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The Block Auction Results 2013 All Stars on Channel Nine; 6-12 Tasman Street, Bondi. Auction guide circa $1.5 million.
Topic Started: 7 Mar 2013, 06:35 PM (12,712 Views)
Block Fan
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Channel Nine The Block All Stars auction is tentatively slated for late March.

The addresses are 6-12 Tasman Street, Bondi.

The auction will be be onsite and registered bidders by invitation only.

Public open house inspections are slated from next weekend (subject to television filming approvals as required by Waverley Council).

Two couples (Phil & Amity, Mark & Duncan) built designated third bedrooms.

The other two couples (Josh & Jenna, Dan & Dani) stayed with the 2 bed plus loft study plan.

Auction guide circa $1.5 million.
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zaph
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Block Fan
7 Mar 2013, 06:35 PM
Channel Nine The Block All Stars auction is tentatively slated for late March.

The addresses are 6-12 Tasman Street, Bondi.

The auction will be be onsite and registered bidders by invitation only.

Public open house inspections are slated from next weekend (subject to television filming approvals as required by Waverley Council).

Two couples (Phil & Amity, Mark & Duncan) built designated third bedrooms.

The other two couples (Josh & Jenna, Dan & Dani) stayed with the 2 bed plus loft study plan.

Auction guide circa $1.5 million.
You're a hopeless social media worker. If I was your boss you'd be in the skip along with the 70's carpet.

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frankrider
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Thanks Blockhead. Too bad I don't own a tv set.

Negative gearing is a form of leveraged speculation in which a speculator borrows money to buy an asset, but the income generated by that asset does not cover the interest on the loan

A negative gearing strategy can only make a profit if the asset rises so much in price that the capital gain is more than the sum of the ongoing losses over the life of the speculation. http://en.wikipedia.org/wiki/Negative_gearing
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Alex Barton
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Quote:
 
Bondi The Block All Stars buyers blindsided by purchase price secrecy

By Jonathan Chancellor
Tuesday, 19 March 2013

We live in the Information Age and also one of reality television entertainment.

And when the two worlds meet, there's possibly no obligation for full and frank disclosure.

But surely, when it's intended for four buyers to tonight spend $1.5 million-plus on a Bondi cottage, there is.

Sadly, when it comes to the original price paid for the four cottages in the current series of The Block All Stars, it has all been kept under wraps.

It's thereby a problem for prospective buyers seeking to ascertain the starting price point for their auction bidding.

The four cottages from 6 to 12 Tasman Street, Bondi, were sold in one line with the producers of the program using a little-used loophole to keep their purchase price secret from public eyes.

The loophole undermines the torrens title land registration system, which is based on transparency. The details collected provide same street, same suburb and even national knowledge that allows specific or cumulative insights for everyone from the neighbours to the Reserve Bank of Australia.

Property Observer estimated the original price was about $4.4 million, i.e. about $1.1 million each. But Property Observer later revised the likely sale price higher to $5.2 million, i.e. $1.32 million each.

All the semis between 2 and 12 Tasman Street are described on the heritage site as an "outstanding row of early 20th Century semi-detached. Unusual to find such an intact row in this area. The buildings also have special interest for their detailing. Local significance. circa 1915."

The cost of the development application works is put at $800,000 plus.

Another price guide has since become available from two very similiar cottages in the same row that sold in late 2011.

There was a cottage at 2 Tasman Street (pictured below), which sold at $1.32 million in September 2011 after some renovations.

There was also a cottage at 4 Tasman Street (pictured below), which sold in November 2011 at $1.29 million unrenovated.

It's owned by estate agent Seaton Jones who's marketing the cottage of the tradesmen contestants, Mark and Duncan.

Read more: http://www.propertyobserver.com.au/the-block-/bondi-the-block-all-stars-buyers-blindsided-by-purchase-price-secrecy
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ajax80
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Pretty big price discrepancies for virtually identical terrace houses (300k between last and first) with Phil and Amity winning with 1.67M and Mark and Duncan last.

Shows how much styling plays a part.

Personally I would never buy a house with a bidet or urinal- usually speaks volumes about the way the whole house is decorated/designed.
Edited by ajax80, 20 Mar 2013, 08:43 PM.
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GloomBoomDoom
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Quote:
 
But local property experts warned while the auction results were "strong" for the Bondi area, there was no "real world" profit in the outcome.
Bondi real estate expert Ric Serrao, principal at Raine & Horne Double Bay, said the results achieved at The Block auction were strong for the current Bondi market. But when taking into consideration what had been spent on the homes, there is not that much profit left over.
"If you'e looking to flick a Bondi house like that then you'd need to spend somewhere in the area of $250,000 to $300,000 to renovate, then consider stamp duty and holding costs," Mr Serrao said.
"I think The Block is a great show, I think it's fun. But if people really think they can do the same thing themselves, and they're not professionals, then they're getting the wrong message," he said.


Read more: http://www.news.com.au/entertainment/television/block-winner-rewarded-for-hard-labour/story-e6frfmyi-1226601841531#ixzz2O5lmUwK1
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Alex Barton
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Who won? Channel 9 The Block 2013 auction reserves and sale prices. Result: No real profit
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