The Block’s jaw-dropping price guides offer a glimpse into Australia’s insane property market

By Liam On Sep 11, 2022

The soaring price guides for home featured on The Block in 2022 have shone a light on Australia’s out-of-control property market.

All five homes featured on Nine’s renovation show are expected to sell for between $4million and $4.4million – the biggest sales in its 19-year history.

The homes, located in Gisborne South in Central Victoria’s Macedon Ranges, are also valued way above the region’s median house price of $1.1 million.

All five homes featured on Nine’s renovation show are expected to sell for between $4 million and $4.4 million – the highest amount in the show’s 19-year history.

House one, renovated by married couple Tom and Sarah-Jane is a blend of architectural design and luxurious country living, with their 10-acre estate expecting to go for four times the region’s median price.

The property boasts soaring ceilings, lavish furnishings and spectacular views of the ranges around Mount Macedon.

The listing describes it as a bespoke designed classic Queenslander with a grand modern extension, taking country living to the next level.

Married couple Tom and Sarah-Jane have worked tirelessly to create the perfect blend of architectural design and luxurious country living. Pictured: Tom and Sarah-Jane

The listing reads: ‘The bespoke design combines a classic Queenslander with a grand modern extension, taking country living to the next level’

Likewise, house two, by Rachel and Ryan, is described as the ultimate in ‘luxury lodge country living’.

Sitting on a vineyard estate of 10 acres, the lavish property features expansive living areas, high ceilings and large windows opening up to the incredible view of Mount Macedon.

Rustic and warm, the design features a variety of natural finishings such as timber furniture, pure wool carpet and a stone fireplace in the master bedroom.

Couple Rachel and Ryan’s property is described as the ultimate in ‘luxury lodge country living’. Pictured: Rachel and Ryan

Sitting on a vineyard estate of 10 acres, the lavish property features expansive living areas, high ceilings and large windows opening up to the incredible view of Mount Macedon

Sharon and Ankur’s property differs from others as it sits on an elevated block, providing panoramic views of the Macedon Ranges.

‘Step inside the immaculately restored Victorian-era home and delight at the high ceilings, grand proportions and elegant period details,’ the listing reads.

Standout features include a double-sided fireplace and freestanding spa bath.

Engaged couple Dylan and Jenny’s property highlights sustainability and carefree elegance, according to the listing.

Sharon and Ankur may have ruffled feathers on the show, but the couple’s talent in the renovation game is undeniable. Pictured: Sharon and Ankur

‘Step inside the immaculately restored Victorian-era home and delight at the high ceilings, grand proportions and elegant period details,’ the listing reads

The north-facing country estate, which also sits on 10 acres, boasts a freestanding bath, a huge double shower and a spectacular walk-in robe.

Dylan and Jenny’s love for arched details takes centre stage in the build, with doorways, mirrors and a private arched entrance all featuring this domed look.

Finally, best friends Omar and Oz’ property is described as a ‘new benchmark luxury executive home’.

The property blends modern furnishings with old-world architectural details such as cathedral ceilings.

Engaged couple Dylan and Jenny’s property spotlights sustainability carefree elegance, according to the listing. Pictured: Dylan and Jenny

The north-facing country estate, which sits on 10 acres, boasts a freestanding bath, a huge double shower and a spectacular walk-in robe

‘This designer masterpiece delivers an indoor/outdoor lifestyle of incomparable quality, grandeur, and family flexibility on over 10 acres of land with views of the Macedon Ranges,’ the listing reads.

Unique features include a bedroom study nook, a freestanding bath, and a spacious walk-in robe.

Mitch Edwards and Mark McKie, who won The Block in Sydney last year, sold their stunning home for $4,04million with a $644,000 profit. All other homes on the show last year sold for between $3.6million and $4.4million.

Dylan and Jenny’s love for arched details takes centre stage in the build, with doorways, mirrors and a private arched entrance all featuring this domed look

Australia’s housing affordability crisis is now so critical, real estate more than an hour’s drive from the centre of major capitals Sydney, Melbourne and Brisbane is typically costing seven figures.

In late 2019, beachside homes with backyards on the NSW Central Coast, mid north coast, pockets of the Sunshine Coast and Victoria’s Mornington Peninsula had median prices under $600,000.

But now houses in these areas are typically selling for more than $1million as low interest rates and and a surge in people working from home spurs demand for homes in areas offering a good lifestyle.

Finally, best friends Omar and Oz’ property is described as a ‘new benchmark luxury executive home’. Pictured: Omar and Oz

In May, Australian couples on average needed to put 26.8 per cent of their before-tax pay packet toward mortgage repayments, compared with 25.7 per cent in January, finance and credit ratings firm Moody’s calculated.

The Commonwealth Bank is expecting house prices in Sydney and Melbourne to fall by 18 per cent by 2023 as interest rates kept on rising.

Investment bank Jarden Australia is expecting an even bigger 20 per cent plunge, which would be the worst since 1980.