THE MARKET HAS MADE STRONG GAINS ON THE FIRST TRADING DAY OF THE YEAR... HITTING AN 18 MONTH HIGH...

BOOSTED BY THE PASSING OF THE DEBT BILL IN THE US HOUSE OF REPS...

ALSO BEEN HELPED BY A PICK-UP IN CHINA MANU SECTOR ... AND A RISE IN THE IRON ORE PRICE OVERNIGHT

THE ASX 200 IS ADDED ONE AND A QUARTER PER CENT LED VERY MUCH BY MINING SECTOR.

COMMODITIES ARE ON THE RISE...

THE DOLLAR HAS JUMPED MIDWAY THROUGH TRADE...

ITS ABOUT ONE CENT HIGHER THAN THIS MORNING... NOW AT 105 US CENTS

EQUITY MARKETS AND THE DOLLAR RALLIED FOLLWOING THE US DEAL TO AVOID THE FISCAL CLIFF

BUT SEAN CALLOW FROM WESTPAC SAYS DEAL HAS JUST BOUGHT MARKETS SOME TIME BEFORE ATTENTION IS TURNED ON THE COUNTRY'S BORROWING LIMITS

THE LATEST PRIVATE SURVEY OF HOUSE PRICES SHOWS THERE WAS A BIG DIVERGENCE IN AUSTRALIA'S CAPITAL CITY HOME VALUES LAST YEAR.

RESEARCH BY RP DATA SHOWS ON AVERAGE HOUSE PRICES LOST POINT-FOUR PER CENT.

DARWIN WAS THE BEST PERFORMER WITH PRICES UP EIGHT-POINT-NINE PER CENT MELBOURNE WAS THE WORST WITH PRICES DROPPING TWO-POINT-NINE PER CENT.

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