Newspaper article Tweed Daily News (Tweed Heads, Australia)

Block Gives Hope to Market; All Four Renovations Sold in Reality TV Finale

Newspaper article Tweed Daily News (Tweed Heads, Australia)

Block Gives Hope to Market; All Four Renovations Sold in Reality TV Finale

Article excerpt

Byline: Mikarla Marsden mikarla.marsden@mydailynews.com.au

THE Block's grand finale has delivered more than just hundreds of thousands of dollars in profit for contestants; it's also brought back confidence.

Tweed and southern Gold Coast real estate agents claim the surprise windfalls signal a turning point in the market.

Ben Gazal, property consultant at Rainbow Bay Realty, said viewers were left shattered by last year's result when only one of the four houses managed to sell for minimum profit, while the others were passed in.

It was a different story last Sunday when all four sold, with profits ranging from $355,000 to $506,000.

aLast night everyone was flabbergasted,a Mr Gazal said. aIt's a good indication that there's more confidence in the market Australia-wide.a

The Channel Nine had four couples spending months renovating four Melbourne terraces from top to bottom, with all contestants walking away with the profit made at auction and the winner getting a bonus $100,000. …

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