Britt and Taz win The Block, but Emma and Ben pass in, as do Han and Can

Auctioneer Damien Cooley sold the property for $3.41 million, a premium of $420,000 over reserve. Britt and Taz also received a $100,000 winner’s check for a total prize of $520,000.

Taz said: “We’re very happy with what we’ve done and the product we’ve produced, but the guys behind us have actually put their heart and soul into the houses and we don’t think they’re getting rewarded for the work.”

Britt described the outcome as “bittersweet” even though there was enough money to pay their mortgage. “Why did we go first? [was] “So everyone will make money, and when that doesn’t happen, it destroys you,” he said.

Taz, a Dharawal man, added: “I always wanted to set an example for the young black guys coming through.”

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He said he had done this before through football, working in prisons and policing.

“6 million people are watching right now.”

The couple’s selling agent, Mark Nunn of Buxton Ballarat, said there were 11 registered bidders, many of whom were attracted by investors’ generous depreciation schedules that could reduce the tax payable.

“We are excited about the result,” he said. “[But] If you expect five homes to sell on the same day in the same market in a regional area [area]This is very unlikely.

“We didn’t want the reserves to be so high, we tried to lower them.”

Not all contestants were as successful as Britt and Taz.

Emma Shanahan and Ben Cox’s home at 5 Cedar Lane received an opening bid of $2.5 million.

In two bids, the price rose to $2.9 million, but the step was shortened to $20,000 and then bids from three parties shortened to $10,000.

At $2.97 million, still $20,000 below reserve, selling agent Aaron Hill of Ray White Sunbury received a call and the bidding was paused.

He followed up with a seller’s offer of $3.1 million and called for an increase of $100,000. Since there were no other offers, the house was delivered.

This avoids a situation where the home is sold for only a small premium over the reserve and allows the agent to negotiate privately with interested parties.

The Melbourne teacher and engineer made the strategic decision on the spot, with encouragement from the show’s host, Scott Cam.

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Ben said they thought they would be “very excited” if they could make around $100,000 in the post-auction sale.

“But you can’t help but feel like they’re the losers in the finale of a great show,” he said. “It’s a bit of a dampener.”

Ben said Portelli’s offers in recent years “inflated prices and set expectations a little too high.”

Last year, Portelli, the founder of a subscription business that offers discounts and giveaways, spent $15.03 million to buy all five homes at auction and even countered a rival’s $2.5 million bid with a $3.5 million bid.

“We and all our other neighbors thought the reserves were really high,” Emma said of the reserves.

The transition strategy was in response to a surprise result in the second auction of the day: Robby Lippett and Mat Johnson’s home at 1 Cedar Lane.

The best friends, barbers and hairdressers from Adelaide, have won as many room reveals as Britt and Taz. However, this did not turn into a bidding war.

Bidding for the house started at $2.8 million and quickly surpassed the $2.99 ​​million reserve between bids from three parties.

As the race narrowed to two bidders (Valentic and Wallis), the price rose in modest increments of $20,000 or less. Auctioneer Tom Panos sold the house to Wallis for $3,099,999.

After three months of filming and a long marketing campaign, Robby and Mat earned $109,999, which they will split.

“It’s not the best result, but we had a great time,” Mat said.

Robby said: “Mat and I are very proud of what we’ve done. I think the only thing we’re a little disappointed about is the reserve is higher than we thought.”

He said they received feedback from buyers of about $3 million, meaning a reserve close to that wasn’t helpful.

The couple’s agent, Kim McQueen of McQueen Real Estate, was happy to sell on the day.

“The price we got for the house was a great price for Daylesford homes given the state of the Daylesford market,” he said. “It’s really slowed down in the last few years.

“The reserves for these homes were very, very high.”

After two poor results, Sonny and Alicia Aplin’s manager BigginScott took no chances at 2 Cedar Lane.

The auction started with the seller’s bid of $3.05 million. Valentic offered $3.06 million, and with no further competition, the hammer fell.

A Gold Coast couple, a plumber and dental practice manager, made $2.94 million, taking home $120,000 for their front garden plus a car, $50,000 off the reserve price.

After trying to win the judges’ favor and watching their neighbors’ results, the couple was optimistic.

“I have no regrets,” Alicia said. “We were very lucky today.”

They agreed that the reserves were too high.

“I think there [were] There are a lot of bidders out there today probably bidding up to about $3 million and nothing more,” Sonny said.

A similar strategy was run by Belle Property at 4 Cedar Lane for Perth geologist Hannah Thetford and marketing and social media analyst Candice Wood.

Proceedings were initiated for a seller offer of $3.1 million, but no offers were received. The auction was stopped due to unsuccessful negotiations with potential buyers and the house was handed over.

Candice said the couple learned from previous auctions.

“It’s an incredibly challenging market, frankly a lot of people came here expecting to spend $3 [million]We needed a little more than that,” Candice said.

Hannah was hopeful the house would sell soon. “Someone will love it as much as we do.”

Last week, 1762 homes were scheduled to go up for auction in Melbourne. As of Saturday evening, Domain Group had recorded a pre-auction approval rate of 67.2 percent from 1,226 results reported during the week, while 134 auctions had been withdrawn. Withdrawn auctions are counted as unsold properties when calculating the liquidation rate.

Block co-creator Julian Cress said the day had its “ups and downs”.

“I don’t think five houses have ever been auctioned in Daylesford in a single day before,” he said. “I have no doubt that people will buy these.

“We weren’t even willing to accept the reserve price. We were making vendor bids above that because we wanted to protect our friends, these contestants, and make sure they made some money.”

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Cress said the reserves were determined by Channel Nine representatives.

However, he thought Britt and Taz’s success proved that the series was “alive and well”. Filming will move to Mount Eliza on Victoria’s Mornington Peninsula next year.

Cam said he was disappointed for those who couldn’t sell, but said there were still opportunities to find buyers after the auction.

He thought the reserve pricing was “a little high, but having said that, Britt and Taz’s house sold for $420,000 above that reserve.”

“The chamber no longer has more than $3 million,” he said. “You must remember Adrian last year [Portelli] “It was a very unusual situation.”

Cam previously told this imprint that Portelli was “politely” asked not to come.

But on Saturday, Cam said it was Portelli who decided not to return.

“Of course we were happy that Adrian bought a house,” he said. “We were hoping he wouldn’t buy five houses.”