Critics Slam $11M Luxury Homes as Missed Chance

Tools are officially down on The Block in Mt Eliza, as new photos show the luxury homes have been completed.

Exclusive images obtained by Daily Mail show the finished development in all its glory, as the multimillion-dollar houses now stand ready for their TV debut.

The sprawling designer residences feature swimming pools, high-end rooftop solar systems, landscaped gardens and expansive outdoor entertainment areas.

Aerial photos also show oversized timber decks at each home and dramatic contemporary architecture.

The near-identical homes appear to be clustered together in a compound not far from the coastline.

There also appears to be a larger, warehouse structure situated at the centre of the development.

Lush grass and greenery surround the properties, which cannot be mistaken for anything but premium housing. 

But while the luxury homes may have some people excited to watch the upcoming season, critics have called the reportedly $11million project a 'missed opportunity'. 

Housing advocates have said The Block now highlights the growing divide between Australia's luxury property market and the housing affordability crisis.

Greens Lead Candidate for Eastern Victoria, Mat Morgan, has argued the Mt Eliza site could have been used to help address housing shortages in the region.

'This is an absolute missed opportunity,' Morgan told Mornington Peninsula News.

'The Block and Nine could have been teaming up with the Victorian government and building affordable, public housing, right in this spot, right where it's needed.'

Morgan also pointed out that The Block's expansion into regional areas has highlighted the booming luxury home industry in Australia.  

'We're seeing more investment from huge property portfolio owners who are treating housing like an investment commodity, not as an essential right,' he said.

 Housing advocates have said The Block now highlights the growing divide between Australia's luxury property market and the housing affordability crisis