Sentiment rips
Westpac reported that consumer sentiment increased another 4.1 per cent to 112 in December, from 107 in November.
Sentiment has therefore ripped to a 10-year high, having increased by a stunning 48 per cent since April.
Source: Westpac
Dwelling prices look set to follow higher in 2021, as charted by Alex Joiner of IFM.
Source: IFM
Indeed, house price expectations have ballooned another 9.4pc higher to 143.7, now having doubled since the lockdown lows.
Source: Westpac
Job security
Indeed's Callam Pickering showed that job postings have now fully-recovered to pre-COVID levels, leaving Australians far more comfortable in terms of job security.
Meanwhile household savings have ballooned following this year's unprecedented stimulus, and data from the NSW Land Registry showed a surge in mortgages being paid off in their entirety over the past three months, which should keep a lid on credit growth.
The ASX closed at a 9-month high today, with the CAPE ratio now back above 20 as Australia has dodged a major bullet this year.
