Australian 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,” Hogan said.

Adventure clothing retailer Kathmandu reported today its Australian operations had shown strong sales growth.

The New Zealand-headquartered retailer made a net profit of $NZ42.15 million ($A39.24 million) for the year to July 31, down 4.6 per cent from $NZ44.17 million ($A41.12 million) a year ago.

Total sales from the company’s Australian stores were up 14.8 per cent, while same store sales were up 6.9 per cent.

Meanwhile, total New Zealand sales were up 2.9 per cent, but down 0.1 per cent on a same store basis.

But the sales growth was offset by a weaker Australian dollar, which wiped $NZ5.8 million from earnings.

Kathmandu announced a fully-franked final divided of NZ9.0 cents per share, taking the full year payout to NZ12 cents, unchanged from a year ago.