The Westpac Melbourne Institute Index of Consumer Sentiment rose 0.1 per cent to 104.4 in December from 104.3 in November.
“With another reading above 100, December now marks a full year in which optimists have outnumbered pessimists, a turnaround on 2017 which saw ten out of twelve sentiment updates below the 100 line,” Westpac wrote.
On “time to buy a major household item”, that sub-index rose 3.7 per cent, more than reversing November’s decline but down 1.9 per cent on December 2017.
The “time to buy a dwelling” index fell 3.9 per cent, after a 11.8 per cent surge in the previous month.
“Without a doubt our housing-related indexes show considerable unrest, particularly in NSW and Victoria, while our survey also shows that risk aversion continues to rise,” the report said.