Again go to the historical homes on the market as your reference that is a little more accurate and takes the hysteria out of it.
Lets see what unfolds in the next 6 months rather than harping on how its not in boom territory.We know that - try and move on from there as you evidently missed that one- We are now operating in more normal conditions although subdued and thank goodness for that. You keep going back to the boom - its over - we know -before the boom it was like it is now - but beware it has upside potential because of the redirection of stockmarket funds, increasing rental demand and yes a net inflow of people of consequence per week.