Viewers may have only seen the first two rooms that The Block 2024 cast has renovated, but the expected sale prices for the finished homes have already leaked.
Domain.com.au has listed price guides for all five houses, and each has an indicative selling price between $1.7 million – $1.85 million.
Considering that the houses on The Block 2023 sold for between three and five million dollars, this year’s expected prices are very low.
An ex-The Block contestant is pissed about the low-price guides
Towards the end of the season, each The Block 2024 team will be given a reserve price and an auction will be held.
Contestants keep any money their houses sell for over the reserve, and the pair that sells their house for the highest amount scores an extra $100,000.
Last year’s winners Steph and Gian walked away with a total profit of $1,650,000 – which is the biggest amount a team has ever won.
However, the villains of the season, Kristy and Brett, pocketed just $65,000 for their three-month renovating stint.
A former The Block contestant told Daily Mail Australia that they believe the low-price guides are a set-up for this year’s contestants to “win stupid money”
“These houses are going to sell for $ 3 million and that is a stitch-up for Channel Nine to have a really exciting finale where everyone this year makes big money.,” the unnamed The Block alum said.
“There is not a chance this hasn’t been massaged to suit a narrative that works for the show’s format.”
Meanwhile, another, slightly more diplomatic (but also unnamed) former contestant pondered why the prices were so low.
“Maybe these price guides are so low for a reason? It is either to make these houses more appealing to the average buyer or so Adrian Portelli can afford to buy the entire resort for $15 million, that would be my guess,” they speculated.
Adrian, otherwise known as Lambo Guy, famously started a bidding war on Oz and Omar’s house which sold for a whopping $5.586 million on The Block 2022. He later purchased Sharon and Ankur’s after auction for $4.2 million.
Adrian headed to The Block auction again in 2023 and snapped up Steph and Gian, Eliza and Liberty and Kyle and Lesley’s houses for a grand total of more than $12 million.
Here’s hoping Adrian will rock up to The Block auction again this year!
The Block airs on Sundays at 7pm and Mon – Wednesday at 7:30pm on Channel 9 and 9Now.
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