Australia’s richest and poorest postcodes revealed

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

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.

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