AFTER The Block judges Neale Whitaker, Shaynna Blaze and Darren Palmer unanimously picked Josh and Elyse’s home on last night’s episode to win Sunday’s auction, is this going to be a one-horse race?
WA contestants Ronnie and Georgia Caceras think not.
“You might have the best house in the judges’ eyes but that doesn’t necessarily mean you’re going to take the prize at the end of the day,” Georgia said.
“I think Josh and Elyse have quite a beautiful house and I also think Jason and Sarah have surprisingly put together a beautiful home too so I would say Houses #1 and #5 are very stiff competition.
“It definitely just comes down to personal taste; they’re not all too dissimilar to be fair.
“I think ours is quite unique being positioned in the middle, and we chose that for certain reasons, and hopefully that appeals to the buyers.”
The five couples on the popular Channel 9 show – including Victorians Jason & Sarah and Josh & Elyse, NSW’s Sticks & Wombat, and Queenslanders Hannah & Clint – will only find out their reserves as well as the auction order this Friday.
“We’re starting to get nervous,” Ronnie said.
“We’ve put all this hard work into it for the last three months and we’ve had control over that product all along and I guess, come auction, there’s an element of uncertainty.
“We are going in with a low expectation – as long as we sell it anything that we get over reserve is really just a bonus; you have to see it that way.”
The five residences are located a 25-minute drive south of Melbourne in Elsternwick.
According to Domain data, the clearance rate for four-bedroom residences in Elsternwick is at 76 per cent, just one point up from the average Melbourne clearance rate from last weekend.
That bodes well for all the contestants, with the houses marketed with a price guide of $2.4 to $2.64 million, slightly above the suburb’s median for similar properties.
Those in the know are expecting the five Regent Street properties to sell well but said a lot of it depended on who went under the hammer first.
“The median house price in Elsternwick is just over $2.1 million, however the popularity of The Block will definitely boost competition for these homes and we expect to see strong bidding under the hammer,” Real Estate Institute of Victoria chief executive Gil King said.
“There is a general perception among selling agents that auction order will impact on the final sale price – the first property to go under the hammer may benefit from increased competition and maximum buyers.”
Mr King said the residences were always going to be popular because family homes were in demand across Melbourne’s inner city.
“Large family homes are increasingly rare within 10km of the city, with all of the five homes likely to appeal to a broad range of buyers,” he said.
“The contestants have cleverly maximised available space, with the studio apartments suitable to be utilised as a home office.
“A clearance rate of around 75 per cent generally suggests that the market favours sellers, which will certainly benefit the contestants but, for the record, only 20 four-bedroom homes have gone under the hammer in Elsternwick this year with 12 selling – a clearance rate of 60 per cent.”
See all the drama of the auction this Sunday, October 29, on Channel 9 at 7.30pm.