According to the latest figures released, the housing prices in Australia have continued to rise for the third straight quarter.

The data released by the Bureau of Statistics showed that the housing prices in capital city increased 2.4 per cent during the three months till June, 2013. The growth of 2.4 per cent is the highest for the established housing sector in more than three years. The prices rose 0.8 per cent in March and 2.1 per cent in December 2012.

Experts have said that the national housing market has continued to show improvements and the prices are expected to continue its rise as interest rates remained low in the Australian economy. The Reserve Bank of Australia board is expected to meet on Tuesday and take interest rate decision. The RBA is expected to cut the cash rate by a quarter of a percentage point to 2.5 per cent.

Perth recorded the strongest increase in housing price by 3.4 per cent, followed by Darwin at 2.9 per cent and Sydney at 2.7 per cent. Melbourne housing prices rose 2.4 per cent and Brisbane by 1.9 per cent during the quarter. Canberra and Adelaide recorded increase of just 1 per cent and 0.3 per cent, respectively. On the other hand, Hobart recorded a fall in price of 1 per cent during the quarter.