Australian property prices: How low will it go?

Vendors selling their property in Australian capital cities have already started giving discounts on the advertised price say, experts. Such concessions, currently sitting around 5%, could continue rising as vendors face more pressure to sell says finance adviser Bishwas Bhattarai. How low can property prices go in places including Sydney and Melbourne? Here's what Bhattarai had to say.

Houses for sale and lease are advertised in the window of a real estate agent at Bondi in Sydney, Friday, April 24, 2009. (AAP Image/Tracey Nearmy) NO ARCHIVING Source: AAP