{"id":612537,"date":"2026-04-17T08:31:14","date_gmt":"2026-04-17T08:31:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/612537\/"},"modified":"2026-04-17T08:31:14","modified_gmt":"2026-04-17T08:31:14","slug":"price-cuts-loom-for-block-houses-that-failed-to-sell-at-auction","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/612537\/","title":{"rendered":"Price cuts loom for Block houses that failed to sell at auction"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" alt=\"Elizabeth Redman\" data-testid=\"author-avatar-image\" height=\"64\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/04\/7b851c417d189a0af91b8e82d460bae6c0e27460.png\"  width=\"64\" class=\"sc-9a01536c-0 libeSR\"\/><\/p>\n<p data-testid=\"article-datetime\" class=\"sc-5cbbddda-5 hxoHkT\">April 17, 2026 \u2014 3:55pm<\/p>\n<p>Save<\/p>\n<p class=\"sc-d1b14060-4 JmUoF\">You have reached your maximum number of saved items.<\/p>\n<p>Remove items from your <a href=\"https:\/\/www.theage.com.au\/goodfood\/saved\" class=\"sc-3f16ee48-12 sc-d1b14060-2 jyLmZI iQLtAb\" rel=\"nofollow noopener\" target=\"_blank\">saved list<\/a> to add more.<\/p>\n<p class=\"sc-369d9219-1 bOiPYX\">Save this article for later<\/p>\n<p class=\"sc-369d9219-2 bufJxo\">Add articles to your saved list and come back to them anytime.<\/p>\n<p>Got it<\/p>\n<p>AAA<\/p>\n<p>Two houses that failed to sell at auction on the last season of renovation show The Block are set to have their asking prices reduced.<\/p>\n<p>In the show, five homes in the Victorian town of Daylesford were taken to auction with a price guide of $3 million to $3.3 million, and <a class=\"inline-link\" href=\"https:\/\/www.theage.com.au\/property\/news\/can-t-help-but-feel-like-you-re-losers-the-block-s-homes-fail-to-sell-20251022-p5n4ll.html\" rel=\"nofollow noopener\" target=\"_blank\">three sold on auction day<\/a>. The contestants create a home and pocket any money it sells for above the reserve. The Block airs on Nine, owner of this masthead.<\/p>\n<p>Hannah Thetford and Candice Wood\u2019s house at 4 Cedar Lane passed in at auction last spring on a vendor bid of $3.1 million. Now, the residence has been listed with a price guide of $2.9 million.<\/p>\n<p>The reserve price was $2.99 million, raising the prospect that if the home sold for its new asking price, the contestants could walk away empty-handed.<\/p>\n<p>Emma Shanahan and Ben Cox\u2019s home at 5 Cedar Lane attracted competitive bidding at its auction until $2.97 million, or $20,000 short of its reserve price of $2.99 million, at which point the auction was paused and a <a class=\"inline-link\" href=\"https:\/\/www.theage.com.au\/property\/news\/how-much-the-houses-from-the-block-cost-now-20251112-p5nezo.html\" rel=\"nofollow noopener\" target=\"_blank\">vendor bid of $3.1 million<\/a> was placed. With no further offers, the home passed in.<\/p>\n<p>Listing agent Aaron Hill, of Ray White Sunbury, said on Friday that the price guide would shortly be changed to $2.9 million.<\/p>\n<p>Nine was contacted for comment on whether the contestants would take home any profit if the homes sold for their new price guides.<\/p>\n<p>The price changes come as the broader property market has slowed amid two rate rises this year and global economic uncertainty sparked by the conflict in the Middle East.<\/p>\n<p>The selling agent for No.4, Belle Property Daylesford\u2019s Will Walton, said the new price was reflective of the market, given the cost-of-living situation.<\/p>\n<p>But he said Daylesford was attracting buyers who liked the town, particularly Melbourne retirees who could sell their family home in the inner suburbs, buy a more affordable property in Daylesford and pocket the difference.<\/p>\n<p><img decoding=\"async\" alt=\"Block contestants Hannah Thetford and Candice Wood watched on with nerves before their house was passed in.