{"id":26992,"date":"2020-08-23T09:30:12","date_gmt":"2020-08-22T21:30:12","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=26992"},"modified":"2020-08-23T09:30:12","modified_gmt":"2020-08-22T21:30:12","slug":"the-block-2020-how-will-the-houses-hold-up-in-the-melbourne-property-market","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/the-block-2020-how-will-the-houses-hold-up-in-the-melbourne-property-market\/","title":{"rendered":"The Block 2020: How will the houses hold up in the Melbourne property market?"},"content":{"rendered":"

PHOTO: The Block 2020: The contestants on day one. Photo: Channel Nine<\/strong><\/p>\n

The five houses renovated on this year\u2019s\u00a0The Block<\/em>\u00a0are set to go to auction in some of the toughest conditions seen on the show yet, but experts say their location in the ritzy Melbourne suburb of Brighton will attract buyers, pandemic or no pandemic.<\/p>\n

Melbourne\u2019s housing market has effectively paused during the stage four lockdown, with agents unable to show buyers through properties even at private inspections, as was allowed during stage three restrictions. Any inspections and auctions are online-only.<\/p>\n

But buyers and sellers were set to become more active in the market once stage four restrictions ended in mid-September, Domain senior research analyst Nicola Powell said, placing properties on the reality renovation show in a promising position to sell.<\/p>\n

\u201cThat doesn\u2019t necessarily mean we are going to see prices achieving record highs, but we will certainly see more buyers coming back into the market,\u201d Dr Powell said.<\/p>\n

Homes renovated on past seasons of the show had sold in sluggish housing markets, she said, many exceeding price expectations.<\/p>\n

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