Want to know where Australia's biggest income earners live?
The latest taxation statistics for 2017-18 which are based on the tax returns of 14.3 million Australians tell us where they are.
Seven of the nation's average highest-earning postcodes are in NSW, while six of the lowest-earning postcodes are in Queensland.
Sydney's eastern suburbs dominated the list of Australia's areas with the highest taxable incomes, topped by Double Bay residents with $242,428.
Ten highest earning postcodes 2017-18
Postcode
Suburb
Average Taxable Income
NSW 2028
DOUBLE BAY
$242,428
NSW 2027
DARLING POINT, EDGECLIFF, HMAS RUSHCUTTERS, POINT PIPER
$198,828
VIC 3142
HAWKSBURN, TOORAK
$196,816
NSW 2023
BELLEVUE HILL
$193,440
VIC 3002
EAST MELBOURNE
$185,437
NSW 2030
DOVER HEIGHTS, HMAS WATSON, ROSE BAY NORTH, VAUCLUSE,
WATSONS BAY
$181,954
NSW 2110
HUNTERS HILL, WOOLWICH
$177,615
NSW 2088
MOSMAN, SPIT JUNCTION
$171,904
NSW 2063
NORTHBRIDGE
$169,142
WA 6011
COTTESLOE, PEPPERMINT GROVE
$167,090
Top income earning postcodes in NSW
Source: ATO and Sydney Morning Herald
Top income earning postcodes in Victoria
Source: ATO and Sydney Morning Herald
Ten lowest-earning postcodes
The nation's poorest income earners mostly reside in small towns in Queensland.
Postcode 4732, which takes in Muttaburra and Tablederry in central-west Queensland, has the lowest average taxable income in the country at $14,681.
And third-lowest was NSW's 2308 — the Newcastle University, Callaghan area — with an average income of $21,054.
Postcode
Suburb
Average Taxable Income
QLD 4732
TABLEDERRY, MUTTABURRA
$14,681
QLD 4426
JACKSON, JACKSON NORTH, JACKSON SOUTH
$19,396
NSW 2308
NEWCASTLE UNIVERSITY, CALLAGHAN
$21,054
QLD 4611
MONDURE, MARSHLANDS
$22,524
QLD 4467
MUNGALLALA, TYRCONNEL, REDFORD
$22,795
SA 5308
GALGA, MANTUNG, COPEVILLE, PERPONDA, MERCUNDA
$24,714
NSW 2387
BULYEROI, ROWENA
$25,623
VIC 3889
ERRINUNDRA, MANORINA, CLUB TERRACE, COMBIENBAR,
BEMM RIVER, CABBAGE TREE CREEK, BELLBIRD CREEK
$27,079
QLD 4612
KAWL KAWL, HIVESVILLE, KEYSLAND, STONELANDS, WIGTON
$27,617
QLD 4423
TEELBA, GLENMORGAN
$27,722
Are you wondering how you should invest in this interesting phase of the property cycle?
If you're like many property investors, you're probably wondering what's the right thing to do at present.
Should you buy, should you sell, or should you just wait?
You can trust the team at Metropole to provide you with direction , guidance , and results .
Whether you’re a beginner or an experienced investor, at times like we are currently experiencing you need an advisor who takes a holistic approach to your wealth creation and that’s exactly what you get from the multi-award-winning team at Metropole .
We help our clients grow, protect and pass on their wealth through a range of services including:
Strategic property advice – Allow us to build a Strategic Property Plan for you and your family. Planning is bringing the future into the present so you can do something about it now! Click here to learn more
Buyer’s agency – As Australia’s most trusted buyers’ agents we’ve been involved in over $4Billion worth of transactions creating wealth for our clients and we can do the same for you. Our on the ground teams in Melbourne, Sydney, and Brisbane bring you years of experience and perspective – that’s something money just can’t buy. We’ll help you find your next home or an investment-grade property. Click here to learn how we can help you .
Property Development - We enable you to become an “armchair developer” and get all the benefits of property development without getting your hands dirty. We take the hassles out of your investment by assisting you with all the expertise you need, from concept to completion, including construction. Click here to see if it’s the right way for you to grow your portfolio .
Wealth Advisory – We can provide you with strategic tailored financial planning and wealth advice. Click here to learn more about we can help you .
Property Management – Our stress-free property management services help you maximise your property returns. Click here to find out why our clients enjoy a vacancy rate considerably below the market average, our tenants stay an average of 3 years, and our properties lease 10 days faster than the market average.
About Brett Warren
Brett Warren is National Director of Metropole Properties and uses his two decades of property investment experience to advise clients how to grow, protect and pass on their wealth through strategic property advice.