Core Insights - The National Australia Bank (NAB) survey indicates an increase in consumer pressure levels in Australia during the third quarter, primarily driven by concerns over job security and ongoing cost of living pressures [1] Consumer Sentiment - Consumers are increasingly worried about the uncertainty surrounding the Australian economic outlook, leading to a decline in overall sentiment [1] - Approximately 66% of respondents expect housing prices to continue rising over the next year, indicating a strong belief in the housing market despite economic concerns [1] - About 50% of respondents anticipate increases in inflation, taxes, and other government charges, reflecting concerns over rising living costs [1] Employment Expectations - More than one-third (over 33%) of respondents expect the unemployment rate to rise, highlighting growing pessimism regarding job security [1] - The proportion of consumers expecting interest rates to decrease has diminished, suggesting a weakening confidence in the prospects for monetary policy easing [1] - NAB emphasizes that job security has shifted from a secondary concern to a significant driver of consumer pressure, underscoring the direct impact of labor market expectations on household confidence [1]