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A new trailer for Sunday’s season finale of The Block hints at heartbreak for some of the contestants as they face the possibility their homes may not sell at auction.
While sales have been all but guaranteed in previous seasons of the Channel Nine renovation show, rising interest rates and falling house prices combined with a move to rural Victoria have resulted in uncertainty for the five teams.
A promo released on Monday shows Ryan and Rachel Carr from House 2 looking sombre as they discuss the prospect of leaving the show empty-handed.
A new trailer for Sunday’s season finale of The Block hints at heartbreak for some of the contestants as they face the possibility their homes may not sell at auction
‘These houses might not sell, so the whole unknown is actually quite scary,’ says Ryan, as his wife gazes blankly into the distance.
The pressure also gets the better of Sarah-Jane, who looks shattered as she buries her face in her hands while standing in the middle of an unfinished room.
Meanwhile, a suited-and-booted Scott Cam reassures the teams: ‘Everybody wants you to make money.’
A promo released on Monday shows Ryan and Rachel Carr from House 2 looking sombre as they discuss the prospect of leaving the show empty-handed
The pressure also gets the better of Sarah-Jane, who looks shattered as she buries her face in her hands while standing in the middle of an unfinished room
The trailer then cuts to a series of auctioneers saying, ‘Going, going, gone.’
At the end of the promo, Sharon Johal and Ankur Dogra from House 3 reflect on their troubled journey to auction day.
‘Our house is the biggest house on the block,’ says Sharon, as she and her husband stand on their deck overlooking the Macedon Ranges.
Tradie couple Dylan and Jenny from House 4 end the trailer on a confident note by saying they can ‘do anything’.
The trailer then cuts to a series of auctioneers saying, ‘Going, going, gone’
As per the show’s long-standing rules, the team that makes the biggest profit above reserve on auction day will pocket an extra $100,000 prize money.
Despite promises of big sales, some real estate experts have expressed concern the properties won’t sell for within their $4million to $4.4million price guides.
This is because the median house price in the Gisborne area is about $1.1million.
However, sources at Nine are confident the homes will smash their reserves because of their ultra-stylish designs, great location and resale potential.
Tradie couple Dylan and Jenny from House 4 end the trailer on a confident note by saying they can ‘do anything’
It comes after a former Block contestant revealed she was ‘really worried’ for this year’s teams amid fears their homes will not sell on auction day.
Kirsty Lee Akers, who made a $301,523 profit during the 2021 season with husband Jesse Anderson, predicts the ‘cooling’ market and overly ambitious reserve prices are a recipe for disaster.
‘I hope I’m wrong but I have a really bad feeling about this year’s auction,’ the country musician told Woman’s Day on Monday.
Former Block contestant Kirsty Lee Akers (left), who made a $301,523 profit during the 2021 season with husband Jesse Anderson (right), has revealed she is ‘really worried’ for this year’s teams amid fears their homes will not sell on auction day
‘Interest rates have shot up and the market has cooled, plus everyone is saying these homes will sell for $5million, but some of the better homes recently sold in that area [the Macedon Ranges in Victoria] only made about $2million.
‘That’s a huge price difference.’
Kirsty also noted how the most recent season of The Block New Zealand proves sales aren’t always guaranteed.
A heartbreaking auction day saw two homes fail to sell, while the winning team made a profit of just NZ$4,000 and the runners-up walked away with only NZ$100.
‘I hope I eat my words, but I’m really worried for them all,’Â Kirsty said.
She predicts the ‘cooling’ market and overly ambitious reserve prices are a recipe for disaster
This year’s season of The Block has been particularly gruelling with the Blockheads dealing with infighting, weather damage and emotional breakdowns.
With just one week to go before the grand finale, there are now legitimate fears some contestants won’t make a profit as their houses head to auction.
‘The Block houses aren’t cheap to put together and the market has taken a big hit with rising interest rates,’ a source told New Idea.
The Block finale airs Sunday at 7pm on Channel Nine and 9NowÂ
The Block finale airs Sunday at 7pm on Channel Nine and 9Now
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