Daily Telegraph Real Estate auction blog: live updates from the property market

Property auctions have been a mixed bag for sellers today, with plenty of properties failing to sell while others sold for up to $12m. See the latest results here

Welcome to The Daily Telegraph’s auction coverage.

Sydney’s once booming property market has started the year on shaky ground.

This weekend marked the first significant period of sales activity for 2022, but the nearly 350 auctions held across the city produced mixed results that may do little to quell looming uncertainty about the market.

There were multiple houses that sold for more than $100,000 over the reserves – some described by the agents as “inflated” – but there were multiple instances of properties passing in.

Many of the properties that passed in had the same “family-friendly” features that had ensured huge results last year, such as large backyards or extra rooms to convert into home offices. Rather than selling for the big sums expected, they failed to attract even a single bid at auction. Other properties were withdrawn from auction due to lacklustre buyer interest.

This week's auctions were the first real test for the market since mid-December last year.

Housing experts said there was likely enough momentum in the market from last year to ensure some fairly competitive auctions, but opinions varied on just how strong the market would open this year.

We've recorded some of the biggest auctions below: