The Block Star warns that the houses of Channel Nine are a Dud for the coming season in Daylesford

Property Guru Frank Valentic has issued a grim warning that houses on Channel Nine’s the Block are often a ‘Dud Buy’ who have difficulty holding their value after the cameras stop rolling.

One of the biggest reasons for this, said the agent of Melbourne, established in Melbourne, is because the properties are not delivered with sufficient land.

The benefit director for real estate and well -known face on the block did not die when asked if the houses renovated by the participants are a good investment.

“It is land that appreciates over time. Writing buildings, “he said Realestate.com.aureferring to the first six seasons of the block that takes place in Eastern suburbs Apartment blocks and adjacent mansions, in Sydney.

Meanwhile, Serial Block buyer Adrian Portelli gave away all five of the Philip Island He bought Houses for $ 15 million in a lottery last year.

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Property Guru Frank Valentic has issued a grim warning that houses on Channel Nine’s The Block can be seen, are often a ‘dud buy’, who have difficulty holding their value after the cameras stop rolling

One in five buyers from the previous 19 seasons of the Blok has sold their make-for-TV house again with a loss.

A particularly unfortunate buyer was $ 600,000 from the pocket after discharging their property, only six years after their purchase.

Many of these ‘renovated’ houses have also been tormented on the market for hundreds of days and collect dust.

Although the Blokhuizen can be a good investment for investors with a high income looking for tax benefits and capital growth, they come up with potential risks.

The most important among them is the opportunity to successfully market a property of which the renovation errors have been broadcast for the whole of Australia to see.

Of the 32 block properties that were re-noted for sale since he was fully auctioned in the air, the Herald Sun reported that seven sold with a loss, two were not sold and seven more effort to close a deal than 60 days to do this. ‘

The worst perpetrator was an apartment with three bedrooms in Port Melbourne, from the 2016 season. It raised a substantial $ 2.59 million under the hammer, but was then melted in 2022 for a meager $ 1.98 million and astonishing loss of $ 610,000.

Even the infamous former South Yarra Hotel from season 11, where a self -proclaimed vampire Gigolo was once accused of a horrible crime, has seen his block apartments struggling.

One of the biggest reasons for this, said the agent of Melbourne, established in Melbourne, is because the properties are not delivered with sufficient land. Shown: series host scott cam outside a building

Filming for the 21st season of Het Blok is already underway in the Daylesford countryside, Victoria

One unit sold for $ 1,722 million in 2016, a decrease of $ 13,000 of its original selling price a year earlier.

Another spent 278 days on the market with a price tag of $ 2,445 million that no buyer had put on, to be listed again in 2023 and to listen for another 291 days.

Valentic said that sharp investors should keep their eyes open for suburbs ready for a tree.

In Melbourne he believes that areas such as Elwood, Richmond and reservoir can follow in the footsteps of Toorak – the most elite suburb of the city – rewarding smart buyers who come in early.

Filming for the 21st season of the block is already underway in Daylesford, Regional Victoria.

Five new teams of everyday Aussies are currently transforming prosecution homes into a luxury properties as part of a new neighborhood within the Middleton Field of Hygge Property estate.

Belle Property Daylesford director Will Walton, who sold the vast site to Channel Nine, confirmed that the cast and crew integrate well with the local community.

Of Portelli will officially retire when purchasing the Blokhuizen in 2024This coming season can be a real test of the market for the properties.

The average selling price of the house in Daylesford, Victoria, Australia, is around $ 819,000 – the Daylesford real estate market, in particular for houses, has experienced a recent decrease in activity.

Although it was a popular area for investors, it is no longer considered a best -performing investment location, with a negative annual growth rate and a relatively low rental yield.

However, it is important to consider that the profession of Daylesford continues to attract buyers as a desired lifestyle location, in particular those looking for a tree change.