The all-important auction day on The Block shows both viewers and the contestants whether their blood, sweat and tears paid off – or not.
With the 2024 Block auction officially done and dusted, we covered everything that happened during the highly-anticipated finale.
What were the auction results on The Block 2024?
House 2 – Courtney & Grant:
First up were married couple Courtney and Grant whose home sold for $3.3 million!
The house was purchased by serial Block bidder Adrian Portelli.
The couple had a $1.95 million reserve, and walked away with $1.35 million in profit.
House 4 – Kylie & Brad:
Following on from such an impressive win was a daunting task for Kylie and Brad, but they had plenty of interest with multiple bidders going head-to-head over their property.
In the end it was Adrian Portelli who purchased their home, his second of the auction, for $2.6 million.
With their reserve also set to $1.95 million, Kylie and Brad walked away with $650,000 in winnings.
House 5 – Kristian & Mimi:
Following two major success stories, Adelaide newly-weds Kristian and Mimi kept the ball rolling, and had multiple bidders fighting it out for their property.
An unknown buyer’s agent purchased the home for $2.93 million against a reserve of $1.9 million, meaning they walked away with $1,030,000!
It turns out the unknown bidder was actually Adrian Portelli’s!
House 3 – Ricky & Haydn:
Adrian Portelli picked up yet another home on The Block, paying $2.7 million for Ricky and Haydn’s Phillip Island home.
Their reserve was set at $1.95 million, meaning they walked away with $750,000!
House 1 – Maddy & Charlotte:
House one’s Maddy and Charlotte were the final team to go to auction, and what a way to finish the 2024 season!
The Sydney sisters’ home sold for a whopping $3.5 million, to Adrian Portelli once again, meaning they made $1.55 million in profit.
They won the most amount this season so they also took home an extra $100,000 on top!
What is the auction order on The Block 2024?
The auction order was revealed during the finale and, as The Block fans know, it plays a vital role in the outcome.
Depending on buyer engagement and the market, some teams in previous years have benefitted from being positioned early on in the auction, and vice versa.
The official 2024 auction order was as follows:
- Courtney & Grant (House 2)
- Kylie & Brad (House 4)
- Kristian & Mimi (House 5)
- Ricky & Haydn (House 3)
- Maddy & Charlotte (House 1)
What are the reserve prices?
- House 1 – Maddy & Charlotte: $1.95 million
- House 2 – Courtney & Grant: $1.95 million
- House 3 – Ricky & Haydn: $1.95 million
- House 4 – Kylie & Brad: $1.95 million
- House 5 – Kristian & Mimi: $1.9 million
Who is bidding on The Block houses in 2024?
Veteran bidders Adrian Portelli and Danny Wallis both bid at the auction this year.
They also appeared on The Block earlier this season, attending the Domain Listings and Buyers Jury challenge in week nine. At the event, they both confirmed their interest in the houses, particularly Kristian and Mimi’s.
However, as the asking prices were lower than usual, there was speculation that more bidders may be present on auction day this year, adding some new competition. One such person is Tom Ormerod, who was set to shake things up.
But in the end, it was Adrian Portelli who purchased all five houses this year.
What are the price guides for The Block houses in 2024?
Domain released the price guides for the Phillip Island holiday homes back in August, and for the first time in many years, they are all under $2 million.
Here are the exact price guides for each house:
- House 1 – Maddy & Charlotte: $1.7 million to $1.85 million
- House 2 – Courtney & Grant: $1.7 million to $1.85 million
- House 3 – Ricky & Haydn: $1.7 million to $1.85 million
- House 4 – Kylie & Brad: $1.7 million to $1.85 million
- House 5 – Kristian & Mimi: $1.7 million to $1.85 million
The houses reside in the main town of Phillip Island, Cowes, where the median home value is around $762,500.
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