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James Wilson: QV Operations Manager on the increase in residential home value
The tide could be beginning to turn on our real estate market.\xa0
QV data shows the average national home value increased by 0.5% in the last three months and its now sitting at just over $893-thousand.\xa0
It's the first quarter of positive growth since the housing downturn began in late 2021.\xa0
Operations Manager, James Wilson, says it's driven primarily by first-home buyers outside of our main urban areas.\xa0
He expects the trend of flattening and slight increases will continue to be seen in coming months.\xa0
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