But in particularly exclusive enclaves, buyers pay a multi-million dollar premium to secure the best real estate in town, with the data highlighting just how much home values can vary in certain suburbs.
The PropTrack analysis of home values by SA1 regions — small neighbourhoods made up of a handful of streets and typically home to a few hundred residents — has revealed each suburb's most affluent area, as well as where homebuyers might find pockets of affordability.