It's the beginning of a crash (again), no doubt.
Actual London prices (not asking prices) are up by a thumping 83 per cent since their 2009 nadir, so are probably overdue for a correction anyway.
Mortgage rates available from under 1 per cent are still stoking demand, though.
Full report from Rightmove can be found here.
The Reserve Bank of Australia's Board Minutes for July leave the door open for a rate cut in August.
In particular, note the closing paragraph.