With spring just around the corner, the property market in NSW is normally set for an upswing. This however may not be the case this year as experts across the state and the country are divided about what the warmer weather may bring. The Sydney Property Outlook remains undetermined.

A spokesperson from Mortgage Choice has suggested property investors have been holding back until the strong spring season begins and more properties are launched onto the market, suggesting a strong Sydney property outlook for the rest of the year.

Others think a more subdued property market over the next few months in NSW and Sydney, due to the strong Growth in Sydney and NSW earlier on in the year.

While a more subdued property outlook on the Sydney market may be applicable for the established property market, there are few signs that the off the plan property market in Sydney and NSW are slowing down, especially with the NSW Governments Stamp Duty benefits currently available for those off the plan properties under $600,000.

The Sydney market may have relatively low capital growth over the next 6 months which could be related to the uncertainty around the global economy, interest rates and Australia’s Leadership in Government, however don’t expect property investors to slow down buying a new investment property.

One thing for sure, which everyone in the media seems to forget, is that investing in property is for the long term. To buy investment property based on short term changes in the Sydney property outlook is not the best way to research and buy property. Look for suburbs with infrastructure growth, low supply, increasing population and most importantly a location where rental growth and capital gains are likely to be achieved over the long term.