The Block Post Auction Results

How much more do we pay for The Block properties long after the series is over?

Nearly 50% of properties that featured on The Block have not made a profit when resold

If you’re a true Blockhead, you can recite the performance of the contestants from every season by heart. You’ll know the property reserves, the profits made by the contestants, and the blood, sweat and tears shed in the lead up to auction day. But what happens to the properties after that?

The Block 2016 final auction results

THE WINNERS - Karlie and Will - $2.6m, $715,000 profit - read recap

Julia and Sasha - $2.59m, $660,000 profit - read recap

Dan and Carleen - $2.3m, $525,000 profit - read recap

Kim and Chris - $2.305m, $425,000 profit - read recap

Andy and Ben - $2.25m, $510,000 profit - read recap

Watch season 10 contestants Josh and Charlotte's top renovation tips

We’ve investigated the sales history of each property to discover the extent to which bidders overpay on auction day. Which properties have sold again since their glory days on the show? And how do the post-auction sales compare to median unit prices for the suburb at the time they sell?

Here’s the lowdown.

How much money do properties on The Block make?

The majority of properties (76%) from The Block seasons 1-10 have not been resold since auction day. 22% of the properties have resold either once or twice, while just one property (1/77 Whistler Street, Manly) has sold 3 or more times since its original auction on the show.

In total, almost a quarter (24%) of the Block properties have resold, but it seems the glamour of being on the show doesn't contribute to long-term returns. Of these properties, 46% either sold below their previous auction price, or broke even. Given the general growth in the Sydney and Melbourne markets over that time, this is a surprising result, and suggests that the Block's allure rarely carries over once the season is complete.

Key Findings

% of properties that did not sell post auction76%
% of properties that sold 1-2 times post auction22%
Number of properties that sold 3+ times post auction1
% of properties that sold above previous auction price54%
% of properties that sold below previous auction price, or broke even46%
Average price increase for any property that sold above previous auction price$188,055.71
Average price decrease for any property that sold below previous auction price, or broke even$207185.00

Some of the properties from Season 2, Season 3, Season 4 and Season 6 have re-sold since their original auction on the show.

The other properties remain in the hands of the bidders that scored the property at the televised auction day.

Based on these numbers, we're not sure how lucky they are.

Season recap and findings

Season 1 (2003)

Just a stone's throw from Sydney’s Bondi beach, four couples were given 11 weeks to fully renovate an apartment from top to bottom. With $40,000 spend, all couples were given complete control over their execution and design decisions. Four couples went head to head to win the $100,000 cash prize.

The Block season 1

FUN FACT: The series was hosted by landscaping guru and pal-of-Oprah- Jaime Durie.

How have Season 1 properties fared since their auction in 2003?

Despite the passage of a dozen years, none of the units located at 67 Roscoe Street, Bondi, have resold since The Block auction.

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Season 2 (2004)

The second season of The Block was set on Sydney’s iconic Northern Beaches, in Manly.

With floors tainted with holes and rooms falling to pieces, the four couples had their work cut out for them. Little did they know- they were about to enter ‘renovation hell.’

As with 2003, the couples had full control over their renovations. It was up to the contestants to determine their execution and design and work with external contractors to deliver a complete makeover of their units.

FUN FACT: The Channel 9 logo still remains on this block - 11 years and going strong.

The Block Season 2

How have Season 2 properties fared since their auction in 2004?

All properties that featured in Season 2 have resold since their original auctions for The Block.

PropertySale PriceMedian unit price in areaDifference from medianMedian Price Ratio 
2/77 Whistler Street, Manly (sold 2009)$890,000$675,000$215,0001.32
1/77 Whistler Street, Manly (2007)$287,760$634,000$346,2400.45
1/77 Whistler Street, Manly (2008)$882,000$698,000$184,0001.26
1/77 Whistler Street, Manly (sold 2014)$1,140,000$854,000$286,0001.33
4/77 Whistler Street, Manly (sold 2009)$800,000$675,000$125,0001.19
3/77 Whistler Street, Manly (sold 2007)$820,000$634,000$186,0001.29
3/77 Whistler Street, Manly (sold 2012)$785,000$726,000$59,0001.08

86% of these post-auction sales (6 out of 7 properties) sold for a price greater than the median unit price for Manly at the time of their individual resale. In fact, Season 2 witnessed the highest number of  combined post-auction sales compared to any other series on the show (a maximum total of 7 sales compared to a maximum total of 1 sale for each of the remaining blocks).

It’s interesting to note that unit 1/77 Whistler Street sold the highest number of times (3), followed by unit 3/77 Whistler Street (2) which has sold twice, compared to all other post-auction sales for properties on the television series, that have only resold just once since their respective auction day.

The average difference between the post auction sale price and median unit price for Manly at the time of sale was $200,177.14.

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Season 3 (2010)

Contestants were challenged physically, mentally and emotionally during Season 3, which took place in Sydney’s ultra-trendy suburb of Vaucluse.

Four ambitious couples put their relationships to the test as they underwent renovation bootcamp to renovate an entire apartment block.

FUN FACT: Winning contestants, John and Neisha (107 New South Head Road, Vaucluse), walked away with $205,000, which represented the highest profit for The Block in 2010.

The block season 3

How have Season 3 properties fared since their auction in 2010?

2/107 New South Head Road, Vaucluse sold for a price greater than the median unit price for Vaucluse at the time of sale in 2014, which was $785,000 .

PropertySale PriceMedian unit price in areaDifference from medianMedian Price Ratio 
2/107 New South Head Road,Vaucluse (sold 2014)$1,190,000$785,000$405,0001.52

The sale of this property represented 1.52 times the median unit price of $785,000 for the suburb in 2014. This equates to a $405,000 difference between post auction sale price and median unit price.

