The Block: Josh and Luke Packham reveal they WON'T be splitting their prize money 


They were runners-up on The Block during Sunday’s finale, walking away with a profit of $530,000 after selling their property for a whopping $3.93million.

But Josh and Luke Packham have confirmed they won’t be splitting the money in half, and will instead use it to start a new business venture together.

Luke confirmed the twins, 27, will combine their funds and create a business to distribute synthetic grass products across Australia. 

Sensible: Josh and Luke Packham have confirmed they won't be splitting their $530,000 Block winnings in half, and will instead use it to start a new business venture together

Sensible: Josh and Luke Packham have confirmed they won’t be splitting their $530,000 Block winnings in half, and will instead use it to start a new business venture together

‘We’re not going to split the money; we’re going to keep it together,’ Luke told Daily Mail Australia on Monday.

‘I’ve been in the synthetic grass industry for nearly ten years, so I’m going to set up another business for… not the installation side of the business, but for the distribution.

‘I’ve got a few synthetic grass products that I want to distribute around Australia, so we’re going to use that money to bring it in from Europe and see how we go.’

Luke added of their second-place finish: ‘We were blown away. You never know what’s going to happen on auction day. You only can do your best and sit there and hope, so that’s what we did.

‘We had a target of $100,000 to help us move forward, so to come out with over $500,000 just blew us away.’ 

Celebration: Luke said of their second-place finish, 'We were blown away. You never know what's going to happen on auction day. You only can do your best and sit there and hope, so that's what we did'

Celebration: Luke said of their second-place finish, ‘We were blown away. You never know what’s going to happen on auction day. You only can do your best and sit there and hope, so that’s what we did’

The brothers said their family was ‘over the moon’ about the sale, with Josh adding: ‘There were tears flowing all around from everyone.

‘It really is life-changing, and Luke and I can go and achieve what we wanted with our business and have some money left over to invest.’

Mitch Edwards and Mark McKie were crowned the winners of The Block Fans v Faves on Sunday night.

Plan: Luke confirmed the twins, 27, will combine their funds and create a business to distribute synthetic grass products across Australia

Plan: Luke confirmed the twins, 27, will combine their funds and create a business to distribute synthetic grass products across Australia

The Sydney couple made the largest sum over reserve of all five Block houses at Bronte Court at auction, selling their home for $4,044,444 with a profit of $644,444.

Mitch, 59, and Mark, 60, also took home an additional $100,000, taking their total prize money to $744,444, with the stylish pair understandably in complete shock.

Coming in second at auction was Josh and Luke Packham, selling their property for $3,930,000 with a $530,000.00 profit.

The former Love Island Australia stars created a modern a four-bedroom, three-bathroom property with one of the biggest draw cards being the master bedroom and outdoor bathtub.

Congratulations! Mitch Edwards (left) and Mark McKie (right) were crowned the winners of The Block Fans v Faves for 2021 on Sunday night - taking home $744,444 in prize money

Congratulations! Mitch Edwards (left) and Mark McKie (right) were crowned the winners of The Block Fans v Faves for 2021 on Sunday night – taking home $744,444 in prize money

Tanya and Vito Guccione placed third with a profit of $400,000.01 after selling their home for $3,800,000.01.

Kirsty Lee Akers and Jesse Anderson finished fourth, selling their property for $4,401,523.67 with a $301,523.67 profit.

Placing last was Ronnie and Georgia Caceres, selling their property for $3,696,000.00 with a $296,000.00 profit.

Gutted: Placing last was Ronnie and Georgia Caceres, selling their property for $3,696,000.00 with a $296,000.00 profit

Gutted: Placing last was Ronnie and Georgia Caceres, selling their property for $3,696,000.00 with a $296,000.00 profit

THE BLOCK FANS v FAVES 2021 – AUCTION RESULTS 

Auction order:

House 1 – Ronnie and Georgia 

* Old reserve: $3.5 mil

* New reserve: $3.4 mil

* Sold for $3,696,000.00 with a $296,000.00 profit

House 2 – Mitch and Mark

* Old reserve: $3.5 mil

* New reserve: $3.4 mil

* Sold for $4,044,444.44 with a $644,444.44 profit + $100,000 prize money

House 3 – Tanya and Vito

* Old reserve: $3.5 mil 

* New reserve: $3.4 mil 

* Sold for $3,800,000.01 with a $400,000.01 profit

House 4 – Josh and Luke

* Old reserve: $3.5 mil

* New reserve: $3.4 mil

* Sold for $3,930,000.00 with a $530,000.00 profit

House 5 – Kirsty and Jesse

* Old reserve: $4.2 mil

* New reserve: $4.1 mil

* Sold for $4,401,523.67 with a $301,523.67 profit 

 

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