All of the apartments at this week's Ray White City Apartments were passed in without a single sale being made under the hammer.

There was a good mix of nine apartments on offer that would have appealed to both investors and owner-occupiers and there was a reasonable crowd in attendance, but they remained cautious and tended to keep their hands in their pockets.

Five of the apartments did not attract a single bid from potential buyers although the auctioneer was busy making vendor bids throughout the proceedings, but in most cases that wasn't enough to encourage others to follow suit and make a bid of their own.

Even those apartments that did attract genuine bids were passed in when they failed to meet their vendors' reserves.

Significantly five of the nine apartments had been purchased since July this year, meaning their vendors had owned them for a maximum of four months before putting them back on the market but all were passed in when they failed to meet their reserves.

That suggests the days of the quick flick for quick profit may be drawing to a close.

See below for the full results of this week's Ray White City Apartments auction are below: