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Boom not just Auckland: ANZ

Thursday 20th of December 2012

It said a pick-up in building consents and construction work was a sign of the surge broadening.

The report said momentum was likely to build slowly over 2013.

The number of mortgage approvals this year is 23% higher than in 2011, and the value of approvals is 35% higher.

Of the report's 10 gauges indicating the pressures on house prices, one points completely up, three are steady, five are a mix of steady or up, and two are steady or down.

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