Incomes soar in Sydney’s best-paid postcode

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

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 compared with 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 taxable income during 2011-12 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 the 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 and Melbourne. The average income for each was around $180,000. Perth’s Cottesloe- Pepermint Grove area (postcode 6011) was had Australia’s seventh highest average taxable income of $157,226.

WHERE SYDNEY’S HIGH EARNERS LIVE

Average taxable income by postcode 2010-11

1. Darling Point-Point Piper- Edgecliff (Postcode 2027): $203,270, up 12% from 2009-10

2. Hunters Hill-Woolwich (Postcode 2110): $172,530, up 5%

3. Mosman – Spit Junction (Postcode 2088): $169,220, up 10%

4. Vaucluse-Watsons Bay-Dover Heights- Rose Bay North (Postcode 2030): $166,400, up 7%

5. Bellevue Hill (Postcode 2023): $157,171, up 10%

6. Northbridge (Postcode 2063): $154,062, down 1%

7. Palm Beach, Mackerel Beach (Postcode 2108): $151,125, up 14%

8. Woollahra (Postcode 2025): $147,958, up 3%

9. Killara (Postcode 2071): $135,365, up 8%

10. Double Bay (Postcode 2028): $132,834, up 12%

Source: ATO

AUSTRALIA’S HIGHEST EARNING POSTCODES

Average taxable income by postcode 2010-11

1. Darling Point-Point Piper- Edgecliff, NSW (postcode 2027): $203,270, up 12% from 2009-10.

2. Portsea, Vic (postcode 3944): $180,001, up 19 %

3. Toorak- Hawksburn, Vic (postcode 3142): 179,037, up 8%

4. Hunters Hill-Woolwich, NSW (postcode 2110): $172,530, up 5%

5. Mosman – Spit Junction, NSW (postcode 2088): $169,220, up 10%

6. Vaucluse-Watsons Bay-Dover Heights- Rose Bay North, NSW (Postcode 2030): $166,400, up 7%

7. Cottesloe-Peppermint Grove, WA (postcode 6011): $162,134, up 3%

8. Bellevue Hill, NSW (postcode 2023) $157,171, up 10%

9. Nedlands-Crawley-Dalkeith, WA (postcode 6009): $154,285, up 9%

10. Northbridge, NSW (postcode 2063) $154,062, down 1%

Source: ATO

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