Sydney’s eastern suburbs have raced to the top as the favoured place to live by Australia’s highest earning residents.

 

According to the latest report by the Australian Tax Office, residents of the premium suburbs of Darling Point, Edgecliff and Point Piper earned the highest mean income of $177,514 during 2012-13.

 

St Andrews, located 36 km northeast of Melbourne, came second with its 655 taxpayers earning a mean income of $148,967 during the same period.

 

Western Australia’s Cottesloe and Peppermint Grove came fourth with its residents making $142,504 on average.

 

While the top 10 postcodes for the highest income earners were dominated by New South Wales, the bottom 10 suburbs are also found in the state.

 

The report named Delungra, Gragin and Myall Creek as the country’s poorest areas where the residents earned a mean income of just $21,691 during 2012-13.

 

Residents of Queensland’s Abbeywood, Melrose and Okeden were also among the poorest, with a mean income of just $27,547.

 

Top 10        
Postcode State/

Territory

Suburb name Individuals

no.

Mean Taxable Income or loss

$

2027 NSW DARLING POINT, EDGECLIFF, HMAS RUSHCUTTERS, POINT PIPER 5,980 177,514
3761 VIC ST ANDREWS 655 148,967
2023 NSW BELLEVUE HILL 6,945 143,112
6011 WA COTTESLOE, PEPPERMINT GROVE 6,610 142,504
3142 VIC HAWKSBURN, TOORAK 10,100 142,000
2030 NSW DOVER HEIGHTS, HMAS WATSON, ROSE BAY NORTH, VAUCLUSE, WATSONS BAY 9,610 139,099
3944 VIC PORTSEA 400 138,800
2088 NSW MOSMAN, SPIT JUNCTION 19,200 137,647
2110 NSW HUNTERS HILL, WOOLWICH 5,880 132,557
2063 NSW NORTHBRIDGE 4,180 130,801
         
         
Bottom 10        
Postcode State/Territory Suburb name Individuals

no.

Mean Taxable Income or loss

$

2403 NSW DELUNGRA, GRAGIN, MYALL CREEK 350 21,691
2359 NSW ABERDEEN, BAKERS CREEK, BUNDARRA 375 24,742
2361 NSW ASHFORD, ATHOLWOOD, BONSHAW, LIMESTONE, PINDAROI 375 25,431
2404 NSW BANGHEET, BINGARA, GINEROI, KEERA, DINOGA, ELCOMBE, UPPER BINGARA, PALLAL, RIVERVIEW 840 27,013
2424 NSW TIRI, CUNDLE FLAT, COOPLACURRIPA, CELLS RIVER, CAFFREYS FLAT, NUMBER ONE, MOUNT GEORGE,  KNORRIT FOREST, KNORRIT FLAT 210 27,537
4613 QLD ABBEYWOOD, MELROSE, OKEDEN, PROSTON, SPEEDWELL, BOONDOOMA, BRIGOODA, COVERTY, KINLEYMORE, STALWORTH 315 27,547
3637 VIC WAAIA, YALCA 290 27,627
4626 QLD BEERON, BOYNEWOOD, BROVINIA, CATTLE CREEK, COONAMBULA, DERRI DERRA, DYKEHEAD, GLENRAE, GURGEENA, HAWKWOOD, MONOGORILBY, MUNDOWRAN, MUNDUBBERA, O'BIL BIL, OLD COORANGA, PHILPOTT, RIVERLEIGH 1,290 27,891
2842 NSW MOLLYAN, MENDOORAN, YARRAGRIN 285 28,110
2371 NSW CAPOOMPETA, DEEPWATER, EMMAVILLE, ROCKY CREEK, STANNUM, TORRINGTON, WELLINGTON VALE, YELLOW DAM 525 28,252
 

Source:

 https://www.ato.gov.au/About-ATO/Research-and-statistics/In-detail/Tax-statistics/Taxation-statistics-2012-13/