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A new trailer for Sunday’s season finale of The Block hints at heartbreak for some of the contestants as they face the possibility that their homes may not be sold at auction.
While sales have been virtually guaranteed in previous seasons of the Channel Nine refurbishment show, rising interest rates and falling house prices combined with a move to rural Victoria have created uncertainty for the five teams.
A promo released Monday shows House 2’s Ryan and Rachel Carr looking gloomy as they discuss the prospect of leaving the show empty-handed.
A new trailer for Sunday’s season finale of The Block hints at heartbreak for some contestants as they face the possibility that their homes may not be sold at auction
“These houses might not sell, so the whole unknown is actually pretty scary,” Ryan says, as his wife stares blankly into the distance.
The pressure also gets the better of Sarah-Jane, who looks shattered as she buries her face in her hands while standing in the middle of an unfinished room.
Meanwhile, Scott Cam, dressed in a suit, reassures the teams: “Everyone wants you to make money.”
A promo released on Monday shows House 2’s Ryan and Rachel Carr looking gloomy as they discuss the prospect of leaving the show empty-handed
The pressure also gets the better of Sarah-Jane, who looks shattered as she buries her face in her hands as she stands in the middle of an unfinished room
The trailer then passes to a series of auctioneers who say, ‘Going, going, gone.’
At the end of the promo, House 3’s Sharon Johal and Ankur Dogra look back on their arduous journey to auction day.
“Our house is the largest house in the neighborhood,” Sharon says, as she and her husband stand on their patio overlooking the Macedon Ranges.
Tradie couple Dylan and Jenny from House 4 confidently end the trailer by saying they “can do anything.”
The trailer then moves on to a series of auctioneers who say, ‘Going, going, gone’
Under the show’s longstanding rules, the team that makes the largest profit above reserve on auction day will take home an additional $100,000 prize.
Despite promises of big sales, some real estate experts have expressed concerns that the properties will not sell within their $4 million to $4.4 million price guides.
This is because the average house price in the Gisborne area is about $1.1 million.
However, sources at Nine are confident that the houses will destroy their reserves due to their ultra-stylish designs, great location and resale potential.
House 4’s Tradie couple Dylan and Jenny confidently end the trailer by saying they ‘can do anything’
It comes after a former Block contestant revealed she was “really concerned” about this year’s teams for fear their homes won’t sell on auction day.
Kirsty Lee Akers, who made a profit of $301,523 with husband Jesse Anderson during the 2021 season, predicts that the “cooling” market and overambitious minimum prices are a recipe for disaster.
“I hope I’m wrong, but I have a really bad feeling about this year’s auction,” the country musician said. women’s Day on Monday.
Former Block contestant Kirsty Lee Akers (left), who made a $301,523 profit with husband Jesse Anderson (right) during the 2021 season, has revealed she is “really concerned” about this year’s teams for fear that their homes will will not be sold on auction day
“Interest rates have skyrocketed and the market has cooled, and everyone is saying these homes will sell for $5 million, but some of the better homes that have recently sold in that area [the Macedon Ranges in Victoria] only made about $2 million.
“That’s a huge price difference.”
Kirsty also noted how the most recent season of The Block New Zealand proves that sales aren’t always guaranteed.
On a heartbreaking auction day, two houses went unsold as the winning team made a profit of just NZ$4,000 and the runner-up walked away with just NZ$100.
“I hope I can swallow my words, but I’m really worried about them all,” Kirsty said.
She predicts the ‘refrigeration’ market and over-ambitious minimum prices are a recipe for disaster
This year’s season of The Block was particularly grueling with the Blockheads dealing with infighting, weather damage and emotional breakdowns.
With just a week to go before the grand finale, there are now legitimate fears that some contestants won’t make a profit if their homes go up for auction.
“The Block houses are not cheap to assemble and the market has taken a big hit with rising interest rates,” a source said. New idea.
The Block Final will air on Channel Nine and 9Now at 7pm on Sunday
The Block Final will air on Channel Nine and 9Now at 7pm on Sunday