The Block 2015: Which auction order is best?

Information verified correct on December 6th, 2016

With the auctions just around the corner, some of The New Block 2015 contestants talk auction strategy with their agents. The experts advise that going either first or second may be the pick of the bunch when given the chance to decide pecking order come auction day.

The Block 2015 auction order

The final week of The New Block 2015 is in full swing. Although the contestants have handed over the start-of-the-art common areas including the rooftop terrace, wellness centre, cinema room (featuring reclining chairs with refrigerated cup holders) and the Mr Zen cafe downstairs, The Blockheads are now madly working to deliver the final challenge apartment rooms.

While teamwork has never been more important, not everyone is stoked with the ‘all in’ approach, as Caro and Whitney went head-to-head. Despite these adversities, the contestants are giving it their all as the results this week have the potential to change auction fate; not only does the winner receive a brand new Suzuki (worth $30,000) to sell to the highest bidder, but they also get first choice of auction order.

Read our full analysis about the importance of auction order in The Block

ALSO READ: Will low auction clearance rates harm The Block auction results?

ALSO READ: What price will The Block properties go for?

ALSO READ: How much do we pay for The Block properties once the series is over?

Which order is most strategic?

With auction order up for grabs this week, Kingi and Caro called in their real estate agent Mark Konishi from Hockingstuart to talk auction strategy. Konishi advises that if it's a small pool of buyers, it may be advantageous to go first.

“We need to factor in that your reserve will be the lowest, because we’re the lowest level. So the issue we have is that.. how many buyers are going to be left when we get to auction number five? So my thoughts are that if you win the challenge and you’ve got the choice, I’m confident that you can go first. Your reserve is going to be lower, so we’ve got to focus on the amount you receive above the reserve price”, Konishi said.

Up on level four, Luke and Ebony had the same idea. When tossing up which auction order would be most strategic, their real estate agent Andrew Crotty from Biggin Scott, advised them that second place could yield the highest sales price.

Mister Zen Cafe The Block 2015

Mister Zen Cafe. Image: Channel 9

“I’m thinking maybe second and the reason for that is this; If we go first, there’s a bit of uncertainty about how the pricing goes, so what is the pricing?

“In an ideal world, they’ll [the penthouse contestants Dean and Shay] go first, it sets the record price and people feel comfortable with what they’re bidding on and the prices they’re bidding to, so there’s a line drawn in the sand. So first preference is second, second preference is first”, he said.

It’s a marathon renovation race this week as the stakes have never been higher. The stage is set for some of the highest reveal scores in The Block history.

The next episode of The New Block (2015) is tonight Monday November 23 at 7:30pm.

The Block (2015) auction will be held on Wednesday, 25 November,at 7:30pm on the Nine Network.

Images: Channel 9

Belinda Punshon

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

Was this content helpful to you? No  Yes

Related Posts

Ask a Question

You are about to post a question on finder.com.au

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Disclaimer: At finder.com.au we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
Rates and fees mentioned in comments are correct at the time of publication.
By submitting this question you agree to the finder.com.au privacy policy, receive follow up emails related to finder.com.au and to create a user account where further replies to your questions will be sent.

Ask a question
feedback