Sunday 6 November 2022 10:07 PM The Block's serial bidder Danny Wallis admits he 'spent too much' on Omar and ... trends now

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For the third year in a row, quirky millionaire Danny Wallis purchased three of the properties at The Block's auction for a staggering $14 million.

The Melbourne-based IT entrepreneur was the only buyer at this year's auctions and purchased winner's Omar and Oz's property for a jaw-dropping $5.6 million after getting into a frenzied bidding war with their 'millionaire mate' Adrian Portelli - an online promotions guru with a net worth of $8million. 

Portelli -  who arrived at the auction in a flashy yellow Lamborghini and seemed to know Omar and Oz well - opened the bidding on House 5 at $4.5million, which was much higher than the $4.08million reserve price.

His aggressive bidding meant Wallis ended up paying an eye-watering $5,666,666.66 for the four-bedroom, 10-acre property, making the boys instant millionaires with total winnings of $1,686,666.66.

Danny reflected on his expensive purchases and said he believes he overpaid for Omar and Oz's property but got the other two for a bargain.