ELYSE Knowles and Josh Barker have won The Block and it is all because of Dave Hughes.

The popular comedian bought the young couple's renovated five bedroom house in Elsternwick for a whopping $3.067 million.

The sell price was $447,000 over the pair's reserve of $2.62 million at 46A Regent Street giving

them the win and an extra $100,000 in prizemoney.

Theirs was the first house up for auction.

"Hughesy has changed our lives," Elyse said.

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Elyse Knowles and Josh Barker came out on top. Picture: Channel 9
Elyse Knowles and Josh Barker came out on top. Picture: Channel 9

"He's bought our home and so we are very grateful."

Hughes, who lives in St Kilda with wife Holly and the couple's three children, was at the auction and said it is an investment property rather than new family home.

"I'm really excited," Hughes said.

"It is a brilliant house in a brilliant spot. The value here is incredible I reckon. This house will stay in our family forever.

"Elyse and Josh did a great job. The quality of the build and the orientation and it is in a beautiful part of Elsternwick.

"I live around the corner and this is a wonderful family area."

Dave Hughes celebrates his purchase.
Dave Hughes celebrates his purchase.

The other teams weren't so lucky on what turned out to be a rollercoaster finale which took place on a Saturday when there was a record 1700 auctions across Melbourne.

Sarah and Jason, who were nearly kicked off the show, pocketed a very healthy $347,000 when

their house at 46E Regent Street, the second to be auctioned, sold for 3.007 million.

It was all downhill after that.

None of the other homes got near the $3 million mark.

Sticks and Wombat had to split a disappointing $130,000 when their house at 46B sold for $2.650 million.

Hannah and Clint got $95,000 above their reserve of $2.615 million for 46D.

The biggest drama of the day came when Ronnie and Georgia's house at 46C, the fourth to be auctioned, was passed in after failing to reach its reserve of $2.62 million.

It was later sold for $2.781 million giving the West Australian couple a profit of $161,000.

"It (the mixed results) is pretty hard to swallow," Josh said.

"It puts a bit of a dampener on the celebrations when not everyone is walking away with as much money as us.

"But we put all our energy into this house so it is absolutely unbelievable to walk away with $547,000 - we're mortgage free."

Hughes recently quit Channel Nine's The Footy Show to host his own show Hughesy, We Have A Problem at Channel 10.

A fortnight ago, Hughes revealed that he took a wage cut to give his radio co-host, Kate Langbroek, equal pay.

Hughes's Block purchase shows there is still plenty of money in the bank.

Hughes and Langbroek are moving to the drive slot on the Hit Network in 2018.

"I've had an interesting year, no doubt about it," Hughes said.

"It is good to keep fresh and I am really excited for the future."