The Block’s disastrous Daylesford auction left them empty-handed.
And now Han and Can could end up waiting well into the New Year before their luxe House 2 finds a buyer.
Blockheads Emma and Ben are facing the same situation after House 1 was also passed in during the renovation show’s abysmal finale on Sunday.
The issue for the two teams is Daylesford’s sluggish market, where properties can sit unloved on sales listings for up to four months.
According to PropTrack, it typically takes 139 days before a home in the tiny rural getaway is sold.
The Block’s disastrous Daylesford auction left Han and Can empty-handed. And now the couple could end up waiting well into the New Year before their luxe home finds a buyer. (Pictured: Han and Can)
The issue for the unsold properties is Daylesford’s sluggish market, where homes can sit unloved on sales listings for up to four months. (Pictured: Han and Can’s home)
Agents confirmed that they are looking to offload the two Block pads at the reserve price Nine set for each: $3.1million. Â
So far, Emma and Ben have received a lot of interest from ‘mum and dad’ buyers, according to the publication.
But the agent in charge of the sale confirmed that none of the offers were at $3million, after the house was listed for $3million to $3.3million.
Han and Can’s home is on the market with the same price guide.Â
It comes after the real estate agent who handled Han and Can’s dismal auction has weighed in on The Block’s shock finale.
No bids were made on the couple’s sprawling four-bedroom, three-bathroom home.
Auctioneer David Holmes believes the figure was too high for the town, where the median house price is $800,000.
The three properties that succeeded in finding buyers all had underwhelming sales, as Emma and Ben watched in horror as their pad was passed.
Blockheads Emma and Ben are facing the same situation after their home was also passed in during the renovation show’s finale on Sunday. (Pictured)
Real estate agents based in the district told the Herald Sun that it has taken up to nine months for some owners to find a buyer. Pictured: Emma and Ben’s home
Holmes, who has been involved with 10,000 auctions, told realestate.com that another challenge for The Block 2025 was the location.
Daylesford, 114 km from Melbourne, has a population of 3,000, and high-priced auctions are unknown in an area dominated by ‘mum and dad’ buyers.
‘I really feel as though the supply-and-demand scenario wasn’t looked at as efficiently or as accurately as it should have been,’ he said.
‘You are looking at five properties that they’re asking essentially $3million to $3.5million in a market where $2.7million is a really high price for a very stunning architectural home.’
He added that for those prices, buyers could find a similar luxury pad in Byron Bay or the Yarra Valley.Â
Holmes said that the couple have hopes of finding an investor who wants to open an Airbnb in an area.
WA couple Britt and Taz took out the top sale of during The Block finale.
The couple offloaded their stylish home for an impressive $3.41 million, and scored the $100,000 bonus prize, netting them a profit of $520,000.Â
