1 00:00:00,640 --> 00:00:03,360 Speaker 1: You're listening to the Fitzi and Whipper podcast on the 2 00:00:03,400 --> 00:00:05,440 Speaker 1: Block last night. Clarity, guys, I think that's what they 3 00:00:05,440 --> 00:00:08,400 Speaker 1: were chasing. It was diabolical. 4 00:00:08,880 --> 00:00:12,600 Speaker 2: That's a big word to describe it, guys, just quickly. 5 00:00:12,640 --> 00:00:14,560 Speaker 2: I mean, I know he's a bit eccentric. I understand 6 00:00:14,600 --> 00:00:18,000 Speaker 2: that he's a bit different. Danny, the main man who 7 00:00:18,000 --> 00:00:21,480 Speaker 2: bids with the hat on, loves to throw the numbers around. 8 00:00:21,480 --> 00:00:23,720 Speaker 2: But as it got on and I was feeling sorry for. 9 00:00:23,680 --> 00:00:28,320 Speaker 3: The contestant, sixty sixth century, what are you talking about? 10 00:00:28,320 --> 00:00:30,400 Speaker 1: Haven't listened to this for men? 11 00:00:31,480 --> 00:00:38,240 Speaker 4: Six hundred sixty six thousand, sixty six six five point 12 00:00:39,680 --> 00:00:47,760 Speaker 4: not not not not not point two point two two 13 00:00:48,360 --> 00:00:53,760 Speaker 4: five four four four for four. 14 00:00:54,680 --> 00:00:58,960 Speaker 2: Maybe you just throw it out that it confused the oxygen. 15 00:00:59,040 --> 00:01:01,480 Speaker 2: I think he's a very generous. He is there every year. 16 00:01:01,800 --> 00:01:04,000 Speaker 2: We did speak to the winners and talk about the winners. 17 00:01:04,000 --> 00:01:06,240 Speaker 2: There was only really one winner of the night, and 18 00:01:06,280 --> 00:01:07,120 Speaker 2: that was O was an Omar. 19 00:01:07,240 --> 00:01:07,880 Speaker 1: They picked up. 20 00:01:07,840 --> 00:01:12,560 Speaker 2: One point six million dollars. We spoke to Omar earlier. 21 00:01:13,520 --> 00:01:15,000 Speaker 2: You must have had a moment though, where you kind 22 00:01:15,000 --> 00:01:18,040 Speaker 2: of felt almost guilty because you had such a big 23 00:01:18,040 --> 00:01:20,959 Speaker 2: wing where everybody else, no one really got anything. 24 00:01:21,160 --> 00:01:23,559 Speaker 5: Yeah, you know, I was very upset, Like I was 25 00:01:23,600 --> 00:01:27,880 Speaker 5: obviously disappointed. Everyone worked so hard for a good return 26 00:01:27,959 --> 00:01:31,800 Speaker 5: and I fellows everyone deserve that. It was pretty disappointing. 27 00:01:32,360 --> 00:01:35,400 Speaker 3: I mean, big questions around why there was such a difference. 28 00:01:35,520 --> 00:01:37,199 Speaker 3: It is just too huge. 29 00:01:37,760 --> 00:01:41,720 Speaker 2: Tom and Sarah Jane twenty thousand dollars they won. Rachel 30 00:01:41,760 --> 00:01:44,800 Speaker 2: and Ryan won one hundred and sixty nine thousand. 31 00:01:44,400 --> 00:01:46,600 Speaker 6: Which was sort of lucky because they would have someone 32 00:01:46,640 --> 00:01:48,240 Speaker 6: would have been and they would have only won a 33 00:01:48,280 --> 00:01:50,560 Speaker 6: handful of And then they passed it in, didn't they. 34 00:01:50,600 --> 00:01:53,160 Speaker 2: Yeah, the other two then, and they should have passed 35 00:01:53,200 --> 00:01:55,200 Speaker 2: it in that Tom and Sarah Jane, they should have 36 00:01:55,200 --> 00:01:59,160 Speaker 2: passed in foresure negotiated afterwards where then the other two 37 00:01:59,200 --> 00:02:00,200 Speaker 2: were passed in as well. 38 00:02:00,760 --> 00:02:02,120 Speaker 3: Yeah, remain unsolned. 39 00:02:02,200 --> 00:02:04,840 Speaker 2: One man that was on the show, and he was 40 00:02:05,360 --> 00:02:07,440 Speaker 2: He was the auctioneer for Dylan and Jenny, so a 41 00:02:07,520 --> 00:02:08,840 Speaker 2: bit of a battle and we love this man. He 42 00:02:08,880 --> 00:02:11,000 Speaker 2: does a lot for charity as well. Damien Cooley, welcome 43 00:02:11,040 --> 00:02:11,440 Speaker 2: to the show. 44 00:02:11,560 --> 00:02:12,399 Speaker 7: How are you with us? 45 00:02:12,480 --> 00:02:15,560 Speaker 2: Damte thanks for coming on to Cooley Auctions. We know 46 00:02:15,639 --> 00:02:17,520 Speaker 2: that you appear on the block and you're a very 47 00:02:17,520 --> 00:02:22,040 Speaker 2: successful auctioneer. But last night you represented Dylan and Jenny 48 00:02:22,639 --> 00:02:23,160 Speaker 2: and I'll. 49 00:02:23,000 --> 00:02:25,480 Speaker 1: Tell you what. It was. Tough in the room. What 50 00:02:25,480 --> 00:02:26,400 Speaker 1: do you think happened? 