This year’s contestant on The Block walked away with more than $8 million in prizes between them during last weekend’s auction.
And now a source has revealed that Channel Nine will be in no rush to hand over the money.
According to the source, The Block contestants receive their hard-earned profits in installments to protect the show’s “brand.”
“You don’t get it for 12 months,” said former Blockheads Yahoo Lifestyle on Mondays.
“It’s spread out over that period so you don’t speak badly on the show, and if you do, you won’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 Blockheads collect money, they won’t have to pay taxes on the prize money.
This year’s contestant on The Block walked away with more than $8 million in prizes between them during last weekend’s auction. And now a source has revealed that Channel Nine will be in no rush to hand over the money. Pictured: Block winners Maddy and Charlotte
Under Australian tax rules, contestants who win cash prizes in raffles, lotteries and reality shows do not need to declare their winnings.
Comes after serial bidder Adrian ‘Mr Lambo’ Portelli made history Sunday night when he snapped up all of Block’s Phillip Island homes for $15.03 million.
Fan favorites Maddy and Charlotte Harry became The Block’s youngest auction winners, taking home a spectacular $1.65 million profit in Sunday night’s thrilling finale, and their renovated property on Phillip Island sold for $3.5 million.
According to the source, The Block contestants receive their hard-earned profits over a twelve-year period, in installments to protect the show’s “brand.” Pictured: Host Scott Cam with last year’s runners-up on The Block Eliza and Liberty. In February 2024 they revealed it to Yahoo. Lifestyle who had not seen any of his $1.05 million in prize money
Maddy, 24, and Charlotte, 22, also took home an additional $100,000 for their monumental win, on their four-bedroom, three-bathroom home that had a reserve of $1.85 million.
The Sydney Sisters entered the heated 20th season midway through filming, after couple Paige Beechey and Jesse Maguire downed their tools.
Meanwhile, his co-stars also walked out of the auction and pocketed millions.
Courtney and Grant started auction day with a surprising victory and also sold their property to billionaire Adrian Portelli for a whopping $3.3 million.
This sale gave the couple an incredible $1.35 million profit on their $1.95 million reserve, instantly propelling them to The Block’s all-time top earners.
Kylie and Brad Baker also laughed all the way to the bank on auction day, and Portelli made another headline-grabbing purchase, securing Kylie and Brad’s property for $2.6 million.
The couple made a sensational return on Sunday night after the mother-of-four vowed she would never return to the Channel Nine show.
Meanwhile, once Blockheads collect money, they will not have to pay taxes on the 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 $1,950,000 estate reserve.
Kristian and Mimi entered the auction with a strategic advantage, having achieved a $50,000 reduction in their reserve.
Amid a flurry of offers, their property sold for $2.93 million to a buyer’s agent, earning the couple an impressive $1.03 million and making them the second team this season in becoming instant millionaires.
It comes after serial bidder Adrian ‘Mr Lambo’ Portelli made history on Sunday night when he snapped up all of Block’s Phillip Island homes for $15.03 million.
At the beginning of the episode, Ricky and Haydn were visibly frustrated after getting fourth place in the auction, with Ricky declaring it the “worst case scenario.”
However, Adrian once again came to the rescue and snapped up her home for $2.7 million.
This sale netted the boys a solid profit of $750,000, adding them to the list of big winners of the season.
Throughout the series, Maddy and Charlotte found targets on their backs after revelations emerged from their professional house-flipping experience.
Maddy said she found it difficult to watch the season because of how the other stars treated her and her sister.
Fan favorites Maddy and Charlotte Harry became The Block’s youngest auction winners, taking home a spectacular $1.65 million profit in Sunday night’s thrilling finale, with their Renovated Phillip Island property sold for $3.5 million.
He said reliving the experience had been “triggering” as he claimed the other cast members treated them “cruelly”.
And since Sunday, viewers have claimed The Block is “rigged.”
The Melbourne sisters confirmed to Daily Mail Australia that they knew from the beginning during filming of the series that Portelli had his eye on their property.
“Adrian showed interest in all the houses from the beginning,” 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 see it unfold, but we feel incredibly lucky that he invested in ours.”
