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