Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag Billionaire's Phillip Island home, bought for $3.3M, now listed for $1.7M–$1.85M.

flag The Block house on Phillip Island, bought by billionaire Adrian Portelli for $3.3 million in 2024, is now listed for $1.7 million to $1.85 million—about $1.5 million below his purchase price. flag The fully furnished, four-bedroom home, renovated by Courtney McInnes and Grant Freeman, features a pool, outdoor kitchen, and fire pit. flag Portelli later acquired all five 2024 season homes through his company LMCT+, but after a failed attempt to sell them as a compound, he gave them away in November, with the winner choosing cash. flag The current owner, who bought the property after the giveaway, has listed it with agent Camille Morris, who said pricing is difficult due to limited comparable sales. flag The home’s reduced value reflects broader challenges in selling The Block properties at expected prices.

4 Articles