Residents of Peppermint Grove and Cottesloe in Perth’s affluent western suburbs reported a more than 80 per cent increase in their incomes in 2019-20, dislodging Sydney’s Double Bay and Melbourne’s Toorak as home to the nation’s highest earners.
Known as Perth’s “millionaire’s row”, Peppermint Grove had an average taxable income of $325,343 in 2019-20, up from sixth spot in 2018-19, at $179,376.
Loading...
Tom McIlroy is the Financial Review’s Canberra bureau chief based in the press gallery at Parliament House. He was previously the AFR’s political correspondent. Connect with Tom on Twitter. Email Tom at thomas.mcilroy@afr.com
Michael Read is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS. Connect with Michael on Twitter. Email Michael at michael.read@afr.com
