Despite figures from a survey suggesting that Australia's economy is looking brighter with consumer confidence higher, some experts believe that stagnant wages growth and fall in new home sales may be indicative of troubles ahead.

The latest ANZ-Roy Morgan consumer confidence survey released on Tuesday pegged a 3.9 percent rise over the week, with respondents citing an improved sentiment towards their future and current financial situations -- resulting in a 5.6 percent increase for the current, and a 2.2 percent increase in confidence for the future.

Despite this, the head of Australian economics at the ANZ Bank, David Plank, said on Tuesday that while the results were "encouraging", he was concerned over lack of momentum within the overall levels.

"Broadly, confidence has slipped in August, weighed down by concerns around disappointing wage growth and higher energy costs."

"Despite a strong labour market and moderate economic activity, any improvement in confidence is likely to remain capped until households experience a material acceleration in wage growth, which seems unlikely anytime soon."

This view, however, is not shared by the chief economist of CommSec, Craig James, who told Xinhua on Tuesday that he felt that the perception of Australian consumers as being "gloomy" was not altogether warranted.

"In reality, the latest reading of consumer sentiment is broadly in line with short and longer-term averages. Consumers aren't exuberant, but neither are they significantly downbeat," James said.

"Simply there are a lot of issues at present so it is probably better to describe consumers as reflective'."

Consumers are demonstrating their quasi-positivity with their pockets, as the economist believed the consumer spending data -- with retail spending up 2.5 percent annually -- shows for the most part that consumers in Australia are generally content with conditions.

Other data to be released on Tuesday showed that new home sales in Australia have continued to ease for the month of July, which the principal economist at the Housing Industry of Australia, Tim Reardon, said was driven by a decline in new apartment purchases.

"July's result was driven by a 15.7 percent decline in multi-unit sales and a more measured reduction in detached house sales," Reardon said.

"The large drop in multi-unit sales this month is in contrast to strong sales volumes late in 2016 and early 2017."

Reardon believed that housing sales will continue their downslide over the next few years, but James said that this result is more of an "easing" then a certifiable slump in the overall market.

"Home sales are understandably easing to more normal' levels. But activity will continue to vary substantially across regions. We continue to expect a soft landing' in new construction, sales and home prices," James said.

"The Reserve Bank of Australia (RBA) will closely watch housing indicators in coming months with the hope that a soft landing is achieved."

Kate Hickie, an economist at Capital Economics, contended that she did not think the RBA is overly concerned with the state of the housing market, and suggested "we don't think concerns about the housing market will force the RBA to raise rates sooner than later".

"That said, alongside risks associated with record high household debt, we continue to believe that financial stability concerns will prevent the RBA from cutting rates any further despite persistently low underlying inflation," Hickie said.

The RBA will meet to determine interest rates on Sept. 5, 2017.