Housing affordability lifts in some suburbs Share Affordability has improved in nearly half of Australia’s lower-price suburbs over the past 12 months because of record-low borrowing costs and even modest rises in household income, even as dwelling prices have soared. At the lower end of the country’s housing market, in suburbs where the median dwelling value was below the $598,884 February national median price, homes became even more affordable in 45.4 per cent of 2329 suburbs data provider CoreLogic analysed. Despite a record-breaking jump in home prices across the country, a surprisingly large number of already-affordable suburbs have become even more affordable.