House Rules NZ coming in 2023 as The Block NZ postponed due to 'challenging' housing market

Warner Bros. Discovery ANZ is postponing the next season of The Block NZ until 2024 due to Aotearoa's "challenging housing market".

Next year it will be replaced with a New Zealand version of House Rules, announced the company, which owns Three and Newshub.

House Rules is a home-renovation reality show from Australia's the Seven Network that sees five teams renovating each other's homes and "competing for the ultimate prize".

"The Block NZ is an incredibly important show in our schedule and every year we want to give contestants the best possible chance of success while also delivering an exceptional product for our partners," said Vicki Keogh, Senior Director Production at Warner Bros. Discovery ANZ. 

"We've been monitoring the housing market very closely and due to the ongoing challenges that are occurring, we have made the tough but necessary decision to postpone the show to 2024 to give contestants and the show the best chance of success.

"We know our audiences love a good home reno show and are delighted to announce that we have commissioned a local version of House Rules, another much loved format that we look forward to adapting for our audiences in 2023."

This year's The Block NZ: Redemption saw Chloe Hes and Ben Speedy declared winners after a tough auction for all contestants' properties in Orewa, north of Auckland.

They managed to sell their house for $4000 over the reserve price of $1,141,000 - the lowest profit win in the show's 10 year history.