The 2026 season was filmed at 109 Old Mornington Road in Mount Eliza, where Nine has transformed a 1.35 hectare site into five luxury homes with views over Port Phillip Bay.
realestate.com.au reports that the network paid about $11 million for the site, with the finished homes expected to chase prices around the $5 million mark.
That is where the debate starts. PropTrack data cited by the publication put Mount Eliza's median house price at $1.65 million for the year to January 2026, meaning the homes could be aiming far above the typical local market.
Why Some Insiders Are Worried
One property insider told realestate.com.au the season risked becoming a major market misread, arguing that the builds looked more like Melbourne townhouses than the kind of Peninsula prestige homes buyers expect in Mount Eliza.
Buyer's advocate Madeleine Roberts also told the outlet that the tightly grouped layout could be a concern, noting that Mount Eliza is known for larger blocks and a more spacious suburban feel.
Those concerns come after The Block's Daylesford season, where unsold homes and later price resets showed how quickly TV hype can run into a tougher property market.
Not Everyone Is Panicking
Production sources have pushed back on the criticism, with realestate.com.au reporting that insiders believe the Mount Eliza houses are among the best homes the show has delivered.
Judge and agent Marty Fox has also praised the location, pointing to the ocean views as a major advantage heading into auction day.
Whether the Mount Eliza move pays off will not really be known until the bidders arrive. For now, The Block has a market storyline sitting right beside the renovation drama.
