Property market poised for spring boom Appealing: Freshwater Beach is one of the jewels in the northern beaches crown. On your marks, get set, you homeowners-in-waiting, as spring is expected to be the biggest property sales period in years. Inspired by record low interest rates, home-buyers, sellers and agents are betting on a bumper season starting next month with a flood of properties likely to hit the market after the election. Frustrated house hunters Kim-Louise and Jason Darbyshire hope the new season will bring them better luck. They rent in Cammeray and have spent an arduous winter trying to buy an apartment in Surry Hills. House hunters Kim-Louise and Jason Darbyshire hope the new season will bring them better luck. "By Christmas we want to have bought a place and moved in," Mrs Darbyshire said. It has been so frustrating. We turn up to the first inspection day only to find the property has already sold. Places are getting snapped up very, very fast. The last big spring selling season in Sydney was in 2009, when the NSW and federal governments had significant financial incentives in place for first home buyers. A senior economist at Australian Property Monitors, Andrew Wilson, said that even without incentives, this spring will be just as big, if not bigger. "Money is cheap and it is becoming easier to get your hands on," he said. The Sydney economy is also looking good and that is a key factor that underlies the market. Chief executive of propertybuyer.com.au Rich Harvey has compiled a list of six suburbs to watch this spring. For investors, apartments in Surry Hills remain a solid option with strong demand for rentals pushing the median yield up to 5.6 per cent, SQM Research shows. Mr Harvey also identified Curl Curl on the northern beaches and Wahroonga on the upper north shore as his spring picks for upgraders. "Wahroonga has the schools, the train and the status," he said. Curl Curl also has status but according to APM its median house price of $1.56 million is well behind that of Manly ($1,715,000). First home buyers can also get a slice of beachside living in Freshwater where the median apartment price remains competitive at $515,000. But if bargain buyers want a big house, Mr Harvey says Lalor Park in Sydney's west is the go. The median house price for Lalor Park is just $362,500. "It is an evolving area with many old houses being demolished and news project homes being built," Mr Harvey said. That opens up opportunities for first timers to build new and receive the state government's $15,000 grant and stamp duty exemptions. But it is not all good news for buyers this spring, with Dr Wilson predicting prices will steadily increase until Christmas. Price growth in Sydney this year is likely to exceed 7per cent and could reach 10 per cent. Mrs Darbyshire is also apprehensive. "Sellers are probably thinking of waiting until spring to try get an artificially high price," she said. I just hope the prices won't be too inflated.