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Treasury isn't predicting a large pick up in house prices

Friday 25th of May 2012
The pick up in activity is not just tired up with the Canterbury rebuild.
"Indicators of residential building activity show activity is likely to remain at a low level in the short term," according to the Treasury's advice contained in the economic outlook attached to Finance Minister Bill English's fourth budget.
"Household credit growth is weak and building consents are rising...
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