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Average national home value increases for the first time since 2021

Author
Newstalk ZB,
Publish Date
Tue, 12 Sep 2023, 8:49AM
Photo / Supplied | File
Photo / Supplied | File

Average national home value increases for the first time since 2021

Author
Newstalk ZB,
Publish Date
Tue, 12 Sep 2023, 8:49AM

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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