The Block 2015: Dean and Shay take out a winning profit of $755,000

The eleventh season of The Block is over. During the past 3 months, the contestants went through a whirlwind as they completely and utterly transformed their South Yarra apartments, creating some of the most unique and impressive spaces we’ve seen over the course of the show.

With electric, fast-paced and emotionally charged atmospheres, find out what went down on auction day.

The Block allIt’s auction time.

If we rewind back to the humble beginnings of the contestants, the eleventh season of The Block began with the baptism of five teams of renovation newbies with zero renovation or project management experience.

Often described as the ‘renovation rookies’ or ‘deer-in-headlight’ contestants, it’s hard to believe just how far the now-seasoned renovators have come after their experience on the show.

With some of the most memorable designs (and personalities-- we are intrigued by how the audition process works), the season kicked off with the surprise 24 hour colour challenge where the teams were thrown into the deep end as they battled it out to score first choice of apartment level (e.g. the penthouse).

Facing hurdle after hurdle, the contestants successfully delivered powder rooms, laundries and studies, kitchens, master bedrooms, foyers and terraces.

Not only did the contestants have to reinvent these spaces with sophisticated design and execution, but they also had to work around an army of construction workers (not to mention the filming crew).

To top it off, Scott Cam sprung an entire extra apartment on them for the communal challenge, along with the rooftop terrace and cafe’ Mr Zen downstairs to truly test their limits.

This season we witnessed one of the most creative ways in which contestants discovered their reserves in The Block HQ. Instructed to wear the Scann3D virtual reality headsets, contestants went on a bird’s eye view and augmented journey through their apartment for a game of hide and seek.

The aim? To discover where ‘ForeDan’ was hiding with the keys to unlock the case that held the all-important reserve figure.

Auction results

As one of the toughest seasons to date, the results speak for themselves. Find out what The New Block properties sold for and who took home the highest winnings.

Contestants Reserve Sale Price Winnings Position
Dean and Shay $1,645,000 $2,300,000 $755,000 (including $100,000 cash prize) First
Luke and Ebony $1,560,000 $2,200,000 $640,000 Second
Kingi and Caro $1, 330,000 $1,735,000 $405,000 Third
Whitney and Andrew $1,400,000 $1,790,000 $390,000 Fourth
Suzi and Voni $1,480,000 $1,829,000 $349,000 Fifth

Watch our interview with Dean and Shay's auctioneer Damien Cooley

Auction summary

1. Kingi and Caro

Kingi and Caro auctionKingi and Caro were first off the ranks, but this auction position didn’t come without a fair share of drama as Luke and Ebony had graciously swapped position five with them. With a reserve of $1,330,000, the opening bid was made at $1,500,000 which gave them an instant $170,000 profit.

Although the bids were slow to begin with, the momentum soon picked up and the bids were made at $1,550,000 and $1,575,000. Kingi and Caro had paid off their mortgage within 5 minutes.

The bidders were silent, finished and done at $1,735,000 and they walked away with $405,000 in their pockets.

2. Suzi and Voni

Suzi and VoniTo take the lead from Kingi and Caro, Suzi and Voni would need to sell their unit for $1,185,001 (to be exact). The reserve price for their property was set at $1,480,000 and the first bid was quickly offered at $1,510,000 which equated to an opening profit of $30,000 above market price.

The bids rolled in at $1,600,000 to $1,620,000 and then slowed down at $1,760,000.

Suzi and Voni’s apartment was sold for an impressive $1,829,000 which provided them with a $349,000 bank account injection.

3. Dean and Shay

Dean and ShayAll eyes were on the penthouse with was given the highest reserve of $1,645,000 (keep in mind that Dean and Shay also had $10,000 stashed away in their apartment safe plus a brand new Suzuki parked in the driveway, so the stakes were always going to be high).

The ultra-competitive couple needed to sell for $2,050,000 to be crowned champions of the Blocktagon. The first bid was made at $1,810,000 which gave them a significant opening profit of $165,000.

The bids soon climbed to $1,850,000 which translated to a $205,000, but they didn’t stop there. As Scott Cam said “Listen to the frenzy”-- the atmosphere was electric and both the bids and emotions were running high.

As two bidders went head-to-head, the auctioneer Damien Cooley vamped up the spirits of the bidders, “Don’t lose it for $5,000, sir”, he said.

Dean and Shay’s penthouse went under the hammer for $2,300,000. They walked away cheering with the winning profit of $655,000 and the title of The New Block 2015.

4. Andrew and Whitney

Whitney and Andrew auctionAndrew and Whitney’s apartment was nominated a reserve price of $1,400,000. The initial bid was made at $1,460,000 which gave the renovation rookies an opening profit of $60,000 above market value.

Bids were made at $1,500,000 and upwards from there until the property was sold for $1,790,000. With $390,000, the contestants (who have now decided to “go their separate ways”) will split the cash between them 50/50.

Whitney said this will help pay off “mum and dad’s mortgage” with some change left over, and Andrew who plans to use the money to travel said “What a great day at the office.”

5. Luke and Ebony

Luke and Ebony auctionAs Luke and Ebony had selflessly switched auction order with Kingi and Caro, both teams were concerned with how things would pan out for the second-chance siblings.

To take out the winning title, Luke and Ebony needed their apartment to go under the hammer for $2,215,000 and with a reserve of $1,560,000 this didn’t seem too far-fetched.

The first bid was put forward at $1,610,000 which gave the siblings an instant $50,000 profit-- however things seemed to stall here as no further bids were made for a sufficiently long period of time (whether or not that was added drama on Channel Nine’s part due to the previous auction order kafuffle, we don’t know), but the bids certainly came to a halt.

We take our hat off to the auctioneer who took the tough crowd in his stride, “Don’t be shy ladies and gentlemen”, he said.

After a painful period of time, the next bid finally came in at $1,700,000 and the bids then escalated quickly to $1,800,000 shortly followed by $1,900,000. When the $2,195,000 offer was made, Luke and Ebony were just $25,000 from taking out the title of The Blocktagon.

The final bid was offered at $2,200,000 (just $15,000 behind Dean and Shay-- this could have been the difference between 1 or 2 more bids), and the contestants pocketed $640,000 cash.

Belinda Punshon

Belinda is a journalist here at Specialising in the home loans and property sections, she is passionate about helping Australians improve their financial wellbeing.

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