James Wilson: QV Operations Manager on the increase in residential home value - The Mike Hosking Breakfast

The tide could be beginning to turn on our real estate market. 

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. 

It's the first quarter of positive growth since the housing downturn began in late 2021. 

Operations Manager, James Wilson, says it's driven primarily by first-home buyers outside of our main urban areas. 

He expects the trend of flattening and slight increases will continue to be seen in coming months. 

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