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HOME buyers looking to enter the property market for the first time should wait until spring to to make their move according to real estate experts. There is an expectation that prices will begin to move south as the weather warms up.

According to a report in the Australian, Sydney, Melbourne and Adelaide have all recorded reasonably healthy auction clearance rates this weekend, with Brisbane – where private sales outweigh auctions – the only exception.

Australian Property Monitors are reporting that In Sydney, 61.3 per cent of the 384 homes listed were sold at auction, an increase of 5.3 percentage points on last week’s 56 per cent clearance. In Melbourne, 60.8 per cent of the 555 homes listed were sold, a drop of 6.5% compared with last week’s 67.3 per cent.

The most expensive sale  in Sydney was a four-bedroom, 873sqm property at Vaucluse, which sold for $3.7m.

Melbourne, had it’s most expensive sale in Malvern East which was a four-bedroom, three-bathroom, 1920s residence , selling for $3.4m.

Managing director of SQM Research Louis Christopher said property prices would begin to slide as early as next month.

“Because winter is a traditionally slow period, we’ve not felt the full extent of the struggles in our market to date,” Mr Christopher said.

“We’re seeing a drop in total sales . . . sellers should seriously consider their options if they’re planning to trade up over the next 12 months, but for buyers it will be a great time to buy.”