Australia’s Top Earning Suburbs Revealed
Beachfront villages and traditional high-wealth suburbs have dominated a list of Australia's ...
Beachfront villages and traditional high-wealth suburbs have dominated a list of Australia's top-earning postcodes, released by the Australian Taxation Office as part of its annual statistical report.
The statistics, which cover the 2008-09 tax year when the GFC was perhaps at its peak in Australia, show incomes falling in a number of ritzy postcodes in Melbourne and Sydney, although incomes surged in the Victorian seaside enclave of Portsea (where the mean income jumped 24% to $198,987) and the New South Wales millionaire's hideaway of Palm Beach (where incomes increased a whopping 36% to $153,605).
The message from this data is, the closer you are to the sea, the better off you are likely to be.