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Melbourne auctions: The Block properties on Phillip Island among 1300+ homes going under the hammer

Press coverage 9 November 2024 Summary of published coverage
Melbourne auctions: The Block properties on Phillip Island among 1300+ homes going under the hammer

Depreciation modelling by BMT indicated the five Phillip Island houses renovated for the television series could deliver several million dollars in deductions to their first owners, but between roughly $209,000 and $285,000 of that would disappear within five years for anyone buying second-hand. Industry figures noted the furniture and appliance component could not be claimed by subsequent owners, and warned buyers would price that loss in.

Reported by

Nathan Mawby, news.com.au, 9 November 2024

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