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Buyer’s advocate shares his thoughts on The Block auctions

October 31, 2017 Leave a Comment

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He successfully snapped up Josh and Elyse’s winning house for comedian Dave ‘Hughesy’ Hughes at the weekend. Now buyer’s advocate Greville Pabst shares his thoughts on the auction results and the series overall.

Season 13 of The Block has been filled with drama from day one and Sunday’s auction was no exception. Five beautiful homes went under the hammer, as many potential buyers gathered to try and get their hands on a great piece of real estate. The dream family homes are perfectly located between the Elsternwick and Ripponlea villages with public transport, restaurants, cafes and also one of Australia’s best schools, Caulfield Grammar, within walking distance.

Greville Pabst successfully bid on Josh and Elyse’s house for his client Dave Hughes

Bidding at auction can be very nerve-racking, hence these days more and more people are seeking advice and lead from a buyer’s advocate like myself. A buyer’s advocate can guide a buyer or seller through the process in order to get the best possible outcome. This season, every one of the homes was purchased by a buyer’s advocate, bidding on their client’s behalf. My client was the wonderful Dave Hughes.

The auctions were off to a great start and I was able to place the winning bid on the greatest house of them all, Josh and Elyse’s, which Hughesy was very happy about. Josh and Elyse’s, or now Hughesy’s house, is located on the best spot of them all being a corner block facing north, with the smart roller garage door that opens onto the backyard, an impressive hallway with soaring high ceilings and solid hardwood floors. To top it all off, the Dave Franklin designed garden with plunge pool is simply stunning. I actually expected it to go for a bit more, so we are both happy with the final price.

The second house up for auction was Jason and Sarah’s, which also received a great result. When I brought buyers through the houses in the lead up to the auction, houses one and five were the most popular. I’m not surprised that they ended up in the top two with Josh and Elyse being the winning couple.

After the first two auctions, tensions increased when Sticks and Wombat reached $130,000 over reserve. The bidding continued to slow with a thin buying pool, so I’m not surprised that the remaining houses did not reach a better result. I’m actually more surprised that Ronnie and Georgia’s house was the only house that got passed in.

The past weekend was one of the busiest auction weekends in Melbourne history, with over 1,100 properties up for auction. This made the competition even harder, especially when five houses in the $2.5+ million price range are being auctioned back to back. It doesn’t normally happen, and if the auctions would have been staggered over a few months, we would likely have seen more competition and higher results.

Taking a quick look at the results of last year’s season, we can see that the auction order has a huge impact on the result, with the winners being the first ones up for auction two years in a row. 

Greville Pabst

There are many variables when placing the winning bid on auction day, here are just a handful of my tips and tricks:

  1. Before the auction, it’s important that you have all your financials sorted and have set a clear budget. It’s good to have an uneven number as your final limit, as it would be very frustrating to lose a property for just a couple of thousand dollars.
  2. During the auction, make sure you have a clear view of the auctioneer and can keep track of each bid that comes through to have good eye contact.
  3. Stand in a position where you can see your competition and be able to read their body language, it will reveal more than you think.
  4. Sometimes it’s all about the timing and knowing when to enter the bidding, when to pause, hold back and when to walk away. I tend to sit back and get a feel for the competition before making my first bid.
  5. An auction can be very nerve-racking, but the more prepared you are prior to auction, the better you will feel during the auction. Keep a relaxed face, show confidence and don’t let the opponents know your limit.

It’s been a great season of The Block and I’m very excited to see the transformation of The Gatwick coming up in 2018…

–Greville is CEO and executive chairman of WBP Group and one of the buyer’s advocates on The Block. He is a regular commentator on Sky News and the daily papers such as Herald Sun, the AFR and The Australian, helping everyday Australians make better property decisions.

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Australian made bathroomware is seriously impressi Australian made bathroomware is seriously impressive!

The new @studio.xox ONLY sells Australian brands. Like @nood_co coloured basins, lead-free eco brass from @faucetstrommen and @lindseywherrett's  ceramic basins made by hand in Tassie.

And as for their Sydney showroom (they also sell online): WOW.

See and read more on the blog now via link in bio.

#interiorsaddict #theinteriorsaddict #jenbishop
#creatingbeautifulspaces #homestylingdesign
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I'm THRILLED to be an ambassador for the brand new I'm THRILLED to be an ambassador for the brand new @madeinaustshow in Sydney this August.

🦘🐨Forget every tacky association you ever had about touristy Australian made and prepare to see a showcase of the best of home, lifestyle, fashion and beauty made right here. If the pandemic has made you appreciate buying local even more, this is for you.

It's the first business to business trade event connecting retailers with Australian made products to champion our local makers🙏

Apply to exhibit or find out more at their website, via their bio, now!

Are YOU buying more Australian made post covid?

#madeinaustralia #australianmade #aussiemade #aussiedesign
Do I recommend a timber vanity top? A big fat NOP Do I recommend a timber vanity top?

A big fat NOPE! 💧 

Which is why we have recently covered ours with a Caesarstone top (thanks to @justinplace_sydney for the advice and supply) and the sweet RELIEF of not having to worry about this high traffic area anymore, I'm telling you!🤗

Doesn't matter what they tell you or how many times it's sealed, I'm not sure it's a great idea in a room which is so, well, wet!

I love having the warmth of timber in the bathroom and it's a beautiful piece, but timber on the top? Never again.

Ours probably lasted a year (if that) before it started to go downhill (and we want a good decade out of a bathroom, right?!). 2.5 years on, everything else in this bathroom looks virtually brand new and the water marked vanity top was really letting the side down and making me sad!

