Gen Z leads surge in first home buying intentions as optimism grows among young Australian

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More than one in three (35%) Gen Z Australians plan to buy their first home within five years, according to Westpac’s latest Home Ownership Report. Intentions have jumped five percentage

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Consumer sentiment hit by tariff turmoil

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The Westpac-Melbourne Institute Consumer Sentiment Index fell 6% in April, to 90.1 from 95.9 in March. Matthew Hassan, Westpac Head of Australian Macro-Forecasting, said: “Consumers are showing deepening unease about

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Consumer sentiment ticks up but pessimism still dominates

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The Westpac–Melbourne Institute Consumer Sentiment Index rose 2.8% to 85 in August from 82.7 in July. Westpac Senior Economist Matthew Hassan said: “Consumers breathed a small sigh of relief in

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Consumer sentiment lifts off lows

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The Westpac Melbourne Institute Consumer Sentiment Index rose 6.2% to 86 in February, from 81 in January. This is the biggest monthly gain since April last year, when the RBA

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Consumer gloom lifts slightly

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The Westpac-Melbourne Institute Index of Consumer Sentiment rose 2.9% to 82 in October, up from 79.7 in September. Westpac Senior Economist Matthew Hassan said: “The consumer mood has improved slightly

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