Bourdieu's theory of capital can contribute to geographies of elites and the super-rich, as a lens through which spaces of consumption, such as the residential neighbourhood, can also be understood as spaces where capital is accumulated in its varied economic, social and cultural guises. In this paper, I examine how residents of highly affluent neighbourhoods produce and sustain the prestige or distinction of their neighbourhood, and how they appropriate it as their own cultural capital. Addressing this question empirically, I analyse qualitative data from interviews with 46 residents of three of Australia's most affluent neighbourhoods: Mosman (Sydney), Toorak (Melbourne) and Cottesloe (Perth). The analysis uncovers the practices-from consumption of luxury houses and cars to 'everyday conservatism'-through which distinction becomes spatially fixed in elite neighbourhoods, and appropriated by residents, however unevenly across lines of gender, age and other social differences. I argue that distinguishing between different phases of the cultural capital circuit-the performance, appropriation and operationalisation of distinction-can help address geographers' unease with matters of agency, social difference and spatiality in Bourdieu's theory of cultural capital.