The report, released on Tuesday, showed that consumer confidence has now spent a record 56 straight weeks below the mark of 85.
The index was 3.2 points above the same week a year ago but 0.4 points below this year's weekly average of 83.6.
As results indicated, a fifth of Australians felt "better off" financially than this time last year, compared to 53 percent saying that their families are "worse off."
One in 10 Australians expected "good times" for their country's economy over the next 12 months, while just over a quarter or 29 percent anticipated "bad times."
As for economic development in the longer term, about 13 percent looked forward to "good times" over the next five years, compared to 18 percent expecting "bad times."
"ANZ-Roy Morgan Australian Consumer Confidence has hovered around a tight range of 82.8-84.8 since the beginning of the year. While this is higher than from mid-February to December 2023, the trend over the last eight weeks has been broadly sideways," said ANZ Senior Economist Adelaide Timbrell.
"We expect a material increase in confidence may be triggered by improving household finances, which we expect to see as wages continue to outpace inflation, as they did in Q4, and then further once tax cuts are implemented. There is some optimism about 'future financial conditions,' which remained above the neutral 100-level last week," Timbrell added.
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