What does this say about Aussie households right now?

I mean, I think the first thing it tells us is that energy efficiency is increasingly a household economics decision.

Almost seven in 10 Aussies at the moment, so 69%, say they're planning to invest in some form of home energy improvement over the next five years.

And that's up from 65% last year.

And the average amount households intend to spend has risen from about $7,950 to $8,340.

I'd stress that that's intended spending rather than a forecast of kind of realized expenditure.

But that direction is important.

Eleanor, what's stopping people from making these upgrades?

I mean, how much confidence is there right now in the property market?

Yeah, I mean, auction clearance rates really reflecting the state of current conditions in the housing market at the moment.

Prospective homebuyers clearly having weaker confidence.

There's uncertainty around where financing costs are going to end up with the potential for another interest rate rise before year end.

There's the taxation changes, which have also weighed on confidence and particularly so for investors.

And of course, that sharp series of interest rate adjustments that we've seen this year that have substantially reduced borrowing capacities.

And as a result, buyers are less confident and they're very price sensitive.

So, Eleanor, you touched on this a second ago, but where do you think prices could go from here?

So that's the modest view, isn't it? That's the more optimistic view of the aggression that the Reserve Bank's got to take.

path for interest rates.

Certainly I'd say that's kind of at the lower end of where expectations are currently sitting.

Certainly we think we're going to see that interest rate rise this week, but I'm not sure it's going to be enough to lean on the inflation pressures that we are currently seeing and that we're going to continue to see, especially I think when you take a look at the position we were in when we headed into this crisis and this further uplift in inflation.

We were already seeing inflation running too hot into the back half of last year.

Arguably, policy settings were a little bit too loose then last year.

And I think with the Reserve Bank having been maybe somewhat soon to begin bringing interest rates lower, we're probably going to see that maybe they have to lean on inflation a little bit harder at the moment.

So is that your view? Because there's also massive underlying demand because there's a shortfall of housing in Australia.