Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Pedestrian.tv
Pedestrian.tv
National
Soaliha Iqbal

A Melb Guy Bought A $39M Penthouse Just To Use On Weekends Brb, Looking Up Squatters’ Rights

Every day my hunger for the rich grows more urgent and reckless, and I think I have finally found the first person I shall devour in the revolution: this Melbourne man who bought the fanciest penthouse on offer in the city, purely to entertain friends on weekends. My tummy rumbles in the night. Adrian Portelli, a multi-millionaire car collector and property developer you may have come across on TikTok
7News in the middle of a housing crisis
@adrian_portelli

Lambroo

♬ Drift – DILEX

“I’m very proud and blessed to be able to have the opportunity to take that title. I just grew up in the suburbs … a humble kid … and dreams do come true,” Adrian Portelli told 7NEWS.

“This definitely does [have the ‘wow’ factor],” he said.

adverse possession you are entitled to have your name entered on the land title if you have occupied a property as a squatter for 15 years

The post A Melb Guy Bought A $39M Penthouse Just To Use On Weekends & Brb, Looking Up Squatters’ Rights appeared first on PEDESTRIAN.TV .

, made headlines this week after he appeared on showing off his newly acquired apartment, which was going for a huge asking price of $39 million — making it the most expensive Melbourne apartment ever. When asked if he would be living in the La Trobe Street penthouse, he replied: “Probably not.” “I’m not a big city guy,” he told 7News. “It’ll be a good entertainment house on the weekends.” Imagine saying this out loud, , as if it’s a flex and not a symbol of how absolutely fucked the class divide in Australia has become. The penthouse will have a swimming pool installed which will overlook Melbourne’s skyline, a cinema, a cigar bar and potentially a bowling alley. Oh, and Portelli also plans to airlift a $3 million car via crane into the penthouse — located on the 57th floor — which will act as an “art piece” for his lounge room. He also said he was after a few penthouses, and wanted one with “that ‘wow’ factor”. Spoken like a truly humble man. In completely unrelated news, squatting has become a growing issue with wealthy house hoarders in Australia, after people realised you can lay claim to a property that isn’t legally yours if you manage to live in it for a number of years. In NSW, squatters can make a claim to a property if they’ve occupied it exclusively for 12 years (and meet certain requirements). This is called , and yes it would make that land/property yours. In Victoria, for those of you who are curious, (unless the land is owned by the government). Just thought you ‘oughta know.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.