Consumer confidence continues to go from strength to strength with rising property prices expected to boost household spending in the year ahead.
Confidence rose 1.4 per cent last week to 112.9, according to the ANZ-Roy Morgan consumer confidence survey.
The figures show confidence is now at its long-run average level, with consumers having shaken off the negative sentiment from the federal budget.
ANZ chief economist Warren Hogan said the figures were consistent with household spending growing moderately in 2014.
He said rising house prices would support consumer confidence and spending next year.
"While we expect soft income growth to weigh on consumer confidence and spending going into 2015, this should be offset to some extent by wealth effects from rising house prices," Mr Hogan said.
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