For some biased (negative) coverage, (it does contain some good stats between the spin) http://www.digitalfinanceanalytics.com/ and his youtube channel "Walk the world". There is no doubt that market in Sydney and Melbourne is having a bit of a pullback, just a question of how far and how fast it will go.

As for small/regional towns having property booms and busts when the large single employer/industry in that town/area has good times or bad.. whats new?