51 00:02:27,120 --> 00:02:29,760 Speaker 7: It sure was, mate, tough, crowd, tough in the room, 52 00:02:30,120 --> 00:02:34,600 Speaker 7: probably a little bit indicative of current market conditions. They 53 00:02:34,600 --> 00:02:38,920 Speaker 7: were amazing properties, no question about that, Absolutely stunning. I 54 00:02:38,919 --> 00:02:42,480 Speaker 7: think from any investment point of view. The depreciation benefits 55 00:02:42,480 --> 00:02:45,440 Speaker 7: are probably one of the most significant parts of that investment. 56 00:02:46,400 --> 00:02:49,680 Speaker 7: And to be Frayk very well priced in terms of 57 00:02:49,760 --> 00:02:50,840 Speaker 7: replacement costs. 58 00:02:50,880 --> 00:02:53,120 Speaker 6: But what about the reserve, Damien. Why were all the 59 00:02:53,120 --> 00:02:54,760 Speaker 6: houses given the same amount. 60 00:02:55,600 --> 00:02:57,880 Speaker 7: Yeah, the same reserves. I guess they wanted a level 61 00:02:57,960 --> 00:03:00,680 Speaker 7: playing field for everybody to try a cheap as much 62 00:03:00,720 --> 00:03:03,560 Speaker 7: as they can above the reserve. The reserve is the 63 00:03:03,639 --> 00:03:06,720 Speaker 7: number that the block and valuers come up with. Obviously 64 00:03:07,160 --> 00:03:10,480 Speaker 7: love the contestants to make money. They give up three 65 00:03:10,520 --> 00:03:14,440 Speaker 7: months of their lives to renovate a property and they 66 00:03:14,440 --> 00:03:17,120 Speaker 7: want to be rewarded for that. So the reserves are below, 67 00:03:17,400 --> 00:03:20,120 Speaker 7: well below what the replacement cost would be. It'd be 68 00:03:20,160 --> 00:03:22,960 Speaker 7: about six million dollars each house to replace those today. 69 00:03:23,000 --> 00:03:25,120 Speaker 2: You'd argue though, that someone when they buy a property. 70 00:03:25,120 --> 00:03:28,280 Speaker 2: They're buying for the investment. No one's buying and growth, right, 71 00:03:28,360 --> 00:03:30,440 Speaker 2: So you're buying in the hope that the land and 72 00:03:30,480 --> 00:03:32,720 Speaker 2: the house will increase in value. Right, there's you win, 73 00:03:33,760 --> 00:03:35,600 Speaker 2: especially in your living in it. Right, so you're tax 74 00:03:35,600 --> 00:03:40,200 Speaker 2: free on your residential Is anybody buying for depreciation overgrowth? 75 00:03:40,880 --> 00:03:45,600 Speaker 7: Well not necessarily overgrowth, but the depreciation benefits are so great. 76 00:03:45,880 --> 00:03:47,080 Speaker 1: Way they so great? 77 00:03:47,560 --> 00:03:52,000 Speaker 7: Well because they're filled with goods and chattels, TVs, lounges, 78 00:03:52,920 --> 00:03:56,320 Speaker 7: white goods like for example, in Dylan and Jenny's property, 79 00:03:56,320 --> 00:03:59,160 Speaker 7: there was two hundred and fifty thousand dollars worth of 80 00:03:59,640 --> 00:04:03,560 Speaker 7: solar system that can be depreciated. So like this, this 81 00:04:03,600 --> 00:04:06,280 Speaker 7: is an investment like really like no other. 