The Westpac–Melbourne Institute Consumer Sentiment Index rose 0.5% MoM to 92.6 in June, signaling a continued trend of cautious pessimism among Australian consumers.

• The ‘time to buy a major household item’ sub-index jumped 7.5% MoM to 100.2, its first optimistic read since March 2022.
• The ‘family finances vs a year ago’ sub-index edged up 0.5% MoM to 75.4, while the ‘family finances, next 12 months’ sub-index fell -1.9% MoM to 98.8.
• Economic outlook sub-indexes declined: -0.7% MoM to 92.4 for the next 12 months and -2.4% MoM to 96.2 for the next 5 years.
• The Unemployment Expectations Index rose 5.0% MoM to 127.4, indicating increased concern about job prospects.
• The House Price Expectations Index surged 7.0% MoM to 166.5, the highest since 2013, though real estate and equities remain unpopular savings choices.