National Australia Bank : NAB Housing Monitor August 2026

About this update from National Australia Bank Limited

Key points Nominal household spending rose 0.8% in June (NAB 0.8%, Consensus 0.2%). This was largely driven by discretionary spending, particularly in transport (+3.0% mom) and recreation & culture (+1.4% mom) The themes were similar to those flagged in the June NAB Spend Trend and point to some resilience in recent consumption outcomes. Household spending volumes were up 0.7% qoq in Q2. There is some upside risk to our Q2 real household consumption growth forecast of 0.4% qoq, though MHSI data have been a poor guide. Read the full NAB Housing Monitor August 2026

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