Australians in all states now feel house prices are headed higher, new research shows.
The latest Bankwest/Mortgage and Finance Association Home Finance (MFAA) Index shows three quarters of Australians (76 per cent) believe prices will rise in the current quarter.
Of all States and Territories surveyed, Victorians were most likely to think the value of their property had risen (76.3 per cent), comfortably exceeding the average across all states (61.8 per cent).
The biggest improvement in perceived property value has been Western Australia, with only 3.3 per cent of respondents feeling they have lost value compared to 16.7 per cent in the last survey.
The Index has also shown that of the many people who are expecting the cash rate to keep climbing, almost half (47.1 per cent) predict interest rates will rise by more than 0.5 per cent within the next 12 months.