The Block’s secret clause that prevents auction winners from accessing their prize money
This year’s contestant on The Block walked away with more than $8 million in prize money during last weekend’s auction.
And now an insider has revealed that Channel Nine will be in no rush to hand over the money.
According to the source, contestants on The Block receive their hard-won earnings in installments to protect the show’s “brand.”
“You don’t get it for another 12 months,” former Blockheads said Yahoo lifestyle on Monday.
“It’s spread out over that period so you don’t talk bad on the show and if you do you don’t get your money.”
In February 2024, Block fan favorites Eliza and Liberty revealed to the publication that they had not seen any of their $1.05 million prize money.
The couple had sold their East Hampton renovation on auction day for $4.3 million.
Meanwhile, once the Blockheads earn money, they don’t have to pay taxes on their prize money.
This year’s contestant on The Block walked away with more than $8 million in prize money during last weekend’s auction. And now an insider has revealed that Channel Nine will be in no rush to hand over the money. In the photo: block winners Maddy and Charlotte
Under Australian tax rules, participants who win cash prizes in lotteries, raffles and reality shows are not required to declare their winnings.
It comes after serial bidder Adrian ‘Mr Lambo’ Portelli made history on Sunday night when he bought every Block home on Phillip Island for $15.03 million.
Fan favorites Maddy and Charlotte Harry became The Block’s youngest ever auction winners, taking home an eye-watering $1.65 million profit in Sunday night’s nail-biting finale, with their renovated Phillip Island property selling for $3.5 million.
According to the source, contestants on The Block will receive their hard-earned earnings over twelve years, in installments to protect the show’s “brand.” Pictured: Host Scott Cam with last year’s runner-up on The Block Eliza and Liberty. In February 2024, they revealed to Yahoo. Lifestyle that they had not seen any of their $1.05 million in prize money
Maddy, 24, and Charlotte, 22, also took home an extra $100,000 for their monumental win in their four-bedroom, three-bathroom home, which had a reserve of $1.85 million.
The Sydney sisters entered the heated twentieth season halfway through filming, after couple Paige Beechey and Jesse Maguire threw down their tools.
Meanwhile, their co-stars also walked away from the auction, raking in millions.
Courtney and Grant started the auction day with a stunning win, also selling their property to billionaire Adrian Portelli for a whopping $3.3 million.
This sale netted the pair an incredible profit of $1.35 million on their $1.95 million reserve, instantly placing them among The Block’s all-time highest earners.
Kylie and Brad Baker also laughed all the way to the bank on auction day, with Portelli making another high-profile purchase, securing Kylie and Brad’s properties for $2.6 million.
The couple made a sensational return on Sunday night after the mother-of-four vowed never to return to the Channel Nine show.
Meanwhile, once the Blockheads earn money, they no longer have to pay taxes on their prize money according to government regulations. Pictured: Adrian Portelli with last year’s winners Steph and Gian
Kylie and Brad left the show with a very healthy profit of $650,000 on their property’s $1,950,000 reserve.
Kristian and Mimi entered the auction with a strategic advantage, having secured a $50,000 discount on their reserve.
Amid a flurry of bids, their property sold to a buyer’s agent for $2.93 million, netting the couple an impressive $1.03 million profit and making them the second team this season to become instant millionaires.
It comes after serial bidder Adrian ‘Mr Lambo’ Portelli made history on Sunday night when he bought up every Block home on Phillip Island for $15.03 million.
Earlier in the episode, meanwhile, Ricky and Haydn were visibly frustrated after winning the fourth auction spot, with Ricky calling this the “worst-case scenario.”
However, Adrian came to the rescue again and bought their house for $2.7 million.
This sale netted the boys a solid profit of $750,000, adding them to the season’s roster of big winners.
Throughout the series, Maddy and Charlotte found targets on their backs after revelations emerged about their professional house-flipping experience.
Maddy said she found it difficult to watch the season because of the way she and her sister were treated by the other stars.
Fan favorites Maddy and Charlotte Harry became The Block’s youngest ever auction winners, taking home an eye-watering $1.65 million profit in Sunday night’s nail-biting finale, with their renovated Phillip Island property selling for $3.5 million
She said reliving the experience was “triggering” as she claimed the other cast members treated them “cruelly.”
And since Sunday, viewers have been claiming that The Block is “rigged.”
The Melbourne-based sisters confirmed to Daily Mail Australia that they knew Portelli had his eye on their property even during filming for the series.
“Adrian showed interest in all the houses from the start,” Charlotte said.
“We had had quite a few conversations with Adrian over the last few weeks and spent some time together, so we knew he was interested in all the houses,” she said.
“It was surreal to watch it unfold, but we feel incredibly fortunate that he invested in ours.”