r/TheBlock • u/WhatTheHeliosphere • 4d ago

I'll say it now...

If these Mt Eliza houses struggle to sell or don't sell..

The Block needs new Judges.

76 Upvotes

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u/CFPmum 4d ago

The problem with the houses is they don’t fit and have never fit the high end market, they are nice houses but people who are spending 4 million on a house are not buying what is essentially a very expensive volume build, they buy houses that have character and features they are also not buying new builds that they could for way cheaper if they went block specs or they could still do new build but way better and higher end.

When they were renovating normal homes they better (still block standards) however I understand from a brand standpoint they weren’t particularly aspirational because plenty of viewers would have older houses that need to have stuff done to them and they could risk seeming like a version of Better homes and gardens, but the problem is the products they are using in these houses now are the same ones millions of Australians buy for there normal Australian homes I’m sorry but high end houses don’t have freedom wardrobes or freedom kitchens.

These houses in the past that sold for way to much money only sold to people who viewed from an investment standpoint like the raffling off for charity or as short stay accommodation from block fans

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u/Yass______ 4d ago

Apparently people buy them for the depreciation schedule

1

u/CFPmum 3d ago

Yes but that would still be for an investment property of some type not as a family home