Based on the article, here are the key points regarding The Block's unsold Daylesford homes:
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Two homes from last year's season of The Block in Daylesford remain unsold:
- 4 Cedar Lane (sold for $2.96m after the show)
- 5 Cedar Lane (sold for $3.06m after the show)
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Both properties are now listed at significantly reduced prices, around half their original build costs:
- 4 Cedar Lane: Listed at under $1.7m
- 5 Cedar Lane: Listed at around 2m
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The agent for 4 Cedar Lane says there has been increased interest since the price cut, particularly from people looking to transition into retirement.
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Agents note that while buyers aren't necessarily focused on the build cost savings, it's helping attract more inquiries when potential buyers learn about it.
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Despite renewed interest, both agents are cautious about predicting a quick sale given the local market conditions (longer days on market).
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The reduced prices present an opportunity for buyers to potentially purchase these high-end homes at significant discounts compared to their original build costs and auction prices from The
Read the full article at Property News - Latest Real Estate Market News
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