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House prices have risen for the first time in over a year, and also beat expectations for both annual and monthly gains. According to lender Nationwide, the average UK home rose 1.2 per cent in value over the year to February, to £260,420, as mortgage costs fell due to banks’ expectation that the base rate has peaked.
The rise marks the first annual increase since January 2023 and defies predictions from economists polled by Reuters, who forecast a 0.7 per cent…
Albert Andrews has been something of a local identity in Point Chevalier – the former sparky has owned a house there for more than 70 years.
It’s the last house standing in Parr Road North (number 12), on the side of the street that is part of the block being redeveloped for Foodstuff’s new New World supermarket. Andrews’ two sons, who are in their 70s, continue to live in the house where they grew up, while he now lives in Mt Albert.
Andrews, 93, doesn’t want to sell, and says just over a year ago he turned down a $NZ2.5m…