The Block judge cops $1m loss

The Block judge Darren Palmer is now $1m poorer than he had hoped to be after a seven-figure loss on his home.

Darren Palmer from The Block is $1m poorer than they hoped to be.

Pompano House, the Suffolk Park investment holiday home of The Block interior designer Darren Palmer and husband Olivier Duvillard, has gone under offer.

The duo seem set to have incurred a loss of a $1m-plus on the property.

Jane Johnston, of First National, notified that her listing of the 30 Beachside Drive abode had gone under offer mid-week, with the pending exchange terms not known.

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Darren Palmer’s Byron Bay loss-maker has gone under offer. Picture: realestate.com.au

After the couple bought Pompano House for $3.85m in the pandemic-induced 2021 regional property boom, it went to market with an initial $3.1m to $3.3m guidance in its September listing.

It was then reduced to a range of $2.95m to $3.245m. It subsequently had an offer after the latest price guide of $2.55m to $2.8m.

Held through DPTM Holdings, the four-bedroom home on 720sq m rents at $1500 a night in peak season.

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Darren Palmer.

It is just 100m from Tallow Beach, with a path to the beach from the back gate. It attracted 3330 page views on realestate.com.au.

There have been a growing number of listings and discounts in Suffolk Park, with the time on the market trending up to 83 days from 60 days a year ago.

PropTrack puts the median house price at $2.45m, having recovered from the $1.62m four-year low at the start of the year.

The duo seem set to have incurred a loss of a $1m-plus on the property.

One of the four bedrooms.

However, the prices have still not reached the $2.7m heights that they surged to during the pandemic rush.

The couple’s Bondi Beach house listing recently came down from websites.

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Originally published as The Block judge cops $1m loss