The Block 2025 contestants Can and Han as well as Emma and Ben are almost certain to miss out on a payment as Channel 9 cuts prices on their renos.
The Block’s failed Daylesford auction properties are getting six-figure price cuts six months after they flopped under the hammer.
Agents involved in the sales have also revealed there hasn’t been a single inspection for the homes this year as they have languished with price tags more than triple the Victorian town’s median.
A statement of information for House 2, located at 4 Cedar Lane, from the show, renovated by Han and Can, shows a $2.9m price guide.
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It is now below the $2.99m reserve set for the show’s auction finale.
Belle Property’s Will Walton is handling the sale and confirmed a new sales campaign will shortly kick of for the home after the price was revised late last week.
House 1 at 5 Cedar Lane, renovated by Emma and Ben, also passed in at the TV auction and remains listed with a $3m-$3.3m guide in the statement of information.
However, Ray White listing agent Aaron Hill said he was seeking to have the figure reduced even more significantly than $2.9m.
4 Cedar Lane, Daylesford, or House 2 as it was known on the show, has had a price cut to $2.9m.
The home’s lavishly appointed interiors wowed judges, but not buyers.
The Block 2025 contestants Han and Can are still waiting for their renovation project from the show to be sold. Picture: Channel 9
“It’s an amazing property, and I have people who will buy it and they are lined up at different prices — but not at $2.9m,” Mr Hill said.
Since the show aired the Aussie property market has endured two interest rate hikes, with a third expected as soon as next month.
While the war in Iran has shaken consumer confidence and caused fuel price surges that are expected to hit regional housing markets harder than metropolitan ones.
Asked if a bigger price cut was needed to avert the risk the properties could still be waiting for a buyer by the time of the show’s next auctions in Mt Eliza this year, the agent said “100 per cent”.
“They haven’t had inspections there (Daylesford) this year,” Mr Hill said.
It’s a fresh blow for the contestants who put in the hard work, with their prospect of making a windfall from their months spent in filming resting on selling above the reserve.
With both homes likely to now be advertised below the show’s original reserve prices, it would seem to confirm there is no longer any hope of a pay out.
It comes after new parents Emma and Ben sold their own Victorian home earlier this year for $1.86m after their hard work on the show failed to yield a sale.
Locally based Mr Walton noted that Daylesford was just kicking off its main festival season and prime time for sales.
There would be a number of elite new homes hitting the market in the town and region over the coming weeks.
5 Cedar Lane, Daylesford, also passed in at auction last year and is still waiting for a sale.
Lavish features and furnishings have yet to lock in a buyer for the house.
Husband and wife Emma and Ben sold their own home after their stint on The Block failed to pay off. Picture: Channel 9.
He added that with feedback from Melbourne-based buyers inspecting other homes in the region indicating they were looking for a lifestyle change.
Some were even considering selling up in response to safety concerns in the Victorian capital’s more affluent suburbs, a $2.9m price guide could be feasible for The Block homes.
“We feel really positive about this,” Mr Walton said.
The agent noted that with one of the highest concentrations of award-winning restaurants in a small area in the state.
As well as a thriving local community, the region was likely to appeal to those seeking a relaxed lifestyle that still offered plenty to do.
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