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Season 4 (2011)

Set in Melbourne’s inner city suburb of Richmond, Season 4 came with a twist.

In previous series, four couples moved in to four run-down apartments and were given a fixed budget to spend as they saw fit.

This time, 8 couples had to compete in an initial series of super challenges, until just 4 couples left standing.

The block season 4

How have Season 4 properties fared since their auction in 2011?

43 Cameron St, Richmond sold for a price greater than the median unit price for the suburb in 2013, which was $486,000.

PropertySale PriceMedian unit price in areaDifference from medianMedian Price Ratio 
43 Cameron St, Richmond (sold 2013)$1,038,000$486,000$552,0002.13

This sale represented 2.13 times the median unit price for Richmond at the time of sale.

FUN FACT: Three out of the four properties from Series 4 passed in and did not sell above their reserve at auction.


Season 5 (2012)

Season 5 was a “cracker”, according to Scott Cam. Eight teams competed in a range of cut-throat renovation eliminations to fight for one of the four final spots on the show. Given 24 hours and a budget of $5,000, the contestants had limited resources to impress the judges.

With a South Melbourne backdrop, the final 4 couples had to makeover an apartment attached to a 150-year-old building, as they fought for the $100,000 cash prize.

The Block season 5

How have Season 5 properties fared since their original auction in 2012?

None of the properties that featured on Series 5 have resold since their auction day on The Block.

FUN FACT: The winners, Brad and Lara, sold their unit for $1.62 million, blitzing their $1.11 million reserve.

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Season 6 (2013)

Five teams (rather than four) battled it out in Series 6 of The Block, based in South Melbourne.

The highrise building featured 6 storeys of solid concrete, as well as a roof terrace with panoramic views of Melbourne’s CBD.

Blood, sweat and tears were shed as the contestants gave it their all to take home the $100,000 cash for the biggest auction profit.

blockseason6

How have the properties from Season 6 fared since their auction in 2013?

301/142 Park Street in South Melbourne sold for a price far greater than the median unit price for South Melbourne, which was $550,000 in 2014. This represents the highest disparity between sale price and median unit price than any other property on The Block.

PropertySale PriceMedian unit price in areaDifference from medianMedian Price Ratio 
301/142 Park Street South Melbourne (sold 2014)$1,507,000$550,000$957,0002.74

This sale represented 2.74 times the median price for South Melbourne, which is the highest disparity between sale price and average unit suburb price for any series of The Block.

The difference between post auction sale price and average property price for South Melbourne was a staggering $957,000.

FUN FACT: Alisa and Lysandra’s apartment was the first to go under the hammer, so they had to wait in anticipation for the remaining apartments to be auctioned, before learning that they’d won the series.

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Season 7: All Stars (2013)

The contestants on Series 7 All Stars had one thing in common: they’d been through the process before.

Set in Sydney’s Eastern suburb of Bondi, eight former Blockheads returned to prove to Australia that they still had what it takes.

The block season 7

How have the properties from Season 7 fared since their auction in 2013?

None of the properties from Season 7 All Stars have resold since their original auction in 2013.

FUN FACT: Alisa and Lysandra’s apartment sold for $1.435 million which was a whopping $295,000 over their reserve.

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Season 8: Fans versus Faves (2014)

Throughout Season 8, contestants had to renovate large New York style lofts, including a rooftop terrace, entirely from scratch.

For this season, two teams were die-hard fans of the show, and the remaining two teams were previous contestants that returned to claim their title.

The block season 8

How have the properties from Season 8 fared since their auction in 2014?

None of the properties from Season 8 Fans versus Faves have sold since their previous auction in 2014.

FUN FACT: Some critics claimed that Steve and Chantelle’s win was a result of “buyer desperation”, rather than their effort, as their property was auctioned last.

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Season 9: Glasshouse (2014)

Located in ultra-trendy Prahan, the 1980’s Glasshouse was in close proximity to Melbourne’s Chapel Street. Boasting 3,300 square meters of floor space and 5 levels, the Glasshouse represented twice the size of the Dux House location featured in Series 8.

FUN FACT: For the first time in The Block history, as well as the judges voting, the contestants also judged one another’s rooms.

The Block Season 9

How have the properties from Season 9 fared since their auction in 2014?

None of the properties from Season 9 Glasshouse have resold since their original auction in 2014.

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Season 10: Triple Threat (2015)

Described as one of the toughest elimination rounds, Series 10 saw 6 couples fighting it out for 3 available spots on the competition.

The final three couples had to renovate an entire apartment in South Yarra, Melbourne, for delivery on auction day.

FUN FACT: No team on Series 10 walked away with less than $665,000 profit in their bank accounts. Nice!

The block season 10

How have the properties from Season 10 fared since their auction in 2015?

With minimal time on the market, it’s no surprise that none of the properties from Season 10 Triple Threat have resold since their auction in 2015.

Watch Josh and Charlotte's wrap-up of Season 10

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So what have we learned?

It appears that those who bid for a property successfully on The Block auction day typically overpay for the property by 1.43 times, compared to the median unit price for the area at the time of sale, on average.

While it’s expected that The Block properties are on the ‘premium’ end of the property market, it is surprising to learn that almost 50% of properties that have resold since their original auction have not made a profit compared to their previous sale.

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.

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2 Responses to How much more do we pay for The Block properties long after the series is over?

  1. Default Gravatar
    latest | October 27, 2016

    Will be away, so my question is when is the auction being held for the latest Block.
    As love to follow.

    • Staff
      Jodie | October 28, 2016

      Hi there,

      Thank you for your comment.

      The current season of The Block will be having its auction 12 November with open houses this weekend the 30 October 2016, you can have a look at all the listings for the apartments here.

      finder.com.au resident Blockspert
      Jodie

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