The Victorian coastal hideaway of Portsea is Australia’s most taxed postcode, with $157,289 of average taxable income per resident reported in 2005-06.
Sydney still commands eight of the 10 most taxed postcodes in the country according to Australian Taxation Office statistics for 2005-06. The gated and leafy suburb of Toorak in inner Melbourne was the other exception alongside Portsea.
The top 10 Australian postcodes by taxable income are;
- Portsea (Vic) – $157,289.
- Darling Point/Edgecliff/Point Piper (NSW) – $146,253.
- Toorak (Vic) – $138,016.
- Mosman/Spit Junction (NSW) – $126,884.
- Hunters Hill/Woolwich (NSW) – $125,177.
- Bellevue Hill (NSW) – $123,664.
- Vaucluse/Watsons Bay/Rose Bay North/Dover Heights (NSW) – $123,261.
- Northbridge (NSW) – $114,151.
- Double Bay (NSW) – $112,074.
- Palm Beach (NSW) – $109,914.
The mining boom in Western Australia has been a boon for the taxman. The Perth suburbs of Cottesloe and Peppermint Grove are among the suburbs with average annual taxable incomes for individuals in excess of $100,000 for the first time.