82 00:04:06,640 --> 00:04:08,760 Speaker 3: So then why do you think the result was what 83 00:04:08,800 --> 00:04:09,200 Speaker 3: it was? 84 00:04:10,280 --> 00:04:14,720 Speaker 7: Well, thirty five forty minutes outside of Melbourne, CBD. You know, 85 00:04:14,760 --> 00:04:18,520 Speaker 7: it's a lifestyle purchase rather than a straight out stock 86 00:04:18,600 --> 00:04:21,760 Speaker 7: standard investment like a three bedroom apartment or a house 87 00:04:21,839 --> 00:04:25,200 Speaker 7: or a terrace in Albert Park area. So that had 88 00:04:25,200 --> 00:04:27,360 Speaker 7: its challenges, I guess from a distance point of view, 89 00:04:28,120 --> 00:04:32,440 Speaker 7: we were really ideally looking for owner occupiers who wanted 90 00:04:32,440 --> 00:04:35,599 Speaker 7: that lifestyle tree change, that wasn't to be the case 91 00:04:36,000 --> 00:04:38,479 Speaker 7: in the current market conditions, and I think that sort 92 00:04:38,480 --> 00:04:41,560 Speaker 7: of played into the hands of the investors like a 93 00:04:41,640 --> 00:04:44,840 Speaker 7: Danny of the world who is literally looking to buy 94 00:04:45,360 --> 00:04:47,320 Speaker 7: one thing on Danny is that you know, he cops 95 00:04:47,360 --> 00:04:48,719 Speaker 7: a little bit of flat for the way that he 96 00:04:48,800 --> 00:04:52,159 Speaker 7: bids his quite eccentric, but he's an incredibly generous man, 97 00:04:52,320 --> 00:04:55,640 Speaker 7: Like he donates some of those properties to charity. He 98 00:04:55,720 --> 00:04:57,760 Speaker 7: has people lined up that he's going to let them 99 00:04:57,839 --> 00:05:02,159 Speaker 7: rent free because he's a decent area for sure. 100 00:05:02,640 --> 00:05:05,000 Speaker 2: Damo fair though, when you found out what the reserve 101 00:05:05,200 --> 00:05:06,880 Speaker 2: was and you know that your job is to move 102 00:05:06,880 --> 00:05:09,839 Speaker 2: the property. Fair to say that you took into account 103 00:05:09,839 --> 00:05:11,599 Speaker 2: the area, You took into account, as you said, the 104 00:05:11,600 --> 00:05:16,080 Speaker 2: distance from Melbourne, and then you looked at probably past 105 00:05:16,200 --> 00:05:19,119 Speaker 2: sales or more recent sales of that size of land 106 00:05:19,160 --> 00:05:22,200 Speaker 2: and a new build and you went proh. Not many 107 00:05:22,279 --> 00:05:25,919 Speaker 2: selling over five mil here, not many selling over four 108 00:05:25,960 --> 00:05:29,839 Speaker 2: mil here. I mean, if someone's going to spend top 109 00:05:29,920 --> 00:05:32,679 Speaker 2: dollar in that area, they're wanting to walk into the dream. 110 00:05:32,920 --> 00:05:35,040 Speaker 2: And you can also argue that you can't sell the 111 00:05:35,120 --> 00:05:38,120 Speaker 2: dream without proper landscaping, which is probably ten years away. 112 00:05:38,920 --> 00:05:42,040 Speaker 7: Yeah, well, landscaping takes time to develop. But you know 113 00:05:42,120 --> 00:05:46,360 Speaker 7: Dylan and Jenny's, for example, thirteen acres of land, really 114 00:05:46,480 --> 00:05:47,680 Speaker 7: a beautiful frontage. 115 00:05:47,720 --> 00:05:48,480 Speaker 5: They've got a. 116 00:05:48,360 --> 00:05:52,000 Speaker 7: Great block, really well elevated, beautiful views of the massive 117 00:05:52,000 --> 00:05:54,359 Speaker 7: and rangers. Whilst it is a lot of money for 118 00:05:54,560 --> 00:05:57,880 Speaker 7: that particular location, there's no houses that are built in 119 00:05:57,960 --> 00:06:01,080 Speaker 7: that location that even were sure close to the quality 120 00:06:01,120 --> 00:06:02,960 Speaker 7: of these homes, so it is very unique. 121 00:06:03,240 --> 00:06:04,880 Speaker 6: Was it Dylan and Jenny that had a couple of 122 00:06:04,880 --> 00:06:08,000 Speaker 6: buyers who just didn't speak up in the option they did? 123 00:06:08,080 --> 00:06:10,520 Speaker 7: Yeah, we had a couple of registered ditners that were 124 00:06:10,920 --> 00:06:15,719 Speaker 7: supposedly specifically bidding on our property, but they didn't put 125 00:06:15,720 --> 00:06:18,560 Speaker 7: their hand up for whatever reason. Sometimes I wonder whether 126 00:06:18,560 --> 00:06:22,960 Speaker 7: people just register to get get their mugs on the telly. Unfortunately, 127 00:06:23,040 --> 00:06:25,839 Speaker 7: they didn't bid, and it wasn't meant to be another one, 128 00:06:25,960 --> 00:06:28,919 Speaker 7: but sensitive demo bloke by the name of Adrian that 129 00:06:29,000 --> 00:06:30,640 Speaker 7: was bidding for oz Andomer. 