Consumer confidence has tumbled to its lowest level in four years in the wake of the Reserve Bank's most recent cut in official interest rates and growing concerns about the state of the Australian economy
"Consumers are looking behind the reason for the rate cut and, arguably, the absolute level of rates and getting nervous."house prices have risen strongly
The October index fell to its lowest mark since July 2015 when the Chinese share market fell 30 per cent and prompted concerns about the global economy.
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