Things weren’t faring any better for the remaining two pairs, whose properties were passed in. So far, 204 donors have pledged $5041, four times what the pair earned at last night’s finale. In all seriousness though, renovating and flipping homes for profit only works in a stable or rising market – the polar opposite of what New Zealand currently has. House prices across New Zealand are plummeting after experiencing one of the world’s biggest rises over the pandemic. The Block should go on hiatus for a year and only return once the Reserve Bank starts cutting rates and the market turns.

Source: Stuff October 13, 2022 05:12 UTC