130 00:06:31,080 --> 00:06:33,800 Speaker 2: Rumor has it he was a dummy bidder. That's what's 131 00:06:33,800 --> 00:06:37,160 Speaker 2: flying around this morning. Any truth in the room that 132 00:06:37,240 --> 00:06:37,880 Speaker 2: you heard this? 133 00:06:38,720 --> 00:06:40,720 Speaker 7: Oh, there was a lot of talk about that, but 134 00:06:40,880 --> 00:06:43,360 Speaker 7: I didn't see the guy personally. I did actually check 135 00:06:43,400 --> 00:06:45,680 Speaker 7: him out on Instagram, and he looks like the real 136 00:06:45,720 --> 00:06:48,720 Speaker 7: bill to me. Okay, let me allow me to say 137 00:06:48,720 --> 00:06:50,840 Speaker 7: this that if in fact that that was the case, 138 00:06:50,839 --> 00:06:53,799 Speaker 7: which I highly doubt that he was, he bid well 139 00:06:53,880 --> 00:06:57,279 Speaker 7: and well and truly above the reserve. He was buying 140 00:06:57,279 --> 00:06:58,640 Speaker 7: it if the bid landed on him. 141 00:06:58,680 --> 00:07:01,039 Speaker 1: So I don't think that's in this position now. 142 00:07:01,120 --> 00:07:05,760 Speaker 2: Dylan and Jenny passed in at for formulae and seventy 143 00:07:05,760 --> 00:07:06,400 Speaker 2: five thousand. 144 00:07:06,480 --> 00:07:10,000 Speaker 7: What happens now, so they'll go back to market. They 145 00:07:10,000 --> 00:07:12,360 Speaker 7: will most likely be either looking for a new buyer 146 00:07:12,960 --> 00:07:14,960 Speaker 7: or possibly one of the buyers that was there that 147 00:07:15,040 --> 00:07:18,680 Speaker 7: didn't place a bid. They'll go into negotiations now, and 148 00:07:18,720 --> 00:07:21,800 Speaker 7: I'm assuming most likely have an asking price of a 149 00:07:21,880 --> 00:07:26,280 Speaker 7: number that's well above what that publicized reserve was. That reserve, 150 00:07:26,320 --> 00:07:28,280 Speaker 7: bearing in mind, is just the low number that they 151 00:07:28,280 --> 00:07:31,560 Speaker 7: want the contestants to make. All that sure, I would 152 00:07:31,560 --> 00:07:34,160 Speaker 7: have thought that they should be looking for something anywhere 153 00:07:34,200 --> 00:07:36,920 Speaker 7: between the you know, four point three and four point 154 00:07:36,960 --> 00:07:39,280 Speaker 7: seven or four point eight million dollars, you know, something 155 00:07:39,320 --> 00:07:39,920 Speaker 7: in that range. 156 00:07:40,120 --> 00:07:42,400 Speaker 2: Well, we've done a lot of work together over the years, 157 00:07:42,400 --> 00:07:44,360 Speaker 2: and I last night when I see on TV, I 158 00:07:44,360 --> 00:07:45,200 Speaker 2: thought your hair. 159 00:07:45,120 --> 00:07:45,640 Speaker 1: Was spot on. 160 00:07:46,560 --> 00:07:49,680 Speaker 2: I thought, my god, are they actually off Demo's suit 161 00:07:49,720 --> 00:07:52,640 Speaker 2: ty in hair combo because he's absolutely nailed it. 162 00:07:53,080 --> 00:07:55,600 Speaker 7: Yeah, the p Johnson's physigly for that. 163 00:07:57,720 --> 00:07:59,480 Speaker 1: I love it, buddy, thanks for coming on. 164 00:08:00,120 --> 00:08:01,360 Speaker 7: It's a pleasure. Thanks for having me. 165 00:08:01,400 --> 00:08:02,760 Speaker 2: God see man, Bye bye. 166 00:08:03,600 --> 00:08:04,040 Speaker 1: Wow. 167 00:08:05,000 --> 00:08:08,480 Speaker 2: What a finale to the block. I think we expected 168 00:08:08,520 --> 00:08:10,440 Speaker 2: some bigger number stairs. A couple of the properties were 169 00:08:10,440 --> 00:08:13,640 Speaker 2: passed in. Here was the general sense of the ninth 170 00:08:14,800 --> 00:08:16,520 Speaker 2: by twenty grands. 171 00:08:22,440 --> 00:08:23,360 Speaker 1: I don't know what's going on. 172 00:08:23,440 --> 00:08:26,720 Speaker 6: It's all right, it's not your fault, it's no one's fault. 173 00:08:27,480 --> 00:08:31,520 Speaker 1: It's just such a contrast from before. It's crazy. 