James Wilson: QV Operations Manager on property values rising for the first time since August 2023

Published: March 11, 2024, 7:59 p.m.

Property values are slightly higher on an annual basis for the first time since August last year. \xa0

The latest QV property index shows the national average house value in February is 0.6% higher than the same time last year. \xa0

However, it's still 13% lower than the market's peak in 2021. \xa0

QV Operations Manager James Wilson told Mike Hosking that the market is still really volatile.\xa0

He said that they\u2019re seeing a large number of listings, which quells demand and subsequently quells prices to a degree.\xa0

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