EDIT: The original article incorrectly listed Shane Lowe’s start date in real estate as March 2017. Shane Lowe has worked in real estate for a number of years, employed with Raine & Horne prior to joining Purple Bricks. SA Real Estate News apologises for this error.
Overnight on Channel 7’s prime-time show House Rules, “Local Property Expert” Shane Lowe of Purple Bricks valued a home before and after the contestant’s renovation of this West Beach home, with a valuation coming in at 130% of the pre-renovation price.
The home owned by ex-AFL star Jared Petrenko and his partner Jess, was fully renovated in just a week on a the show, but was left with lots of minor issues identified by the judges on the show, such as poor paint finishes and confusing design choices.
The 2 bedroom home was Jared’s “bachelor pad” before inviting his girlfriend to live with him, who refused to take up residence without a complete overhaul, which saw them join the show as contestants.
Lowe inspected the property initially providing a valuation of $570,000. When he visited the home a week later, he provided a revised figure of $730,000, 130% of the original price for the 2 bedroom home in West Beach, where the median sale price was $730,000 in 2017 for the suburb.