Via CoreLogic, listings have rebounded but remain very weak:
Mortgages are rebounding strongly:
Though this index does not take account of investor mortgages which remain very weak:
Conditions for price rises are obviously in place. But unless or until investors return I can’t see it all going boom. There’s just not enough income. We need rehypothecation!
I’d guess that investors will remain sidelined until rents stabilise and that will take a resumption of mass immigration.