But I'm so pleased with this solution, I have to say! Took the plumber less than an hour to remove the sink, install the top and connect the sink back up. We didn't need to move the tap and it isn't too close to the basin.

The kids are allowed to brush their teeth and wash their hands (liquid soap 🥴) in here again and I can leave my hair straightener on there with gay abandon 😆

The reflective surface (which I can clean with whatever I like!💪🏻) brightens the room up too!

Next week I'll tell you what I really think of my brass tile trim too 😉

#interiorsaddictbathroomreno2 #interiorsaddictfamilyhomereno #timbervanity
Is there a more decadent and delicious soup than F Is there a more decadent and delicious soup than French onion?

I think not!

Grab the recipe on the blog this morning via link in bio.
Get to know me! I haven't done one of these in YE Get to know me!

I haven't done one of these in YEARS so there's possibly thousands of you who don't know my back story. Here's a few things you may not know about me!

✔️ I'm English 🏴󠁧󠁢󠁥󠁮󠁧󠁿 and I moved here (just for one year) back in 2008😆 

✔️ I can't end the day without a bath, even if I get home really late or on a really hot day. It's a mental health thing and my happy place. 🛁 

✔️ Before becoming a blogger and running my own small business, I was a journalist from the age of 18. My favourite news gathering times were as a newspaper crime reporter (bit different to interiors!) 📓 

✔️ I once worked at New Scotland Yard in London 🚔 

✔️I had an interview at Oxford (didn't get in!) but chose not to go to uni at all after being offered a job on the local paper #universityoflife 😁

✔️ My mum died when I was 3, I have an excellent dad and one sister (younger) in the UK ❤️ 🇬🇧 

✔️ At school, my favourite subject was French 🇫🇷 and I was head girl 🤓🤓

✔️ I'm addicted to ☕️ , long hot baths and💄 (been wearing it since I was about 14!)

✔️ I'm not a phonecall person and will never ever pick up an unknown number. Ever. They can leave a message 😁

✔️ My favourite cuisine is Japanese 🍣 🍜 and Damian and I honeymooned in Tokyo and Venice 

✔️ I have zero design qualifications. I just started blogging about my passion, which is trying to persuade everyone to #heartyourhome That was 11 years ago...

✔️ My favourite tipple is a good GnT or🍷 

✔️ Cheesy as it sounds, 💁‍♀️being a mum is my absolute biggest joy in life 🧒👦

✔️ I will never give up my old school paper diary! Has to be A5 and week to view 📖 

✔️ My official surname isn't Bishop. I kept my maiden name for work after I got married but changed it for everything else. Often confuse myself!

✔️ I didn't get my Ps until I was 37 and I'm still a terrible parker 😯 🅿️

Hope you feel like you know me a bit better 😘

📸 @vanlowvanlow
Blue, green or lilac? 🎨 @nood_co coloured con Blue, green or lilac? 🎨 

@nood_co coloured concrete basins is a great Aussie business success story. Although co founder Matt Di Costa first found fame as one half of Matt and Kim on The Block, he hasn't relied on this to build his brand.

“We are very honoured to have been a part of The Block, and all they have done for us. I am, however, a believer in letting the product take centre stage,” he says.

Read our interview with Matt via link in bio now.

🙏Share your favourite colour basin in the comments!

#colouredconcrete #noodco #colouredbasin #blockheads #the block #bathroomtrends2022

Pic 1 by @naibudesign_ and 2 by @twostyleinteriors
I'd love to see more colour in Aussie interiors! I'd love to see more colour in Aussie  interiors! 🎨 

At the end of the day though, it's a matter of personal taste. I love pops of colour but it's not for everyone. 

We couldn't resist featuring this Canadian house tour today. The amazing Kelly Green  hutch (swipe) was an upcycled $200 find 🤗

Head over to the blog via link in bio to see the rest including one of the best playrooms we've seen in ages!

Project by @in.house.design
📸 @philcrozier
Create an unexpected city oasis with an emphasis o Create an unexpected city oasis with an emphasis on light and nature.

That was the brief for the conversion of a corner shop and a warehouse bakery into a luxury family home in Sydney's Newtown. And how about the library?!

Take the tour of this very special @annacarindesign project on the blog now, via link in bio.

Pic: @justinalexanderphoto
The things that excite me as a 40 year old 🤭 N The things that excite me as a 40 year old 🤭

None of us enjoy laundry (OK, there are a few of you out there who do. Weird!) but we have to do it. And often. So if your laundry bin can be as good looking, functional and space saving as this, then why wouldn't you?!

I've lost track of how many baskets I've thrown out because they've gone soggy or mouldy. They look pretty, sure, but they're not fit for purpose and they're often messy and overflowing.

Here's what I love about his @brabantia_australia one:

✔️ ventilation holes
✔️ no need to remove the lid for small items plus it hides your dirty laundry from view
✔️ easily removable and washable inner laundry bag that velcros back on 
✔️ corrosion resistant so fine in bathroom or laundry 
✔️ Brabantia make things as sustainably as possible
✔️ compact, sleek, European design
✔️ 10 year warranty
✔️ tall and skinny so takes up less floor in my tiny laundry

The Rolls Royce of laundry bins? I think so 👌🏻

TOLD you this was going to be exciting!

Now I need to know, do you have your laundry basket in the bathroom, the laundry, every bedroom? We used to have one in each bedroom but moved to the laundry-only situation which I much prefer (one for colours and one for whites). My boys know to put their used clothes in the bin in the laundry each night and they're 7 and 3!  #raisingfuturehusbands

#gifted
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About Jen Bishop

Jen Bishop is our owner and publisher and an experienced journalist and editor. Interiors Addict has been her full-time job for more than 8 years. She is married to Damian and mum to Sebastian and Charlie.

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