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The Block 2025 contestants Can and Han as well as Emma and Ben are almost certain to miss out on a payment as Channel 9 cuts prices on their renos.<\/p>\n
The Block\u2019s failed Daylesford auction properties are getting six-figure price cuts six months after they flopped under the hammer. <\/p>\n
Agents involved in the sales have also revealed there hasn\u2019t been a single inspection for the homes this year as they have languished with price tags more than triple the Victorian town\u2019s median.<\/p>\n
A statement of information for House 2, located at 4 Cedar Lane, from the show, renovated by Han and Can, shows a $2.9m price guide. <\/p>\n
RELATED: Two Block houses languish on market 3 months after auction fail<\/a><\/p>\n Mt Eliza: The Block 2026 location revealed in $11m Peninsula deal<\/a><\/p>\n Block winners\u2019 $3.41m Daylesford home to open as holiday rental<\/a><\/p>\n It is now below the $2.99m reserve set for the show\u2019s auction finale. <\/p>\n Belle Property\u2019s Will Walton is handling the sale and confirmed a new sales campaign will shortly kick of for the home after the price was revised late last week. <\/p>\n House 1 at 5 Cedar Lane, renovated by Emma and Ben, also passed in at the TV auction and remains listed with a $3m-$3.3m guide in the statement of information.<\/p>\n However, Ray White listing agent Aaron Hill said he was seeking to have the figure reduced even more significantly than $2.9m. <\/p>\n 4 Cedar Lane, Daylesford, or House 2 as it was known on the show, has had a price cut to $2.9m.<\/p>\n The home\u2019s lavishly appointed interiors wowed judges, but not buyers.<\/p>\n The Block 2025 contestants Han and Can are still waiting for their renovation project from the show to be sold. Picture: Channel 9<\/p>\n \u201cIt\u2019s an amazing property, and I have people who will buy it and they are lined up at different prices \u2014 but not at $2.9m,\u201d Mr Hill said. <\/p>\n Since the show aired the Aussie property market has endured two interest rate hikes, with a third expected as soon as next month.<\/p>\n While the war in Iran has shaken consumer confidence and caused fuel price surges that are expected to hit regional housing markets harder than metropolitan ones.<\/p>\n Asked if a bigger price cut was needed to avert the risk the properties could still be waiting for a buyer by the time of the show\u2019s next auctions in Mt Eliza this year, the agent said \u201c100 per cent\u201d. <\/p>\n \u201cThey haven\u2019t had inspections there (Daylesford) this year,\u201d Mr Hill said. <\/p>\n It\u2019s a fresh blow for the contestants who put in the hard work, with their prospect of making a windfall from their months spent in filming resting on selling above the reserve. <\/p>\n With both homes likely to now be advertised below the show\u2019s original reserve prices, it would seem to confirm there is no longer any hope of a pay out.<\/p>\n It comes after new parents Emma and Ben sold their own Victorian home earlier this year for $1.86m after their hard work on the show failed to yield a sale. <\/p>\n Locally based Mr Walton noted that Daylesford was just kicking off its main festival season and prime time for sales.<\/p>\n There would be a number of elite new homes hitting the market in the town and region over the coming weeks.<\/p>\n 5 Cedar Lane, Daylesford, also passed in at auction last year and is still waiting for a sale.<\/p>\n Lavish features and furnishings have yet to lock in a buyer for the house.<\/p>\n Husband and wife Emma and Ben sold their own home after their stint on The Block failed to pay off. Picture: Channel 9.<\/p>\n He added that with feedback from Melbourne-based buyers inspecting other homes in the region indicating they were looking for a lifestyle change.<\/p>\n Some were even considering selling up in response to safety concerns in the Victorian capital\u2019s more affluent suburbs, a $2.9m price guide could be feasible for The Block homes. <\/p>\n \u201cWe feel really positive about this,\u201d Mr Walton said. <\/p>\n The agent noted that with one of the highest concentrations of award-winning restaurants in a small area in the state.<\/p>\n As well as a thriving local community, the region was likely to appeal to those seeking a relaxed lifestyle that still offered plenty to do.<\/p>\n Sign up to the Herald Sun Weekly Real Estate Update. Click here <\/a>to get the latest Victorian property market news delivered direct to your inbox.<\/p>\n MORE: The Block Daylesford: three sales a lucky result after major mistakes<\/a><\/p>\n The Block: fate of the two homes that failed to sell revealed<\/a><\/p>\n<\/p>\n
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