The luxury homes that are near The Block – but cheaper

Key points

• The Block homes in Mount Eliza are priced between $3.6 million and $3.9 million, but similar luxury properties nearby are available for less.
• A five-bedroom home a minute's drive away is listed for $3.2 million to $3.5 million, featuring a tennis court and swimming pool.
• The housing market downturn and interest rate rises are making it tougher to sell high-end properties in the area.