A return to growth in New Zealand's housing market

Corelogic's Home Value Index saw property values rise by 0.3 percent in February -- the strongest increase in more than a year.

That follows a cumulative negative 4.1 percent decline from March to September last year.

Chief Property Economist, Kelvin Davidson says he thinks the housing market's returned to a more stable phase, post-pandemic.

He says with wage growth coming through, there's a path to reasonably stable house prices ahead.