Two teams, Can and Han and Emma and Ben, failed to sell their homes during The Block finale.
The houses of heartbroken contestants on The Block who didn’t sell at auction have been listed on the open market – but the odds will be stacked against the teams if they want to still score a profit, agents involved in the show have revealed.
This year’s season delivered mixed results for contestants, with two of the five teams failing to sell during the show’s much hyped auctions.
One team, Han and Can, attracted no bid, while Emma and Ben’s house passed in under the hammer after failing to surpass the reserve.
These properties have now come onto the market as regular sales and contestants can still attain a profit under certain conditions.
Emma and Ben’s home has been listed with the couple as the preview image, while Han and Can’s home has a regular house picture as the main image.
A source close to the show said the price expectations for the houses were likely to be $3.1m.
MORE: Shock move that will sink The Block 2026
Can and Han’s home passed in without attracting a single bid for the registered parties.
MORE: ‘Smells 24/7’: Secret way Block ruins homes
This would put them in the upper end of the Daylesford market, which only had three sales above the $3m mark prior to Sunday Block auctions.
Buxton Ballarat director Mark Nunn, the agent who sold the home of show winners Britt and Taz, said attendance at The Block auctions suggested there were still plenty of potential buyers in the area.
“They were all beautiful houses. There would still be buyers out there,” he said.
A potential catch was the price above $3m, he added. Mr Nunn explained that multiple agents involved in The Block auctions had urged Channel 9 to set the reserves lower.
“If they had reserves closer to $2.6m and $2.7m, they would have had five sales,” Mr Nunn said.
MORE: Off screen event doomed Block finale
The Block contestants Emma and Ben have been used as the preview image on the listing for their property after it was passed in at auction.
“There were buyers in the room willing to pay in the high $2ms, up to $3m.”
McQueen Real Estate-Daylesford director Kim McQueen, the agent for Mat and Robby’s home, which sold at auction, said Channel 9 never explained their insistence on $3m reserves.
“All the agents at auction were very disappointed with the reserves. We requested they be lowered but (Channel 9) said no.”
Ms McQueen added that there was plenty of buyer interest below $3m. She added that the properties that didn’t sell at auction would need to sell soon to have the best hope of delivering a profit.
MORE: ‘Sick of it’: Huge call to ‘ban The Block’
The Daylesford house of The Block contestants Han and Can has hit the market as a regular listing after passing in at auction.
“They will be more difficult to sell after the auction then during all the hype of the program and all the publicity. I say to our contestants our is aim to sell on the day because it gets much harder.
“I’m just happy that our property sold,” she said, adding that the $5m depreciation schedule provided for the properties would still attract interest on the houses that didn’t sell.
It would mean investors could claim massive tax savings, she explained.
“One of the big attractions for The Block houses is the depreciation schedule. It’s a huge benefit for investors … The last two houses will still have that.”
MORE: Why many people are wary of buying The Block homes
Veteran on multiple seasons of The Block Tom Panos said selling homes after the show finished was difficult.
The contracts governing these listings are complex and full details of the fine print are not publicly disclosed, but sources involved in the sales explained that hope was not lost for the unlucky contestants.
They would still be able to eke out a profit if the properties sold within a stipulated timeframe, the sources claimed.
The prices would also need to be above a sum set by Nine – most likely a figure in line with the $3m reserve prices set by the show producers just prior to Sunday’s finale.
Auctioneer Tom Panos, a veteran of multiple seasons of The Block, said the track record for homes that passed in during the finale was not good.
“Trying to get a property that (passes in at auction) on The Block to sell afterwards is extremely challenging. They stay on the market for months.
“The data doesn’t look good for properties that don’t sell on The Block. They don’t get a good price.”
Mr Nunn said part of the reason winning contestants Taz and Britt were successful at auction was because they “hit the brief of the local market really well”.
“They designed a really beautiful home,” he said. “But all five houses were pretty spectacular.”
English (US) · 