QIC sees Australian consumer spending weathering housing downturn

• QIC's October 23, 2026, analysis sees Australia's housing downturn slowing consumer spending without triggering recession, provided jobs and incomes grow.
• A 10% fall in house prices would reduce household spending by around 1.4% over 12 months, according to its modeling.
• Falling housing turnover leaves big-ticket and housing-related purchases most exposed, with developers reporting sharper declines in buyer demand.
• Only around 2% of variable-rate mortgage borrowers cannot cover repayments and essential expenses; most have savings covering at least six months.
• Fewer than 1% of borrowers have negative equity, limiting financial distress despite falling home values.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. QIC Ltd. published the original content used to generate this news brief on October 23, 2026, and is solely responsible for the information contained therein.