Research from the latest RP Data-Rismark Hedonic Home Value Index also showed a 4.2 per cent rise to a median price of $450,000 (£272,000) over the previous three months of 2010.
The biggest increase was witnessed in Darwin, where prices rose by 6.9 per cent, while Melbourne also saw a six per cent rise.
Furthermore, Canberra house prices rose by 3.7 per cent, with Hobart and Perth failing to reach the one per cent mark.
Christopher Joye, Rismark chief executive, said: "The housing recovery has remained surprisingly resilient in the face of sustained interest rate hikes. The lively capital growth observed in the major cities runs against the grain of relatively anaemic housing finance flows."
However, the AAP reported that further interest rate rises could be seen, with inflation rates also on the up.
Posted by Craig Francis
The biggest increase was witnessed in Darwin, where prices rose by 6.9 per cent, while Melbourne also saw a six per cent rise.
Furthermore, Canberra house prices rose by 3.7 per cent, with Hobart and Perth failing to reach the one per cent mark.
Christopher Joye, Rismark chief executive, said: "The housing recovery has remained surprisingly resilient in the face of sustained interest rate hikes. The lively capital growth observed in the major cities runs against the grain of relatively anaemic housing finance flows."
However, the AAP reported that further interest rate rises could be seen, with inflation rates also on the up.
Posted by Craig Francis
