Channel 9 The Block 2011: Purchase, Reserve & Sale Prices, Renovation Costs, Rental Yields; Block houses expected to lose half a million dollars each. All four cottages bought by investors.
Tweet Topic Started: 22 Aug 2011, 09:43 AM (26,554 Views)
The third Block house has sold. It sold for $922,000, well over the reserve of $850,000. This is a house that was passed in at auction! This smells rather fishy. Probably bought by a real estate agency to give a false impression of market health.
The final two houses from TV reality show The Block have sold, with Rod and Tania Walsh’s property at 43 Cameron Street, Richmond fetching $922,000 and Josh Densten and Jenna Whitehead’s property at number 37 fetching a cool $1 million after three days of feverish negotiations.
The final two houses from TV reality show The Block have sold, with Rod and Tania Walsh’s property at 43 Cameron Street, Richmond fetching $922,000 and Josh Densten and Jenna Whitehead’s property at number 37 fetching a cool $1 million after three days of feverish negotiations.
Rod and Tania's house sold on Tuesday night in a backyard "mini-auction" attended by six potential buyers - only one of whom attended the filmed auction on Saturday night.
The houses were among three passed in at the group auction held on Saturday night and broadcast on Nine on Sunday.
The Walsh house had a reserve of $850,000, meaning the couple will pocket the $72,000 difference.
Josh and Jenna’s house had a reserve of $950,000, meaning the newly engaged couple will pocket a $50,000 profit. On Saturday night, they turned down an offer for the house at its reserve price, believing they could get more for it.
The renovation contest was won by Polly Porter and Waz Jones when their house sold on Saturday night for $855,000, $15,000 above reserve. They pocketed the difference plus the $100,000 prize money.
$1 mil sale? IMO this is all BS , those last 2 houses didnt sell to real people, if i'm right they won't be able to keep a lid on this and it will come out in the wash, something about the RE industry or Ch9 promotions behind these last sales..... betcha !
$1 mil sale? IMO this is all BS , those last 2 houses didnt sell to real people, if i'm right they won't be able to keep a lid on this and it will come out in the wash, something about the RE industry or Ch9 promotions behind these last sales..... betcha !
so somebody didn't want to put $900k bid just to be able to pay $1m :lol:
maybe these properties were not advertised very well so potential buyers were not aware these houses awere for sale? :lol: :lol:
Things like this happen all the time, every day, every weekend as property sells in our biggest cities - including properties passing in at auction and subsequently selling for above reserve. You guys and your bearish conspiracy theories! :lol:
For Aussie property bears, "denial", is not just a long river in North Africa.....
$1 mil sale? IMO this is all BS , those last 2 houses didnt sell to real people, if i'm right they won't be able to keep a lid on this and it will come out in the wash, something about the RE industry or Ch9 promotions behind these last sales..... betcha !
so somebody didn't want to put $900k bid just to be able to pay $1m :lol:
maybe these properties were not advertised very well so potential buyers were not aware these houses awere for sale? :lol: :lol:
+2
If this was the case, there are some moronic house purchasers out there.
Things like this happen all the time, every day, every weekend as property sells in our biggest cities - including properties passing in at auction and subsequently selling for above reserve. You guys and your bearish conspiracy theories! :lol:
this happens a lot when auction is not properly advertised
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