There is a growing body of evidence that the worst of the downturn has passed and there are significant numbers of locations across Australia where prices are now rising.

We recently saw the publication of the latest price report from domain.com.au, which recorded growth in the median house prices of five of the eight capital cities in the December Quarter.

Now the latest Weekly Prices Index from SQM Research has provided more substance to the trend of positive price trends in a growing number of key markets.

According to the new SQM report, house prices grew in four of the eight capital cities during January, headed by the 2.7% rise in Adelaide.

The other cities to record rises were Brisbane, Perth and Darwin.