174 00:08:32,840 --> 00:08:35,240 Speaker 3: A big win and plenty of disappointed other people. 175 00:08:35,440 --> 00:08:37,960 Speaker 2: Oh maarn I's the only winners on the night. Scotty 176 00:08:38,040 --> 00:08:39,920 Speaker 2: Cam hosts of the show welcome buddy. 177 00:08:40,400 --> 00:08:41,520 Speaker 5: Oh guys, how are. 178 00:08:41,440 --> 00:08:43,640 Speaker 2: You Scotty emotional one last night? And you know what 179 00:08:43,720 --> 00:08:46,400 Speaker 2: I love about this show too, is when the contestants 180 00:08:46,440 --> 00:08:48,200 Speaker 2: come to sit with you, they all know you so 181 00:08:48,280 --> 00:08:50,240 Speaker 2: well and they all feel so comfortable around you, so 182 00:08:50,280 --> 00:08:53,160 Speaker 2: you don't you do get the real emotion of what 183 00:08:53,200 --> 00:08:55,560 Speaker 2: these people have been through and what their hopes are 184 00:08:56,000 --> 00:08:58,760 Speaker 2: for this finale. So you could tell also with some 185 00:08:58,800 --> 00:09:01,200 Speaker 2: of those results you heartbroken for them. 186 00:09:02,240 --> 00:09:04,440 Speaker 5: Oh, absolutely, mate, But you know, like it was a 187 00:09:04,440 --> 00:09:08,120 Speaker 5: really tough night. I made Omar and I was one 188 00:09:08,160 --> 00:09:11,719 Speaker 5: point five one point six million above reserve, and then 189 00:09:12,120 --> 00:09:16,120 Speaker 5: another house goes for twenty grand above reserve. Tom and 190 00:09:16,160 --> 00:09:19,880 Speaker 5: Sarry Jane who worked really hard as the boys did, 191 00:09:20,080 --> 00:09:22,920 Speaker 5: but worked really hard and put a lot of effort in. 192 00:09:23,040 --> 00:09:25,040 Speaker 5: And you know, it was a really heartbreaking moment when 193 00:09:25,080 --> 00:09:30,720 Speaker 5: he said to me, nice guys finished last That just 194 00:09:30,920 --> 00:09:34,959 Speaker 5: hurt and I just felt so bad for him. And 195 00:09:35,000 --> 00:09:38,920 Speaker 5: you know, we're very close because we've spent seven days 196 00:09:38,920 --> 00:09:42,880 Speaker 5: a week for three months to get Yeah, yeah, every day. 197 00:09:43,240 --> 00:09:45,480 Speaker 5: I worked seven days a week with him, and I 198 00:09:45,520 --> 00:09:47,199 Speaker 5: see him, I talk to them, we laugh at them. 199 00:09:47,360 --> 00:09:50,160 Speaker 5: I speaking to Tom and the phone throughout the series, 200 00:09:51,120 --> 00:09:53,400 Speaker 5: He's ringing me. It was a good sha last night, 201 00:09:54,240 --> 00:09:57,920 Speaker 5: and now I have to send them off, you know, 202 00:09:58,480 --> 00:10:01,320 Speaker 5: with twenty thousand dollars. I think was some moments there 203 00:10:01,320 --> 00:10:03,679 Speaker 5: where the real estate agents probably didn't handle it as 204 00:10:03,679 --> 00:10:06,960 Speaker 5: well as they could have. You know, That's why we 205 00:10:07,040 --> 00:10:10,080 Speaker 5: pulled up and said, don't go over the reserve price, 206 00:10:10,520 --> 00:10:12,880 Speaker 5: let's pass this in. I'm all the gost skate. 207 00:10:13,080 --> 00:10:15,360 Speaker 6: So is that what you put the difference down to, Scotty? 208 00:10:15,720 --> 00:10:18,400 Speaker 6: I mean, why such a big difference? 209 00:10:18,440 --> 00:10:19,880 Speaker 3: What do you think that was based on? 210 00:10:20,720 --> 00:10:23,880 Speaker 5: I don't know. That's what I said in the closer 211 00:10:23,960 --> 00:10:26,240 Speaker 5: last night when I you know, we signed off on 212 00:10:26,280 --> 00:10:29,480 Speaker 5: the show. If anybody can explain what happened to me, 213 00:10:29,920 --> 00:10:33,360 Speaker 5: I'd love to hear it. And that's true. What was 214 00:10:33,400 --> 00:10:37,679 Speaker 5: it like with everyone? The crew, the cameraman, the producers 215 00:10:37,720 --> 00:10:40,920 Speaker 5: were all flabbergasting. So it's got one joint gaze for 216 00:10:41,000 --> 00:10:43,520 Speaker 5: five point six million and the next joint goes for 217 00:10:43,600 --> 00:10:46,000 Speaker 5: four point one and they're actually identical. 