black Friday weekend as vaccination rates rise and restrictions around the nation continue to ease. ANZ-Roy Morgan’s weekly consumer confidence index rose 1.3 percent but remains below the 2021 weekly average. Victoria led the rise, with confidence increasing by 4.9 percent, followed by 2 percent in Western Australia,…
More Australians Now Regularly Attending Places of Worship
More Australians are now likely to regularly attend their place of worship compared to just prior to the beginning of the COVID-19 pandemic, according to market researcher Roy Morgan. The biggest increases come from millennials, with over 21 percent now reporting that they “regularly go to church or my place of worship,” up from 5.8…
More Australians Valuing Freedom Over the Law: Survey
October 1, 2021
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According to a comprehensive survey of Australian attitudes, ongoing government-mandated lockdowns are pushing more Australians to value freedom over the law. At the end of the June quarter of 2021, 29.3 percent of Australians agreed with the statement that “Freedom is more important than the law.” This was a significant shift compared to the 21.6…
Mortgage Stress Falls to Near Record Lows for Australian Households: Roy Morgan
The number of households under ‘mortgage stress’ sharply fell to near record lows in mid-2021 despite the loss of JobKeeper, according to research by market search company Roy Morgan. The latest data, based on in-depth interviews over a rolling three-month period to May, revealed that the number of ‘at risk’ mortgage holders has fallen to…
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