The Australian government's stimulus package and a reduction in interest rates has given the housing market a modest boost, a new report shows.

The national survey of housing prices by RP Data-Rismark shows property values were up 1.1% in the first two months of 2009, recovering from falls of three per cent in 2008.

The RP Data-Rismark national property value indices are determined using an automated system, which values every property in Australia each week based on sales nearby.

The Australian