Surge in consumer confidence following RBA rate cut

“Throughout the housing cohorts, confidence amongst mortgage holders jumped 10.7pts to its highest degree since early Could 2022 (earlier than the start of the RBA’s mountain climbing cycle) and is now sitting above the arrogance of outright householders, which remained largely regular final week,” Angala stated. “In the meantime, the arrogance of renters additionally rose 4.0pts, however stays the bottom of the three housing cohorts.”