AX1 accent group limited

Ann: FY23 Full-Year Investor Presentation, page-36

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    Consumers tend to react with a lag as would be expected of the spenders in society going about willy nilly till sh*t hits the fan, majority of people are coming off there fixed mortgages from now till the start of next year, so you'd expect now is the time people are gonna start double checking on the price tag.

    Employee LCI recorded the strongest rise across the five household types (+1.5%)

    Employee households, whose primary source of income is wages and salaries, rose due to a rise in Mortgage interest charges. Mortgage interest charges make up a higher proportion of expenditure for Employee households. Mortgage interest charges rose by 9.8% in the June 2023 quarter, with banks passing on the RBA’s cash rate rises to home loan interest rates.



 
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