RP Data-Rismark released their dwelling price data for April today (here). Brisbane and Perth are leading the price slide with Sydney and Canberra showing small gains. This follows a stream of poor economic data recently.
My reason for suggesting they must move down is that the economy was much weaker than they anticipated, and the outlook far less bouyant. Given this recent data one must think that their optimism is slowly fading.
2011 will be a very interesting year indeed.