Consumer Sentiment in the ‘Doldrums’ as Cost-of-Living Crisis Continues May 27, 2024 Ausadmin Australian Economy, Australian News </p> <h2>Consumer Sentiment in the ‘doldrums’ as cost-of-living Crisis Continues</h2> <p> REA Group Economic Research Director Cameron Kusher says consumer sentiment still remains “pessimistic” as the cost-of-living crisis continues.</p> <p>Mr Kusher joined Sky News Australia Business Editor Ross Greenwood to discuss the Westpac-Melbourne Institute Consumer Sentiment Index of House Price and whether people think it’s a good time to buy.</p> <p>“If we look at consumer sentiment it’s in the doldrums,” Mr Kusher said.</p> <p>“Pessimism has outweighed optimism for 27 consecutive months now. As part of that release, they have what they call the time to buy a dwelling index and it’s also at extremely low levels at the moment.</p> <p>“So, that says to me consumers are doing it tough, they don’t think things are great, and they certainly don’t think it’s a good time to buy a property.”</p> <p>In partnership with realestate.com.au<br /> Credit to : Sky News Australia</p> <p> Please Support our Sponsors here ---
