Australia’s Westpac Consumer Sentiment Index rose 5.7% MoM to 98.5 in August 2025 (up 15.8% YoY), marking its highest level since July 2023 and reflecting easing financial pressures amid recent RBA rate cuts.

• The ‘family finances vs a year ago’ sub-index increased 6.2% MoM (to 84.2), while ‘family finances next 12mths’ rose 5.4% MoM to 106.8, suggesting improving household confidence about current and future finances.

• Economic conditions next 12mths improved 7.6% MoM to 101.2, and economic conditions next 5yrs rose 5.4% MoM to 98.4, indicating broad-based optimism. 

• The ‘time to buy a major household item’ index climbed 4.2% MoM to 101.7, its highest since early 2023.

• The ‘time to buy a dwelling’ index surged 10.5% MoM to 97.8, reflecting stronger home-buyer sentiment as interest rate expectations ease.

• The Unemployment Expectations Index declined -2.4% MoM (to 125.6), while House Price Expectations rose 0.9% MoM to 164.2, signaling resilient housing market outlooks.