218 00:10:46,400 --> 00:10:48,720 Speaker 2: So Scotty when they say cut, that's a rap. Guys, 219 00:10:48,760 --> 00:10:50,360 Speaker 2: well done. What was the mood like? 220 00:10:50,520 --> 00:10:51,360 Speaker 1: What happened next? 221 00:10:53,320 --> 00:10:55,960 Speaker 5: Look? You know what, they were pretty good. They were 222 00:10:56,320 --> 00:10:59,920 Speaker 5: Tom and Sarah Jane. Yeah, you know, there were stoic. 223 00:11:00,160 --> 00:11:03,640 Speaker 5: They were unbelievable in fact, and they weren't angry. They 224 00:11:03,640 --> 00:11:05,920 Speaker 5: weren't they were just going it is what it is. 225 00:11:07,120 --> 00:11:09,680 Speaker 5: And you know what Sarah Jones said to be, we'll 226 00:11:09,760 --> 00:11:11,679 Speaker 5: just pay out mortgage off like everybody else. 227 00:11:13,280 --> 00:11:15,680 Speaker 2: Oh, it's just you know, you know what this show 228 00:11:15,720 --> 00:11:17,840 Speaker 2: can bring Scotty you've lived it in your breeze that 229 00:11:17,920 --> 00:11:20,280 Speaker 2: for twenty years. You know what this show can bring. 230 00:11:20,720 --> 00:11:23,240 Speaker 2: And you go in there and it is literally you 231 00:11:23,240 --> 00:11:25,520 Speaker 2: stop your life and then it's blood, sweat and tears 232 00:11:25,520 --> 00:11:29,640 Speaker 2: for three months, seven days a week. And then for 233 00:11:29,720 --> 00:11:31,960 Speaker 2: that result, you go. 234 00:11:31,920 --> 00:11:34,600 Speaker 5: WHOA heartbreaking. But you know what, guys, that's what the 235 00:11:34,640 --> 00:11:37,719 Speaker 5: block is. Yeah, competition to win one hundred thousand dollars, 236 00:11:38,120 --> 00:11:41,360 Speaker 5: and you know you've got to You've got to do 237 00:11:41,480 --> 00:11:43,839 Speaker 5: your best, have all your planets align, get your eyes 238 00:11:43,880 --> 00:11:46,280 Speaker 5: in place, have your real estate agents work, have your 239 00:11:46,280 --> 00:11:52,360 Speaker 5: optioneer work, and like, because it's real, it doesn't sometimes 240 00:11:52,360 --> 00:11:55,120 Speaker 5: it doesn't come off. Yeah, because real what mums and 241 00:11:55,200 --> 00:11:59,240 Speaker 5: dads are going through every weekend in options, they're pretty 242 00:11:59,240 --> 00:12:01,240 Speaker 5: their use up to say, well, and because the market 243 00:12:01,320 --> 00:12:06,360 Speaker 5: changes and there's a lack of confidence in borrowing money, 244 00:12:06,600 --> 00:12:10,880 Speaker 5: yeah they you know, those things happen sometimes. I suppose 245 00:12:10,920 --> 00:12:13,360 Speaker 5: it's out of our control. 246 00:12:13,920 --> 00:12:15,719 Speaker 2: Did you look at I mean when you found out 247 00:12:15,920 --> 00:12:18,640 Speaker 2: what the reserves were, when that number was announced to you, 248 00:12:20,080 --> 00:12:21,559 Speaker 2: part of you would have gone, I get it. And 249 00:12:21,559 --> 00:12:25,000 Speaker 2: there's some depreciation going on in a brand new house, 250 00:12:25,040 --> 00:12:27,720 Speaker 2: and I understand the tax benefit of that, and then 251 00:12:27,760 --> 00:12:29,720 Speaker 2: you would have gone, hang on a minute, it's much 252 00:12:29,800 --> 00:12:31,480 Speaker 2: selling for over four mil out here. 253 00:12:32,559 --> 00:12:35,400 Speaker 5: Yeah. No, I was happy with the reserves. It was. 254 00:12:35,640 --> 00:12:38,000 Speaker 5: It's not me, I'm not. I mean, no one's ever 255 00:12:38,000 --> 00:12:39,960 Speaker 5: happy for the reserves. We'd like them to be traying 256 00:12:39,960 --> 00:12:40,280 Speaker 5: a half. 257 00:12:40,720 --> 00:12:41,760 Speaker 1: Yeah, I was. 258 00:12:42,600 --> 00:12:46,680 Speaker 5: It's based on evaluation that's done off the plans before 259 00:12:46,760 --> 00:12:50,160 Speaker 5: the show starts, and I don't know them until that day, 260 00:12:51,200 --> 00:12:53,880 Speaker 5: and I was thinking they were going to be higher. 