The Block auction reserves have been revealed, but will it change the game this year?
Key points
- Reserve prices for the five Mt Eliza homes featured in The Block have been made public more than two weeks before the October 31 auction. The $3.45 million reserve is double the suburb's median sales price, according to PropTrack data.
- New Victorian laws require agents to publish reserve prices at least seven days before an auction. Sales agents said the early disclosure gave buyers more time to assess their finances.
- Buyers agent Cate Bakos said buyer numbers at that price point remain uncertain in the current market.
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Disclaimer
This is an AI-generated summary based on reporting by realestate.com.au. It may not reflect every detail of the original story exactly. Tap “Continue reading” above for the full, original article.
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