Four or five couples, with a prior relationship, renovate a derelict apartment block in the Sydney suburb of Bondi, with each couple renovating a separate apartment over a period of 12 weeks and with a budget of A$40,000. The apartments were then sold at auction, with each couple keeping any profit made above a set reserve price and the couple with the highest profit winning a A$100,000 prize. The current format is relatively the same except the series usually features five couples, it is mainly based in Melbourne suburbs and the budget is $100,000+. The first season was filmed at Bondi and the second at Manly. The third season again took place in Sydney, in the suburb of Vaucluse. Moving to Victoria, Australia, the fourth season was filmed in the Melbourne suburb of Richmond, Victoria on Cameron Street. Breaking with tradition, season four was filmed in four side-by-side houses as opposed to an apartment block of four. Season four saw television personality
Shelley Craft join
Scott Cam in hosting the show.