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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.
The Block auction reserves have been revealed, but will it change the game this year?
Photo: realestate.com.au

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Continue reading · realestate.com.au
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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