We have The Age dropping a few bombs just before the weekend.
"House prices 25% overvalued: The Economist" http://www.theage.com.au/business/property/house-prices-25-overvalued-the-economist-20111125-1nyvv.html
Bang!
"House prices at risk from Europe crisis" http://www.theage.com.au/business/property/house-prices-at-risk-from-europe-crisis-20111125-1nxsm.html
Bang again!
"How will house prices change over the next 12 months?" Fall by 10% or more - 41% Fall by 0-10% - 28% Little changed - 23% Rise by 0-10% - 4% Rise by 10% or more - 4%