The 118 premium suburbs that have become more affordable

Key points

• Dozens of Australia's premium suburbs have dropped out of the most expensive price bracket since September 2025, with 52 suburbs and 66 unit markets falling. Most were in Sydney and Melbourne, where citywide median prices fell 5% and 5.2% over the past 12 months.
• Realestate.com.au economist Megan Lieu said higher interest rates have limited borrowing capacity at the top end of the market.
• Meanwhile, several suburbs in Brisbane, Adelaide and Perth have moved into the top bracket after strong price growth, including Kuraby and Sunnybank in Brisbane.