Suggestions yesterday's inflation announcement - could push up house prices

CPI rose 3.3 percent in the year to June, down from four percent annually to March.

ANZ and Westpac have cut their interest rates and optimism's growing the Reserve Bank could cut rates this year.

Property Commentator Ashley Church says it could help give people confidence in property.

He says if this trend continues it won't be a huge increase but prices will rise steadily.