‘House Rules’ winners have mortgage paid off – and it’s surprisingly small
The winning couple from this year’s series of renovation competition House Rules have secured the top prize of having their mortgage paid off – and it’s come as a surprise just how low it is.
NSW contestants Steve and Tiana, the first father and daughter team to compete in the show’s history, won in the final stage of the contest against Brisbane couple Ben and Danielle. The result, decided by both a judging panel and a viewer phone-in vote, was revealed on Channel 7′s grand final episode to an audience of just under two million last week. As promised, father Steve Falzon has had his mortgage wiped for being on the victorious team.
But, despite living in the notoriously pricey Sydney, this only amounted to Seven having to pay off $250,000. That was the mortgage Falzon had on his home in Shalvey (near Mount Druitt), purchased 23 years ago for $130,000. This was a bargain for Seven, who would have had to pay off a $405,000 mortgage if Ben and Danielle had won. It may come as a surprise to viewers that the NSW team had such a small mortgage. Even during the course of filming this season of House Rules, median house prices in the Shalvey area rose from $366,000 to the current level of $391,500.
This article was originally published on thehomepage.com.au