Sentiment surge
Another day of zero local transmissions for the virus, and consumer confidence has soared to 7-year highs.
The survey actually took place before the US election, so confidence would be higher again today as the state of Victoria reopens.
Source: Commsec
The time to buy a dwelling index surged again by another 8 per cent in the November survey, to sit far higher than a year ago.
Source: Westpac/MI
House price expectations also jumped by 12 per cent, to be above their long-run average.
This fits with the expectation of strong gains for housing markets in 2021.
