Auctioneer explains what will happen to The Block houses that didn’t sell


Auctioneer explains what will happen to The Block houses that didn’t sell after two couples were left penniless and heartbroken

Two homes failed to sell during Sunday’s finale of The Block leaving the contestants heartbroken. 

And on Monday, auctioneer Damien Cooley weighed in on the drama. 

Cooley told Nova’s Fitzy and Wippa show what will happen to the houses that were passed in.

Two homes failed to sell during Sunday’s finale of The Block leaving the contestants heartbroken. And on Monday, auctioneer Damien Cooley weighed in on the drama

‘So they’ll go back to market, they’ll most likely be either looking for a new buyer, or possibly one of the buyers that was there that didn’t place a bid,’ he told the radio hosts. 

‘They’ll go into negotiations now, and – I’m assuming – most likely have an asking price of a number that’s well above what that publicised reserve was.’

Cooley continued: ‘That reserve – bearing in mind, it’s just a low number that they want the contestants to make more than – I would have thought that they should be looking for something between 4.3 and 4.7 or 4.8 million, something in that range.’

There was heartache, with two couples, Ankur and Sharon (pictured), and Dylan and Jenny, failing to sell their homes at auction

There was heartache, with two couples, Ankur and Sharon (pictured), and Dylan and Jenny, failing to sell their homes at auction

Pictured is Ankur and Sharon's luxurious bedroom at their home

Pictured is Ankur and Sharon’s luxurious bedroom at their home 

Two losing teams from the finale of The Block: Tree Change are desperately seeking to find buyers for their properties after failing to sell in Sunday night’s finale. 

The couples, Ankur and Sharon, and Dylan and Jenny, did not manage to sell their homes at auction. 

Their properties were passed in when they failed to attract a bidder over their $4.08 million reserve price – with both attracting a highest bid of $4,075,000.

The couples continued to negotiate with their highest bidders after filming.

Their properties were passed in when they failed to attract a bidder over their $4.08 million reserve price - with both attracting a highest bid of $4,075,000. Pictured: Dylan and Jenny

Their properties were passed in when they failed to attract a bidder over their $4.08 million reserve price – with both attracting a highest bid of $4,075,000. Pictured: Dylan and Jenny

Pictured is the kitchen in Dylan and Jenny's home

Pictured is the kitchen in Dylan and Jenny’s home

It’s not the first time that a Block property has failed to sell at auction.

Back in Season Four in 2011, houses created by Josh and Jenna, and Rod and Tania, in Cameron Street, Richmond (Vic) were passed in. 

‘It was a bittersweet day. We had one incredible high and some crushing lows for our Blockheads, who all worked the hardest I’ve ever seen to deliver these houses,’ host Scott Cam said on Sunday evening.

'So they'll go back to market, they'll most likely be either looking for a new buyer, or possibly one of the buyers that was there that didn't place a bid,' he told the radio hosts

‘So they’ll go back to market, they’ll most likely be either looking for a new buyer, or possibly one of the buyers that was there that didn’t place a bid,’ he told the radio hosts

‘As we’ve seen many times before, we’ll continue to negotiate with interested buyers to sell these homes, which are still on the market. I’m gunning for a positive result.’ 

Speaking about the shock results, The Block co-creator and Executive Producer, Julian Cress, said: ‘We’re in a very volatile real estate market and we’ve seen large and unexpected interest rate increases, including one just this week. 

‘While we had many registered bidders, clearly something has spooked the market.’

'They'll go into negotiations now, and – I'm assuming – most likely have an asking price of a number that's well above what that publicised reserve was,' he added

‘They’ll go into negotiations now, and – I’m assuming – most likely have an asking price of a number that’s well above what that publicised reserve was,’ he added

Read more at DailyMail.co.uk