News: Incomes Rising in Australia (source: www.smh.com.au)

Australia’s highest earners

Incomes in Australia’s best-paid postcode – Sydney’s Darling Point area – rose more than $21,000 in 2010-11, the latest Tax Office figures show.

Those living in the harbourside postcode of 2027, which takes in Darling Point, Edgecliff, Rushcutters Bay and Point Piper, took home an average of $203,270 each in 2010-11, up 12 per cent from the previous year.

The average taxable income in that postcode area was nearly four times higher than the national average of $51,342. The average male income during 2010-11 was $63,000. The average female income was $42,150.

The Hunters Hill-Woolwich area (postcode 2110) was Sydney’s second-highest-earning neighbourhood with an average taxable income of $172,530 in 2010-11, up 5 per cent in the year. Close behind was Mosman (postcode 2088) with an average of $169,220, up 10 per cent.

Six of Australia’s 10 highest earning postcode areas were in Sydney. Two were in Perth and two were in Melbourne.

Australia’s second- and third-highest-earning postcodes are 3944 and 3142, taking in the town of Portsea, on Victoria’s Port Phillip Bay, and Toorak in Melbourne. The average income for each was about $180,000.

Perth’s Cottesloe-Peppermint Grove area (postcode 6011) had Australia’s seventh-highest average taxable income of $157,226.