Consumer spending surges nearly 7% in September despite rising mortgage costs
Australian consumer spending remained robust despite rising mortgage costs and five interest rate hikes this year. Discretionary spending surged nearly 7 percent in September, driven by households prioritizing items like entertainment and gambling. While some Australians face financial hardship, many continue to indulge in non-essential purchases amid ongoing economic pressures.
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Published 12 Nov 2026, 18:00 UTC · Updated 12 Nov 2026, 18:10 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections
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