Investor Presentaiton
The Australian economy.
Momentum in consumer and housing.
Consumer spending: broad categories
Essential services
Durables
Residential property: listings and sales ('000s)
Index
'000s
Latest vs pre-COVID:
120
31
+11.8%
110
29
+6.2%
+2.4%
100
27
-10.7%
90
25
80
23
-27%
50
26040
70
21
19
17
15
Dec-14
Dec-17
Dec-20
Mar-08 Mar-10
Index
120
Discretionary services
Basic food
110
Fuel
100
90
80
70
60
50
*Index based to Dec 2019 qtr = 100
40
Dec-05
Dec-08
Dec-11
Sources: ABS, Westpac Economics.
Household saving ratio (% of income)
new listings (Ihs)
sales (lhs)
Economics
Mar-12 Mar-14
Mar-16
Mar-18
Mar-20
Sources: CoreLogic, Westpac Economics.
Dwelling prices (all dwellings, index)
'000s
33
29
322222275
% Income
28
24
20
16
12
8
4
% Income
Index
210
28
Sydney
Westpac f'casts
to Dec-22
Index
210
24
190
Melbourne
2017 peaks
190
Brisbane
20
170
170
Perth
16
150
150
12
130
130
8
110
110
4
90
90
0
Dec-09 = 100
-4
Dec-88
-4
70
70
Dec-93 Dec-98 Dec-03 Dec-08
Dec-13 Dec-18
Mar-09 Mar-11
Mar-13 Mar-15
Mar-17 Mar-19 Mar-21
Mar-23
Sources: ABS, Westpac Economics.
Sources: CoreLogic, Westpac Economics
100
Westpac Group 2021 Interim Results Presentation & Investor Discussion Pack
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