From a series record to passing it in, here's what The Block 2023 auction results tell us about Australia's housing market

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One couple has netted a staggering $1.6 million in profits after winning The Block, while another couple’s shaky auction saw them walk away with $65,000 in comparison. So, what do these wildly different results say about Australia’s housing market?

The Block is over for another year, but not before ending with five auctions that all produced wildly different results.

So what happened during Sunday night's finale of The Block, and what does it say about Australia's housing market?, who are the youngest team in this year's series at just 27, won The Block with their property selling for $5 million, a huge.property was the fourth house to go under the hammer. For a bit of perspective, earlier this year Mr Portelli had his multi-million-dollar McLaren car craned into his Melbourne penthouse.profit, which caused Mr Portelli to receive criticism online with claims he was a "dummy bidder" invited along to help bump up the price., Mr Portelli said: "After the slack I copped last year I had to prove I'm not a dummy bidder and came out hard and strong.

"Despite being below record highs, Victorian dwelling values have moved past a trough, 3.0 per cent over the year to date.over the past few years, and rising interest rates since May have only added to the relatively subdued nature of the market., which again probably reflects the current constraints on finance, and buyers not wanting to borrow as much.

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