Property Market turmoil

Two of the main differences between Sydney and the rest of the world is that property prices have not been going through the roof over the past few years and Sydney has a major shortage of property. With these two factors, it is probably the best time to buy.  Of course, when I talk, I am talking about the inner areas such as Eastern Suburbs, Lower North Shore, Upper North and Inner West. The mortgage belt is a different kettle of fish altogether.  

 Over the past few weeks, I have noticed a lot of people, who have been exposed to the media are "holding off".  This is dampening demand a bit but not past the point where properties are not selling.  Sellers are also holding off, which makes for increased demand.

 Most people who are holding off and waiting for a "bargain" will end up getting back in when everyone else does.  The thing is that, in most cases, a bargain does not present itself until you start negotiating. Which means, don't hold off but keep a keen eye focused on the properties coming on to the market, both listed and unlisted.