The Guardian World· World
Mortgage holders’ confidence crashes to lowest level since 1994 as year that ‘feels like a recession’ looms
Westpac survey results signal growing sense of ‘helplessness’ while Jim Chalmers faces growing pressure to rein in spendingConfidence among mortgaged households has crashed to its lowest level in more than three decades amid a growing sense of “helplessness” about the economy, even as a dramatic shift in financial markets suggests there is now a strong chance of a Reserve Bank rate cut by this tim
Published Tuesday, 10 November 2026 at 05:17
Westpac survey results signal growing sense of ‘helplessness’ while Jim Chalmers faces growing pressure to rein in spendingConfidence among mortgaged households has crashed to its lowest level in more than three decades amid a growing sense of “helplessness” about the economy, even as a dramatic shift in financial markets suggests there is now a strong chance of a Reserve Bank rate cut by this time next year.The latest Westpac survey showed its consumer sentiment index sinking again in November to reach a four-year low, amid deepening pessimism about the near-term prospects for the economy. Continue reading...
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