Blue chip bargains: The cheaper way to buy into premium suburbs

Suburbs with multimillion-dollar median house prices aren’t necessarily off-limits to buyers with smaller budgets.

Analysis of PropTrack data shows that even in some of the priciest suburbs in the nation, more affordable properties sell on the regular.

In these suburbs, buyers can save millions of dollars, providing they’re willing to make a major trade-off.

Many of Australia’s priciest suburbs have median unit prices that are a fraction of the cost of a typical house, representing a big saving for buyers who want to live in a premium postcode but don’t need a huge home on a big block of land.

The data examines the suburbs with the highest median house prices across Australia that still have median unit prices under $1 million.

It shows that there are dozens of suburbs where typical h