Why would they sell with the dollar going down? Everyone knows property is a long term game so they are hardly going to sell at a loss due to currency markets? Asian investors are very savvy and are looking at building long term wealth.
More likely, with the dollar falling, foreign currency will buy more AUD therefore making Australian property even more popular. That said I think most currency fluctuations at the moment are to do with the USD going up and down versus other global currencies while the world tries to figure out what the Fed and US economy are actually doing.
