Aerial images reveal The Block luxury homes are complete... but critics say the $11million build is a 'missed opportunity' amid housing crisis

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.

Daily Mail has reached out to Nine for comment. 

It comes after The Block host Scott Cam delivered a grim assessment of Australia's housing crisis.

The presenter revealed his three adult children - Charlie, Bill and Sarah - are among the growing number of young Aussies struggling to break into the property market.

Cam, 63, said the path to home ownership is dramatically different from when he and wife Ann bought their first Sydney property more than three decades ago.

The couple purchased a terrace in Sydney's inner-city suburb of Zetland in 1994 for $200,000.

It was a purchase that helped them launch a property portfolio reportedly worth up to $25million.

But as their children attempt to buy homes of their own, Cam said the outlook could not be more bleak.

'It's really impossible from the beginning,' Cam recently told realestate.com.au. 'You can't buy anything now.'

The TV star revealed one of his sons had initially been pre-approved for a loan of $800,000 before his borrowing capacity was dramatically reduced. 

'The [Federal] Budget was supposed to help young people, but the bank re-established his loan to $510,000,' he said.

Cam explained his son had been hoping to purchase a property valued at just under $1million, but the revised lending figure had effectively derailed those plans.

'That's based on the negative gearing factor,' he added.

Cam said his children have faced 'far greater' challenges in the housing market than he did at their age.