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PHOTO: Consumer outlook for house prices for the next 12 months. Image: NAB
Falling property prices are making headlines across the country, but some Australians are still expecting prices to skyrocket, a new survey shows.
Despite the national median house price dropping 6.5 per cent last year, according to the latest Domain House Price Report, about two in five people are still expecting price rises.
A survey of almost 2100 people, commissioned by comparison site Canstar, found 5 per cent of Australians expect prices to skyrocket, with an additional 33 per cent expecting steady growth, while a quarter predict prices will remain stable.
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