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WA tipped to lead house price surge

Perth has been tipped to record the highest growth in median house prices over the next three years, as buyers return to the market amid improving conditions, a report says.

The Residential Property Prospects, 2012 to 2015 report from economic forecaster BIS Shrapnel says NSW and the resource-rich states of Western Australia, Queensland and the Northern Territory are already showing signs of recovery.

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