261 00:12:55,000 --> 00:12:57,640 Speaker 5: Well you might add about those I thought not man 262 00:12:57,840 --> 00:13:02,160 Speaker 5: on the money after the first option guys, they were 263 00:13:02,200 --> 00:13:04,080 Speaker 5: spot on the money and take they was too low. 264 00:13:05,200 --> 00:13:08,080 Speaker 2: You might be fair to suggest that when the reserves 265 00:13:08,080 --> 00:13:10,600 Speaker 2: were set at the start of the show, maybe the 266 00:13:10,640 --> 00:13:14,000 Speaker 2: market had shifted and they need to be that needed 267 00:13:14,000 --> 00:13:16,360 Speaker 2: to be reflected in the reserve reserves by their time 268 00:13:16,400 --> 00:13:17,400 Speaker 2: it went to market. 269 00:13:17,559 --> 00:13:19,840 Speaker 5: I think it was. I think it came down from 270 00:13:19,840 --> 00:13:20,880 Speaker 5: the original. 271 00:13:21,080 --> 00:13:22,280 Speaker 1: Oh really right? 272 00:13:22,440 --> 00:13:25,640 Speaker 5: Yes, Oh my god? Because of that. 273 00:13:27,280 --> 00:13:31,800 Speaker 3: Sorry, is there any update on the two places? 274 00:13:31,840 --> 00:13:33,480 Speaker 6: I think it was what Sean and a Arthur and 275 00:13:33,559 --> 00:13:36,800 Speaker 6: Dylan and Jenny who both passed in, But no result whatsoever, 276 00:13:36,840 --> 00:13:38,959 Speaker 6: any update on them, not yet. 277 00:13:39,240 --> 00:13:42,520 Speaker 5: But we're negotiating and we'll do that for two weeks 278 00:13:42,600 --> 00:13:46,079 Speaker 5: and you take out time. I'm pretty confident that we're 279 00:13:46,080 --> 00:13:49,400 Speaker 5: going to get you know, maybe four point two, four 280 00:13:49,400 --> 00:13:50,120 Speaker 5: point three. 281 00:13:50,280 --> 00:13:50,880 Speaker 3: It'll be good. 282 00:13:51,559 --> 00:13:54,280 Speaker 5: There's people they'll get a couple hundred thousand, but that 283 00:13:54,320 --> 00:13:58,880 Speaker 5: doesn't help Tom and Sarah Jane. What happens is you've 284 00:13:58,920 --> 00:14:02,880 Speaker 5: got your reserve for me in an eighty and saying 285 00:14:02,880 --> 00:14:05,199 Speaker 5: to the real estate agent if it gets close to that, 286 00:14:05,800 --> 00:14:11,079 Speaker 5: and stalling passes in immediately, yeah, immediately. That's my screaming 287 00:14:11,559 --> 00:14:15,160 Speaker 5: and the phone last night, and it's passed him. And 288 00:14:15,360 --> 00:14:19,400 Speaker 5: of course what happened was it's Domantira James. It's crept 289 00:14:19,440 --> 00:14:25,080 Speaker 5: over the reserve by twenty grand and then stopped. And 290 00:14:25,120 --> 00:14:28,560 Speaker 5: you know that court that is on the market. We 291 00:14:28,600 --> 00:14:31,000 Speaker 5: can't do it and think it. That's the wors it's on 292 00:14:31,040 --> 00:14:34,720 Speaker 5: the market. So that's why the others we passed in 293 00:14:35,680 --> 00:14:37,720 Speaker 5: I was I rang the real estate agents straight away 294 00:14:37,720 --> 00:14:39,400 Speaker 5: as had passed it in. Mate. 295 00:14:39,680 --> 00:14:41,400 Speaker 3: Yeah, but they all benefited, didn't they. 296 00:14:41,880 --> 00:14:46,920 Speaker 5: It was seventy five thousand and they kept us for big. 297 00:14:48,360 --> 00:14:51,240 Speaker 2: God, Scotty, what about this? What about this blake Adrian 298 00:14:51,280 --> 00:14:54,920 Speaker 2: Portelli flying rumors flying around that he was a dummy bidder, 299 00:14:55,440 --> 00:14:58,560 Speaker 2: you know, for Omar and Oza's house. He's come out 300 00:14:58,560 --> 00:15:00,320 Speaker 2: and said, hang on a minute, I'm success for my 301 00:15:00,320 --> 00:15:01,360 Speaker 2: own right, I've got the money, and. 302 00:15:01,360 --> 00:15:03,280 Speaker 1: I would have bought it. It would have fallen to me, 303 00:15:03,360 --> 00:15:04,680 Speaker 1: of course, if I wouldn't. 304 00:15:04,440 --> 00:15:08,960 Speaker 2: Wasn't out bid because he was clearly above the reserve. 