\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/10\/7f2ec06742a6ad1209a6c932bc86735a4b504693.jpeg\"  class=\"sc-d34e428-1 ldCIuB\"\/>Block contestants Hannah Thetford and Candice Wood watched on with nerves before their house was passed in.Nine Entertainment<\/p>\n<p>He cited the cafes, restaurants and boutique clothing stores in the town as drawcards.<\/p>\n<p>\u201cPeople, when they buy here, feel like they are buying in a prestige suburb of a major city,\u201d he said.<\/p>\n<p>\u201cWe have a really welcoming, safe community.\u201d<\/p>\n<p>Ray White\u2019s Hill said the price for No.5 would soon be changed to $2.9 million and the home was still for sale and had been attracting good interest.<\/p>\n<p><img decoding=\"async\" alt=\"Emma Shanahan and Ben Cox\u2019s home at 5 Cedar Lane was passed in.\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/10\/5e5b06f399a628131346010cadda1de126d5454a.jpeg\"  class=\"sc-d34e428-1 ldCIuB\"\/>Emma Shanahan and Ben Cox\u2019s home at 5 Cedar Lane was passed in.Nine Entertainment<\/p>\n<p>\u201cI have got people that would like to buy the property, but we are not at the price we hope for,\u201d he said. \u201cIt is a beautiful home, but the price is not aligned with the property at the moment.\u201d<\/p>\n<p>He said the Daylesford market was tracking well, although the number of days that homes took to sell was a little longer than in inner Melbourne.<\/p>\n<p>Last season\u2019s winners, Britt and Taz Etton, sold their house for $3.41 million, and received the $100,000 winning cheque, pocketing a total prize of $520,000.<\/p>\n<p>Save<\/p>\n<p class=\"sc-d1b14060-4 JmUoF\">You have reached your maximum number of saved items.<\/p>\n<p>Remove items from your <a href=\"https:\/\/www.theage.com.au\/goodfood\/saved\" class=\"sc-3f16ee48-12 sc-d1b14060-2 jyLmZI iQLtAb\" rel=\"nofollow noopener\" target=\"_blank\">saved list<\/a> to add more.<\/p>\n<p><img decoding=\"async\" alt=\"Elizabeth Redman\" data-testid=\"author-avatar-image\" height=\"40\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/01\/7b851c417d189a0af91b8e82d460bae6c0e27460.png\"  width=\"40\" class=\"sc-9a01536c-0 libeSR\"\/><a class=\"sc-cba76dee-0 hdiTqm sc-b5b9fd03-2 jcGta-D\" href=\"https:\/\/www.theage.com.au\/by\/elizabeth-redman-p535ya\" rel=\"nofollow noopener\" target=\"_blank\">Elizabeth Redman<\/a> is the national property editor at The Age and The Sydney Morning Herald.Connect via <a class=\"sc-cba76dee-0 hdiTqm sc-b5b9fd03-5 czsZcI\" href=\"https:\/\/x.com\/@elizabethredman?lang=en\" rel=\"noopener noreferrer nofollow\" target=\"_blank\">X<\/a> or <a class=\"sc-cba76dee-0 hdiTqm sc-b5b9fd03-5 czsZcI\" href=\"https:\/\/www.theage.com.au\/property\/news\/mailto:eredman@fairfaxmedia.com.au\" rel=\"nofollow noopener\" target=\"_blank\">email<\/a>.From our partners<\/p>\n","protected":false},"excerpt":{"rendered":"April 17, 2026 \u2014 3:55pm Save You have reached your maximum number of saved items. Remove items from&hellip;\n","protected":false},"author":2,"featured_media":612538,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[64,63,134],"class_list":{"0":"post-612537","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-entertainment","8":"tag-au","9":"tag-australia","10":"tag-entertainment"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/612537","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=612537"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/612537\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/612538"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=612537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=612537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=612537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}