prosper australia see prices falling 15-20%

Prosper Australia see prices falling 15-20% this year. I am expecting a 5-10% fall myself. But a 20% fall is not impossible.

They cite the following reasons:

• Potential First Home Buyers wary of commitment
• Volume of stock for sale a swollen flood
• Consumers dis-leverage Australia-wide
• Banks unwilling to finance credit creation

http://www.prosper.org.au/2012/02/23/prosper-sees-property-price-falling-15-perhaps-20-in-2012/