for those who have reality tv as their guilty pleasure
Reality Ravings | Australia's leading Reality TV blog!

The Block – Consumer Affairs Clears The Real Estate Agents

The Block has finally wrapped up for the season, with news today Consumer Affairs Victoria cleared the real estate agents of allegedly over quoting of the sales of the Richmond houses.

TV Tonight reveals the Department has said the “auction outcomes tend to support the validity of the advertised prices”.

Julian Cress the producer of The Block has been livid about the investigation.

TV Tonight’s article states:

”It comes as no surprise to me that Consumer Affairs cleared us of any wrong doing considering there wasn’t any wrongdoing from us in the first place,” Producer Julian Cress told The Age.

”In my view the publicity surrounding their so-called investigation contributed to potential buyers not attending the auction. It certainly had an effect on our outcome.”

In other The Block news Channel Nine have said they will look after Katrina and Amie. They were the only couple not to make any money on the sale of their houses.

News.com.au says:

But a spokesman for Nine said yesterday they would not walk away with nothing. “We will be looking after them,” he said.

6 comments

1 Sam { 08.26.11 at 6:35 am }

Under Quoting allegations was never gonna stick. Anyone could see they were overpriced and the hype from the show was never going to translate to crazy buyers. I thought these articles explained it well.

http://www.smartcompany.com.au/property/20110823-eight-lessons-to-learn-from-the-block-s-lacklustre-auction.html

http://blockbrief.wordpress.com/

2 Sam { 08.26.11 at 6:36 am }

Under Quoting allegations was never gonna stick. Anyone could see they were overpriced and the hype from the show was never going to translate to crazy buyers. I thought these articles explained it well.

http://www.smartcompany.com.au/property/20110823-eight-lessons-to-learn-from-the-block-s-lacklustre-auction.html

http://blockbrief.wordpress.com/2011/08/25/the-block-four-bulls-in-a-bear-pit/

The real problem was how much 9 paid for the properties in the first place.

3 Renovators Fan { 08.26.11 at 8:55 am }

Totally agree Sam 9 paid far to much for it in the first place, bought at the top of the market and as the blockbrief article points out the market in Melbourne is down 3.9% this year.

Buyers are more cautious given the current economic climate and no-one wants to look like a dunce on TV paying to much for it. However, some dunce paid for a couple of days later.

But what about the guy in the pink suit and the two girls. Trying to make out like he was a high flyer, but he didnt put his money where is mouth was. What a muppet.

4 Reality Raver { 08.26.11 at 1:51 pm }

Renovators Fan – The guy in the pink suit was the highlight of the episode.

5 Renovators Fan { 09.20.11 at 2:05 pm }

Reality Raver – ha ha ha yeah he was kidding himself wasn’t he.

6 autotune the news 12 lyrics { 04.19.13 at 10:10 pm }

Hello! I just would like to give a huge thumbs up for the great
info you will have here on this post. I shall be coming again
to your weblog for extra soon.