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

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

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

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

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

LISTEN ABOVE

Property values are slightly higher on an annual basis for the first time since August last year.  
The latest QV property index shows the national average house value in February is 0.6% higher than the same time last year.  
However, it's still 13% lower than the market's peak in 2021.  
QV Operations Manager James Wilson told Mike Hosking that the market is still really volatile. 
He said that they’re seeing a large number of listings, which quells demand and subsequently quells prices to a degree. 
LISTEN ABOVE

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...