How the auction market tanked in parts of Sydney over 2015

By Sue Williams
Updated November 6 2015 - 8:08pm, first published 7:21pm
This home at 15 Morley Court, Baulkham Hills: passed in at $1.22 million. Photo: supplied
This home at 15 Morley Court, Baulkham Hills: passed in at $1.22 million. Photo: supplied
This house 28 Mary Street, Merrylands, didn't sell at auction for $800,000 and is now inviting offers at the same point. Photo: Jason Hall
This house 28 Mary Street, Merrylands, didn't sell at auction for $800,000 and is now inviting offers at the same point. Photo: Jason Hall
134 Daruga Avenue, Pemulwuy, was passed in at auction last weekend at $1.01 million. Photo: Eyad Bahadi
134 Daruga Avenue, Pemulwuy, was passed in at auction last weekend at $1.01 million. Photo: Eyad Bahadi
50 Spencer Road, Killara: was passed in at $1.81 million and is now for sale at about $1.8 million. Photo: supplied
50 Spencer Road, Killara: was passed in at $1.81 million and is now for sale at about $1.8 million. Photo: supplied

Auction clearance rates have crashed in some of the previously strongest areas for Sydney property, providing the strongest indication yet of a significant shift in sentiment and raising questions over continued price growth.

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