Australian consumer confidence rose 2.1 points in the week of June 15 to 21 to 72.8 points, its highest level since early March, according to a Tuesday note from ANZ.
Despite the rise, confidence remains below the 2025 average, ANZ economist Sophia Angala said.
The four-week moving average rose 1.7 points to 70.8 points.
Weekly inflation expectations were down 0.2 percentage points to 5.8%, while the four-week moving average fell to 6%.
Current financial conditions over the last year eased 0.3 points to 62.4, while financial conditions over the next 12 months rose 0.3 points to 78.9.
Short-term economic confidence over the next 12 months was up 4.5 points to 64.5, while medium-term economic confidence over the next five years rose 1 point to 78.6.
The "time to buy a major household item" sub-index increased 4.9 points to 79.6, the largest rise across the sub-indices and its sixth consecutive weekly rise, on the back of end-of-financial-year sales events, per the report.