Housing prices rose more than one per cent in February, according to preliminary estimates from CoreLogic RP Data.

Housing prices have risen, but it's only Sydney that has tilted the national average into positive territory.

Preliminary results from the CoreLogic RP Data home value index show the national average price rose more than one per cent, with the Sydney market up by about 1.4 per cent in February.

The other major metropolitan market, Melbourne, is set to record a "relatively flat" result after big rises in December and January, while Brisbane, Perth and Hobart look to be lower in February than in January.

The property market analysis firm's head of research Tim Lawless said it could be a while before lower interest rates flow through into faster growth in dwelling values, but there were early signs the market was reacting to cheaper money.

Those signs include the highest auction clearance rates since 2009 over the past weekend, Mr Lawless said.

Final housing values for February are due for release on Monday.

[Source: www.sbs.com.au]