Real estate Sydney: latest auction results, records smashes as market bounces back

The spring selling season has finally arrived, late but with plenty of steam, as records were smashed and the market bounced back - at least for now.

Action at 25/40 Maria St, Petersham. The Apartment with expansive views sold for 1,610,000 dollars. Auctioneer Clarence White sold the property 350,000 dollars over the reserve of 1,260,000 dollars. Picture: David Swift.

It’s been a dramatic day of auctions across Sydney, as the spring selling season finally arrived, late but with plenty of steam.

Auctions were packed, records were set, as the market bounced back strongly, at least for now.

Welcome to The Daily Telegraph’s property auction coverage.

In the wake of yet another interest rate rise from the Reserve Bank, it is always interesting to see how the market reacts – will auction sales falter as owners withdraw their sales to chase a higher price, or will buyers snatch up the available stock before it’s too late?

One thing is certain: sellers are being forced to adapt after several months of price falls, while buyers are taking advantage of the less competitive conditions compared to Spring last year.

Agents are receiving mixed messages from bidders, with some properties drawing crowds, while others are passing in.

You can catch up on some of the biggest results below or watch the replays. There’s also an auction wrap-up here.