305 00:15:09,080 --> 00:15:10,160 Speaker 2: So there's no truth in that. 306 00:15:11,120 --> 00:15:14,680 Speaker 5: No, not that he was. He was keen on their 307 00:15:14,720 --> 00:15:18,400 Speaker 5: house and then it we're too high and he pulled out. 308 00:15:18,720 --> 00:15:23,120 Speaker 5: But having said that, and absolutely I had not. I had, 309 00:15:23,680 --> 00:15:25,960 Speaker 5: you know, someone suggested that to me, and I don't 310 00:15:26,000 --> 00:15:28,600 Speaker 5: know that at all about the dummy bidding bit. But 311 00:15:29,080 --> 00:15:31,520 Speaker 5: if he, if he, if the boys organized a dummy 312 00:15:31,520 --> 00:15:37,400 Speaker 5: bidder to push that up to five million, well that's 313 00:15:37,400 --> 00:15:40,920 Speaker 5: a strategy, is and it's in an option. And of 314 00:15:40,920 --> 00:15:44,840 Speaker 5: course if Danny had stopped, he would have had to 315 00:15:44,840 --> 00:15:48,080 Speaker 5: buy the house. Yeah, yeah, that's not a dumby bidder, 316 00:15:48,160 --> 00:15:48,720 Speaker 5: that's for bidder. 317 00:15:48,960 --> 00:15:50,880 Speaker 1: Yeah, he's a bitter, he's legitimate. It would have fallen 318 00:15:50,920 --> 00:15:52,080 Speaker 1: to him, wouldn't it. 319 00:15:52,080 --> 00:15:54,320 Speaker 5: It's right said he had to stop. He's not going 320 00:15:54,320 --> 00:15:56,400 Speaker 5: to know that he's going to go to five point six. 321 00:15:57,040 --> 00:16:00,400 Speaker 5: It was at five point four on his call Yeah, Adrian. 322 00:16:00,920 --> 00:16:03,360 Speaker 5: So Danny had pulled out at that point, which he 323 00:16:03,400 --> 00:16:06,800 Speaker 5: has in the past. Yeah, he's pulled out a couple 324 00:16:06,800 --> 00:16:08,480 Speaker 5: of years ago. El, so we could pulled out. If 325 00:16:08,520 --> 00:16:11,000 Speaker 5: Danny had to pulled out the knat, Adrian would have 326 00:16:11,040 --> 00:16:12,680 Speaker 5: owned the home at four point five. 327 00:16:14,400 --> 00:16:16,320 Speaker 2: Jeesus little the emotional one, Scotty. But you know what 328 00:16:16,320 --> 00:16:20,440 Speaker 2: I'm thinking. I mean, that's the rollercoaster that the block 329 00:16:20,640 --> 00:16:24,120 Speaker 2: is and it doesn't happen year on years. So I 330 00:16:24,160 --> 00:16:26,720 Speaker 2: reckon anybody watching last night would be and they liked 331 00:16:26,760 --> 00:16:28,720 Speaker 2: the block, and they'd considered going on the Block, you'd go, 332 00:16:28,960 --> 00:16:30,120 Speaker 2: I want to be on next season. 333 00:16:30,840 --> 00:16:32,360 Speaker 3: Oh, you think it'll correct it? 334 00:16:32,360 --> 00:16:35,640 Speaker 1: It'll correct itself, That's what That's what I would. 335 00:16:35,440 --> 00:16:38,440 Speaker 2: Bet And Scotty just just quickly, what time is the 336 00:16:38,440 --> 00:16:40,720 Speaker 2: bus coming through to take you to the water today? 337 00:16:40,720 --> 00:16:46,160 Speaker 5: Mate, I'm going to lunch today in Melbourne. Lunch today. 338 00:16:45,480 --> 00:16:52,200 Speaker 5: We had a few the settlers with yesterday. Well, I'm 339 00:16:52,240 --> 00:16:58,240 Speaker 5: going to lunch today with the producers executive team and 340 00:16:58,360 --> 00:17:00,000 Speaker 5: we're going to a beautiful joint in the city. 341 00:17:00,000 --> 00:17:01,960 Speaker 3: Emil, celebrate a big season. 342 00:17:01,960 --> 00:17:03,640 Speaker 2: You deserve it, mate. Good on your buddy and keep 343 00:17:03,640 --> 00:17:05,320 Speaker 2: those boys. 344 00:17:06,800 --> 00:17:07,000 Speaker 1: Good. 345 00:17:07,000 --> 00:17:09,320 Speaker 2: On your buddy, well done, Thank you another great guy 346 00:17:09,440 --> 00:17:09,920 Speaker 2: of the block. 347 00:17:10,760 --> 00:17:11,359 Speaker 5: Thank you mate. 348 00:17:12,320 --> 00:17:14,840 Speaker 1: You're listening to the Fits and Whippo podcast.