The Block 2024: Live Auction Coverage – The Results as they Happen
Follow our live coverage of The Block Auction 2024 below.
Who won The Block auction last year?6pm
Last year’s winners set a record for prize money won on the show, when Adrian Portelli bought the home they renovated.
Steph & Gian from House 4 on the Charming Street, Hampton East season of The Block took home $1.65 million plus the $100,000 prize money for the winning home.
For this year’s contestants to walk away with that amount of money, their homes would need to sell for almost double the lower end of the price guides.
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As we said a bit earlier, the price guides are some of the lowest seen on The Block since 2016 – when the reserve price for the Port Melbourne build were between $1.74 million and $1.93 million.
Still, contestants that year walked away with some big money – $425,000 for 5th place all the way up to $715,000 plus $100,000 for the winners.
Will this year’s teams pull off a similar hat-trick?
The biggest shocks of The Block 2024, continued5.30pm
Enter ‘Flirt-gate’. It’s the first time in the show’s history that contestants from two different committed couples have been accused of getting a bit too close for comfort (that we know of).
However, it seems Kylie and Brad have overcome the incident, appearing together on Channel 9’s A Current Affair last week, with Brad stating they have “learned some things”. Time will tell if we’ll see them take part in the auctions.
The biggest shocks of The Block 20245.15pm
The Block rarely goes off without some sort of drama – that’s part of the reason we watch, right? But this year certainly saw emotions run higher than some other seasons.
First, the stress of the build was too much for original House 1 couple Jesse and Paige, and though they weren’t the first team to leave the show – they were the first to leave after getting almost half-way through.
Other shocks were not as serious in the grand scheme of things, and had more to do with black bathrooms and ‘peep show’ curtains.
That was, until towards the end of the build, when yet another couple fled the show.
Kylie and Brad's black bathless nightclub bathroom.
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Part of the reason some experts are sceptical about whether Danny Wallis, Adrian Portelli and any other investors will bid, is due to recent changes in Victoria’s land tax thresholds for investment properties.
Since the changes took effect in July this year, about 5000 more investors have sold their properties than would otherwise have been the case, and fewer new investors have entered the market.
As we mentioned earlier, The Block properties this year are most likely to be bought as either holiday homes or Airbnbs, rather than as permanent residences, given their setup and location. But is the appetite for a Victorian investment property strong enough?
What about Danny Wallis and ‘Lambo Guy’?4.45pm
Serial bidder and buyer on The Block, Danny Wallis, has purchased 11 homes sold on the show during the years – but will he bid again?
Another potential investor expected to attend the auction is Adrian Portelli AKA ‘Lambo Guy’, who bought three of the five properties at last year’s auctions in Hampton East.
Our eyes will be peeled for them both.
Contestants Steph and Gian at The Block 2023 auctions with buyer of their home Adrian Portelli. Picture: Supplied/Channel 9
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After a couple of years of pass-ins and lower prize money than some contestants had hoped for, this year’s teams will most likely be more than a tad nervous.
A couple of things make this year’s auction a bit different. First, the homes have been given some of the lowest price-guides seen on The Block in years – each have a guide of $1,700,000 to $1,850,000. For the past eight years, homes on the show have been priced at $2 million or more.
Second, the property market in Melbourne and Victoria has been soft in the past year, and in Cowes – the Phillip Island suburb where The Block 2024 is set – the median house price is down by 3.8% for the year, PropTrack data shows.
Given these homes are not likely going to attract owner-occupiers due to their location and holiday home set-up – the teams will be hoping some deep-pocketed investors are ready and willing to bid.
Read more: The Block judge Marty Fox’s auction predictions
The remaining contestants on The Block 2024. Photo: Channel 9
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House 4’s Kylie & Brad left the show after backyard week judging, as tensions ran high for the couple in the aftermath of a flirting scandal.
Host Scott Cam said “this is now a competition between four houses” but it was unclear if that meant the entire competition – ie: the auctions – or just that week’s $50,000 prize.
But eagle-eyed fans may have spotted a happy looking Kylie and Brad at the races in Melbourne earlier this week, prompting speculation that the couple would most likely be at the auctions.
The Block auctions 2024 are here4.00pm
Hello! Welcome to our live coverage of The Block auctions. Before we kick things off, a quick disclaimer, realestate.com.au is not a sponsor of, or otherwise affiliated with The Block.
OK now that’s out of the way, let’s have a look back at all the rooms the teams delivered this season while we wait for The Block auctions to kick off at 7pm.
Read more: Every room reveal of the season
realestate.com.au is not a sponsor of, or otherwise affiliated with The Block.
