Sydney Property Buyers Set for Spring Surge

Date: 13/09/2010

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Pent-up demand and improving confidence could see up to 100,000 property buyers hit the Sydney property market this spring.

Sam White, deputy chairman of Ray White and executive chairman of LoanMarket, told the Daily Telegraph that the Sydney market is "like a coiled spring", and that the property group expected intense competition for the expected 24,000 properties that will go on sale in the next couple of months.

Real estate agents are predicting that October will be a bumper month, due to a combination of improving economic sentiments and the continuing stalemate in Canberra.