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Here’s What Will Happen to The Block Properties That Didn’t Sell on Auction Day
This year, The Block’s grand finale was historic in more ways than one.
Not only did winners Omar and Oz take home record-breaking profits of $1,586,666.66 after their property sold for $5,666,666.66, but two houses didn’t end up selling on auction day.
Ankur and Sharon and Dylan and Jenny’s properties failed to sell, leaving both teams utterly devastated.
Both builds had a reserve price of $4.08 million, but the highest bid was $4.075 million, leaving them in minus.
After witnessing Tom and Sarah-Jane make a measly $20,000 in profit, the two remaining teams decided it was best to sell at a later date.
So, What Happens to the Houses That Didn’t Sell?
As of 9pm on Sunday, November 6, Ankur, Sharon, Dylan and Jenny have begun the negotiation process with their highest bidders; however, they’re still open to other offers from interested parties.
This was the first time a property on The Block failed to sell since Josh and Jenna and Rod and Rania in 2011.
Host Scott Cam described the moment as “bittersweet”, feeling heartbroken for everyone involved.
“We had one incredible high and some crushing lows for our Blockheads, who all worked the hardest I’ve ever seen to deliver these houses,” he said in a statement after the auctions.
“As we’ve seen many times before, we’ll continue to negotiate with interested buyers to sell these homes, which are still on the market. I’m gunning for a positive result.”
Speaking to 9Entertainment, Ankur and Sharon opened up about the ordeal that took place last night.
“Unfortunately, there wasn’t enough bidding in the room,” said Sharon.
“We had registered bidders there … I think after what happened at House 1, people got a bit shy.”
Dylan and Jenny, on the other hand, decided to blame Omar and Oz, saying they felt the boys had pitted Danny against Adrian.
“They knew that Danny is very competitive,” Jenny said. “I just feel like they were playing the game the whole time and it shows.
“It’s not what you know; it’s who you know, and obviously it paid off, didn’t it.”
Jenny went on to say that the cost of living also contributed to the lack of interested buyers.
“I know [the houses] are worth $6 million, but people don’t have that kind of money at the moment,” she said.
Ankur and Sharon and Dylan and Jenny’s homes are still on the market, and there is a chance that they could walk away with an enormous profit.