The Block’s winning auctioneer reveals why some teams were doomed to fail from the start


Nine’s big production mistake: The Block’s winning auctioneer reveals why some teams were doomed to fail from the start

The Block’s winning auctioneer Tom Panos has admitted he wasn’t surprised by the results of Sunday night’s nail-biting finale.

Two couples failed to sell their homes while Omar and Oz won a record $1.6M prize money during the final auction.

Panos said most of the couples were doomed to fail from the start because of the rural location of the properties and the current market.

The Block’s winning auctioneer Tom Panos (centre) said the show’s rural location doomed most contestants to fail from the start. Pictured Tom and winners Omar and Oz

‘The first reason the others didn’t do well was because of the market. It’s not a good time to be selling real estate,’ he told realestate.com.au,.

‘We auctioned the properties in an environment where there has been a bad narrative from the Reserve Bank about wanting to slay the dragon of inflation with higher interest rates.’

Tom went on to say the rural location of the properties in Victoria’s Gisbourne in the Macedon Ranges, also played a role in the shocking results.

‘This time last year was the height of exhilaration… A year later, people are back on planes. They are not doing tree-changes and sea-changes, they’re now in the city again,’ he said.

'The first reason the others didn't do well was because of the market. It's not a good time to be selling real estate,' he said before adding the rural location in Gisbourne, also played a role in the shocking results

‘The first reason the others didn’t do well was because of the market. It’s not a good time to be selling real estate,’ he said before adding the rural location in Gisbourne, also played a role in the shocking results

Omar Slaimankhel and Oz Malik were crowned the winners on Sunday, selling their reno for $5,666,666 and taking home a record-breaking $1.6million in prize money.

The western Sydney mates made the largest sum of all five Block houses, far exceeding the $4.08million reserve.

But there was also heartache for two couples, Ankur and Sharon, and Dylan and Jenny, who failed to sell their homes at auction.

Omar Slaimankhel and Oz Malik (pictured) were crowned the winners on Sunday, selling their reno for $5,666,666 and taking home a record-breaking $1.6million in prize money

Omar Slaimankhel and Oz Malik (pictured) were crowned the winners on Sunday, selling their reno for $5,666,666 and taking home a record-breaking $1.6million in prize money 

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

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

It’s the first time a Block property has failed to sell at auction since season four in 2011 when two teams’ homes were passed in.

Tom and Sarah-Jane didn’t fare much better, with their Macedon Ranges home selling for a profit of just $20,000.

There was also heartache for two couples, Ankur and Sharon, and Dylan and Jenny (pictured), who failed to sell their homes at auction

There was also heartache for two couples, Ankur and Sharon, and Dylan and Jenny (pictured), who failed to sell their homes at auction

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