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Australia’s richest suburbs revealed, including the suburb with an average salary of $132,252

Residents of ritzy Melbourne suburb Toorak are Australia’s highest wage earners, taking home an average estimated income of $132,252.

This was followed by the Sydney suburb of Double Bay-Bellevue Hill, colloquially known as “double pay” where residents recorded an average income of $129,116.

Figures published yesterday by the Australian Bureau of Statistics set out the average highest and lowest earning suburbs in each state for 2009-2010, revealing that residents of exclusive inner city suburbs are raking it in compared to the average Australian income of $48,530.

ABS director of the Rural and Regional National Statistics Centre, Lisa Conolly, said the figures – based on data from the Australian Taxation Office – provide a breakdown of information such as personal income by wage and salary, investment, superannuation and annuities.

“From a state and territory perspective, the Australian Capital Territory recorded the highest average total income of $58,034. This was followed by Western Australia on $53,397. New South Wales was ranked fourth”, said Conolly in a statement.

In Victoria, Toorak’s record income was followed by Brighton on $101,776, East Melbourne on $95,349, Albert Park on $91,871 and Armadale on $89,534.

The top earning suburbs in NSW, following Double Bay-Bellevue Hill, are Mosman on $126,956, Hunters Hill-Woolwich on $123,956 and Woollahra on $123,869.

In Queensland, the inner city suburb of Ascot recorded the highest average total income in Queensland on $90,945, followed closely by Hamilton $90,900, then Bulimba, Hawthorne and Bardon.

The top earning suburb in South Australia is Adelaide suburb North Adelaide on $75,574, Walkerville on $74,296, followed by Glenside-Beaumont, Roxby Downs and Unley-Parkside.

Perth’s beach side suburb of Cottesloe has the highest annual average income in Western Australia of $113,892, followed by Nedlands-Dalkeith-Crawley on $106,981, City Beach on $102,971 and Mosman Park-Peppermint Grove on $99,609.

In Tasmania, Sandy Bay, south of Hobart, has the highest average total income on $59,002, followed by Mount Nelson-Dynnyrne on $54,660, Taroona-Bonnet Hill on $51,476, South Hobart-Fern Tree on $51,129 and Hobart on $50,740.

In the Northern Territory, the three highest incomes were located outside of the Greater Darwin area with Anindilyakwa on $73,480, Nhulunbuy on $63,985 and East Arnhem on $63,955. These three regions were followed by the Darwin city suburbs of Stuart Park on $60,979 and Fannie Bay on $60,976.

The top earning suburbs in the Australian Capital Territory are Red Hill on $87,496, Forrest on $87,488, Griffith on $87 473, Deakin on $80,251 and Yarralumla $80,238.

Top 30 areas in Australia by income

Toorak

VIC

132,252

Double Bay - Bellevue Hill

NSW

129,116

Mosman

NSW

126,956

Hunters Hill - Woolwich

NSW

123,869

Woollahra

NSW

120,199

Dover Heights

NSW

115,387

Rose Bay - Vaucluse - Watsons Bay

NSW

115,148

Cottesloe

WA

113,892

Nedlands - Dalkeith - Crawley

WA

106,981

City Beach

WA

102,971

Willoughby - Castle Cove - Northbridge

NSW

102,791

Brighton (Vic.)

VIC

101,776

Paddington - Moore Park

NSW

100,337

Mosman Park - Peppermint Grove

WA

99,609

Balmain

NSW

98,734

Lindfield - Roseville

NSW

97,633

North Sydney - Lavender Bay

NSW

97,038

East Melbourne

VIC

95,349

Gordon - Killara

NSW

94,339

Albert Park

VIC

91,871

Ascot

WA

90,945

Hamilton (Qld)

QLD

90,900

Claremont (WA)

WA

90,534

Swanbourne - Mount Claremont

WA

90,517

Armadale

VIC

89,534

Cremorne - Cammeray

NSW

88,512

Terrey Hills - Duffys Forest

NSW

87,676

Red Hill (ACT)

ACT

87,496

Forrest

ACT

87,488

Griffith (ACT)

ACT

87,473

 

smartcompany.com.au

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Cara Waters

SmartCompany editor

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Cara Waters is the editor of SmartCompany. Previously, Cara was a senior reporter at the Financial Times website FT Adviser in London and she also worked for The Sunday Times in London.
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