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Block winner’s house sells for 4.2% over median price for Hobsonville Point

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Fuseworks Media
Fuseworks Media

If you’re writing on tonight’s result from The Block please consider the following comment from Bindi Norwell, Chief Executive at REINZ:

"Continuing the theme seen in previous years, the winner of tonight’s live auction of The Block sold their house for above the median price for the suburb the houses were built in. The median price for 3-bedroom homes for the 3 months ending August 2018 was $968,888 which means that at a sale price of $1,009,500 Amy and Stu sold their house for 4.2% above the median price for Hobsonville Point.

"It was great to see all four houses sold under the hammer as auctions can be a tense time for any vendor, let alone when the auction is played out on television and live streamed to the entire country. Our congratulations go to Amy and Stu for a fantastic result."

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