We’re only three weeks into this year’s season of , but fans have already begun sharing how they think the competition will end after the price guides for the five renovated holiday homes in Phillip Island were recently made public. The online listings went live on last week, revealing that the price guides have all been set below $2 million for the first time in eight years. Each of the properties has an indicative selling price of $1.
7 million to $1.85 million, which is an enormous shift from last year’s season where the properties had a reserve price between $2.97 million and $3.
35 million. Last year’s winners Steph and Gian Ottavio - who recently told their tips for winning the show - notably won the most money on when their Hampton East home sold for $5 million, resulting in plus $100,000 for winning. It’s also surprising that the 2024 properties have the exact same price guide considering each of them differ in size.
All five houses have three bedrooms and two car spaces, however, House 1 and House 2 only have four bedrooms compared to their neighbours which have five. House 5 is also the only two-storey property this season as the others only have a mezzanine level. While this would typically suggest that the property would have a higher reserve price, the indicative selling price shows this might not be the case.
It’s also important to note that the median sale price for a house in Cowes, the main township on Phillip Island, is $757,250 over the past 12 mo.