PHOTO: Australian property

As house prices continue to fall nationally amid Australia’s shifting economy, some commentators fear that the country could be heading toward a property Armageddon.

But how do those uncertainties stack up when you take into account the last 20 years?

After all, in the last two decades Australia has faced the GFC, rising and plummeting interest rates, three leadership spills and the explosion of the internet.

Read more: Could Australia spark the next ‘economic Armageddon’?

Yet despite the turbulence, the property market has continued to grow, says property analyst and principal of Suburbanite Anna Porter.