The Block Finale Sets Trend to Market Recovery

    Reality TV show, The Block, has demonstrated that the national property market is well and truly back on track towards recovery.

    The season finale of the popular property series showed promising auction results with 100 per cent clearance rate and all properties scoring at least $300,000 over the reserve. Compared to two seasons ago, where the fifth-placed couples only pocketed $95,000, that’s over a 300 per cent increase.

    Over the weekend, Melbourne saw a 70.9 per cent clearance rate across 957 auctions. CoreLogic predicts the Victorian capital to reach new heights by January 2020 and other capitals around the nation are set to follow.

    With market demand heating up, we can expect more movement in the market and more opportunities for sales agents.

    Brendon Walsh

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