A real estate agent who ran Han and Can’s flop of an auction has spilled his thoughts on The Block’s jaw-dropper of a finale.
The couple’s massive four-bed, three-bath pad in Daylesford didn’t get a single bid, with a hefty $2.99 million reserve that auctioneer David Holmes reckons was way too ambitious for the country town — especially when the median house price sits around $800k.
Blockheads Emma and Ben also walked away with zilch, while the three houses that did sell went for pretty meh prices.
Holmes — who’s run a casual 10,000 auctions in his time — told realestate.com.au that The Block’s 2025 season was always gonna be a tough sell thanks to its setting. Daylesford, sitting 114km out of Melbourne with just 3,000 locals, isn’t exactly known for splashy million-dollar auctions, with most buyers being your standard ‘mum and dad’ types.
“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.”
Holmes added that with those kinds of price tags, buyers could easily snag a luxe pad in Byron Bay or the Yarra Valley instead. Meanwhile, Han and Can’s Daylesford home is back on the market with a guide of $3 to $3.3 million, and the couple are now hoping an investor might swoop in to turn it into a fancy Airbnb.
Speaking to PEDESTRIAN.TV, an insider revealed the ladies are “devastated” by the way the finale went.
Not only that, but Han’s dad is furious about how his daughter’s storyline has been handled and planned to “confront producers at the after-party drinks”.
But the drama doesn’t stop there — a sneaky off-camera convo from before The Block’s finale has just come to light.
Series auctioneer Tom Panos spilled the tea on what really went down behind the scenes, revealing that agents and bidders were already aware the homes were overpriced long before the cameras started rolling.
Panos, who handled the sale for second-place duo Robby and Mat — who have broken their silence on their disastrous ending — said that many bidders had already shared their spending limits in private, and those numbers were way below the producers’ lofty expectations.
“Without a doubt, the properties were above market value,” Panos told realestate.com.au.
He also revealed that every house on the block (literally) had a reserve between $2.94 and $2.99 million — a few hundred grand higher than what most bidders were actually willing to cough up.
“Ask real estate agents in Daylesford what the right values of these properties were… they would say mid to high $2 million,” he said.
“If you think about it, the prices that some of the contestants on the show got were pretty good for the area, but unfortunately just not at the level the contestants would have expected.”
Panos said he had a feeling the whole thing was doomed from the start, after seeing early offers come in way below the sky-high asking prices.
“I was concerned. We had a few registered bidders but they had all been talking $2.7million,” he said.
The Block’s nail-biter of a grand finale aired on Sunday night — but plenty of viewers were fuming, calling the show “out of touch” after only one of the five teams actually walked away with a decent payday. WA duo Britt and Taz ended up taking out the top spot, selling their sleek House 3 for a huge $3.41 million. The fan faves pocketed a tidy $420k profit, plus a cheeky $100k bonus, bringing their total winnings to a juicy $520k.
So while Britt and Taz are off popping bottles, the rest of the Blockheads (and viewers) are left wondering if The Block has officially priced itself out of reality. Maybe next season they’ll trade the million-dollar reserves for a little common sense.
The post The Block Realtors Reveal The Real Reason The Finale Was Such A Flop: ‘I Was Concerned’ appeared first on PEDESTRIAN.TV .
