Despite soaring interest rates and a cost-of-living crisis, there are just six suburbs in Australia where it is cheaper to buy a house today than it was in 2019.

Over the past five years house prices have generally been on an upward trajectory, despite a string of interest rate hikes from the Reserve Bank of Australia resulting in the highest cash rate in 12 years – 4.35 per cent. 

But new analysis by Domain shows there are only six suburbs – in Victoria and Western Australia – that have bucked the trend and become more affordable compared to 2019.