The turnaround in the nation's property market is continuing with Perth leading a sharp lift in house prices.
The Australian Bureau of Statistics reported this morning that its house price index measure for Perth lifted by 2.9 per cent in the December quarter.
It helped push up prices across Perth for the full year by 5.6 per cent.
But it is not just Perth enjoying an improvement.
Prices were up by 2.3 per cent in Sydney, by 0.7 per cent in Melbourne in Adelaide, by 0.7 per cent in Brisbane, by 2.1 per cent in Canberra and by 2.6 per cent in Darwin.
They only fell in Hobart, down by 1.4 per cent.
Through 2012, prices rose strongest in Darwin where they climbed 10.1 per cent.
Sydney prices were up by 4.2 per cent while they improved by 0.7 per cent in Brisbane and by 0.3 per cent in Canberra.
However, they edged down by 6.1 per cent in Hobart, by 0.4 per cent in Adelaide and by 0.2 per cent in Melbourne.
The bureau's figures follow evidence from the private sector that house prices have improved in recent months.
The Real Estate Institute, RP Data and Australian Property Monitors have all picked up the improvement which is being led by Perth.
The lift in prices coincides with the cuts in official interest rates by the Reserve Bank in the second half of last year.The Reserve Bank board is meeting today but it not expected to take rates lower than their current level of three per cent.
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