I haven't looked at what is happening in Pommieland for a while, so let's take a quick shufti through the latest chart packs.
Policy has worked.
Meanwhile inactivity fell sharply employment rate has surged to 73.2 percent.
Therefore real wages are at last rising nicely too.
Quite clearly there is no property bubble ex-London despite what the media reports.
Mortgage volumes were well and truly gummed up by the recent and painful Mortgage Market Review (MMR) - the quintessential Sarbanes-Oxley of mortgage markets - but it seems that stamp duty reform is beginning to fire up the market away from London (at long last).
I'd take a bet that mortgage volumes will begin to recover too as the paper-shuffling of the MMR recedes into the rear-view mirror.
As expected the capital city market - and particularly that of Prime Central London - has outperformed regional dwelling prices by a huge margin.