While Australia waits with bated breath to see who will take home the grand prize for The Block 2019, Wilson Agents are confident they have the winner.
Graeme Wilson – Managing Director of Wilsons Agents – has been working closely with Mitch and Mark on House 1 and is confident the two professional flippers will be walking away champions.
We had a chat to Graeme about what to expect come auction day for The Block 2019.
Straight up then – is House 1 going to sell?
“Unequivalently. All the houses are quoting at the same level, $3 – 3.3M, and we are hoping that our reserves are set within that range.”
Who do you think is going to win The Block?
“We are. Absolutely. We have the best product and the best team. Almost 60% of the public coming through have always said they prefer this house because of its versatile layout. I think the styling in House 1 is far superior to the others, and the fact they are professional and have done this 15 times before means they know what it is all about. They are always on queue to deliver a clean prep area, and they are always one or two days ahead of the other teams.”
Speaking of the versatile layout, it was considered a controversial choice to turn upstairs into an entertainer’s area rather than a bedroom – what are your thoughts?
“All the other houses have utilised it as a bedroom, and if you go through these other homes you can actually see why House 1 works so well. Having a bedroom is limiting, and you’d have to traipse up three floors to go to bed.
The entertainer’s retreat upstairs works from a functional point of view. When you are entertaining you can prepare food in the Butler’s pantry, shoot everything up in the lift, plate up upstairs where there is also a backup oven and BBQ – all of that works seamlessly. The space could also be used as a parent’s retreat, students retreat, art studio or an office – the other homes just do not offer this versatility. There is pluses and minuses to every house, but I think we have more pluses than minuses.”
How do The Block homes this year compare to the homes from last year?
“If you came to the public day a few weeks ago, it was insane. I have never seen so many people through an inspection in my life, I think we had 6,000 people through from 12pm-4pm.
These homes are bigger – they are the biggest houses in Block history. We already have four to five registered people, some are investors because the depreciation benefits are huge. There is probably $3.5 – $3.9M worth of depreciable items in each house, so it is appealing to investors. This one appeals more to homebuyers too just on its day-to-day liveability and versatility.”
What are your thoughts on the current state of the property market, and do you think this will influence the results?
“I think the market has turned since the election and it has become a lot more positive. Clearance Rates are higher – and consistently higher in the 70-76% which is fantastic, that’s a good indication of a hot market. We are now seeing people turning up on the day of an auction who haven’t even seen the property and they put their hand up and have bought. That indicates a very strong market.”
It has been a turbulent year for The Block contestants, and a learning curve for many. With a strong market and five incredible homes up for grabs, here’s hoping all the sweat, tears and hard work will pay off over the weekend.