ATO reveals Australia’s richest and poorest suburbs, highest earners and most charitable
AUSTRALIA’S richest and poorest suburbs, highest earners and most charitable regions have been revealed by the Australian Taxation Office. Where does yours rank?
AUSTRALIA’S richest and poorest suburbs, highest earners and most charitable regions have been revealed with the release of the Australian Taxation Office’s annual Taxation Statistics report for 2012-13.
The postcode with the highest average taxable income of $177,514 was 2027, which includes the Sydney suburbs of Darling Point, Edgecliff, HMAS Rushcutters and Point Piper.
The postcode with the lowest average income of $21,691 was 2403, taking in north-eastern NSW town of Delungra and surrounding suburbs Gragin and Myall Creek.
Surgeons again topped the list of highest earning occupations, with a mean income of $361,202. The ACT was named the most charitable region, with just over 100,000 people claiming $62,707,20, for an average donation of $261 per resident.
“Compiling Tax Stats is a significant undertaking each year,” ATO Second Commissioner Andrew Mills said in a statement.
“It adds to our picture of the Australian community, showing the spread of taxable income across the country, sources of income and data about business and work-related expenses.
“We make the data available for researchers and the broader community to improve the understanding of Australia’s taxation and superannuation systems and how they operate within the broader environment.”
The Taxation Statistics presents an overview of 2013 income tax returns for individuals, companies, superannuation funds, partnerships and trusts. It also covers other aspects of the tax system in relation to the 2013-14 financial year, including the GST, excise systems, fringe benefits tax, PAYG and the superannuation system.
TOP 10 NATIONAL POSTCODES FOR INCOME
1. Postcode: 2027
State: NSW
Suburb: Darling Point, Edgecliff, HMAS Rushcutters, Point Piper
Number of individuals: 5980
Average income: $177,514
2. Postcode: 3761
State: VIC
Suburb: St Andrews
Number of individuals: 655
Average income: $148,967
3. Postcode: 2023
State: NSW
Suburb: Bellevue Hill
Number of individuals: 6945
Average income: $143,112
4. Postcode: 6011
State: WA
Suburb: Cottesloe, Peppermint Grove
Number of individuals: 6610
Average income: $142,504
5. Postcode: 3142
State: VIC
Suburb: Hawksburn, Toorak
Number of individuals: 10,100
Average income: $142,000
6. Postcode: 2030
State: NSW
Suburb: Dover Heights, HMAS Watson, Rose Bay North, Vaucluse, Watsons Bay
Number of individuals: 9610
Average income: $139,099
7. Postcode: 3944
State: VIC
Suburb: Portsea
Number of individuals: 400
Average income: $138,800
8. Postcode: 2088
State: NSW
Suburb: Mosman, Spit Junction
Number of individuals: 19,200
Average income: $137,647
9. Postcode: 2110
State: NSW
Suburb: Hunters Hill, Woolwich
Number of individuals: 5880
Average income: $132,557
10. Postcode: 2063
State: NSW
Suburb: Northbridge
Number of individuals: 4180
Average income: $130,801
BOTTOM 10 NATIONAL POSTCODES
1. Postcode: 2403
State: NSW
Suburb: Delungra, Gragin, Myall Creek
Number of individuals: 350
Average income: $21,691
2. Postcode: 2359
State: NSW
Suburb: Aberdeen, Bakers Creek, Bundarra
Number of individuals: 375
Average income: $24,742
3. Postcode: 2361
State: NSW
Suburb: Ashford, Atholwood, Bonshaw, Limestone, Pindaroi
Number of individuals: 375
Average income: $25,431
4. Postcode: 2404
State: NSW
Suburb: Bangheet, Bingara, Gineroi, Keera, Dinoga, Elcombe, Upper Bingara, Pallal, Riverview
Number of individuals: 840
Average income: $27,013
5. Postcode: 2424
State: NSW
Suburb: Tiri, Cundle Flat, Cooplacurripa, Cells River, Caffreys Flat, Number One, Mount George, Knorrit Forest, Knorrit Flat
Number of individuals: 210
Average income: $27,537
6. Postcode: 4613
State: QLD
Suburb: Abbeywood, Melrose, Okeden, Proston, Speedwell, Boondooma, Brigooda, Coverty, Kinleymore, Stalworth
Number of individuals: 315
Average income: $27,547
7. Postcode: 3637
State: VIC
Suburb: Waaia, Yalca
Number of individuals: 290
Average income: $27,627
8. Postcode: 4626
State: QLD
Suburb: Beeron, Boynewood, Brovinia, Cattle Creek, Coonambula, Derri Derra, Dykehead, Glenrae, Gurgeena, Hawkwood, Monogorilby, Mundowran, Mundubbera, O’Bil Bil, Old Cooranga, Philpott, Riverleigh
Number of individuals: 1290
Average income: $27,891
9. Postcode: 2842
State: NSW
Suburb: Mollyan, Mendooran, Yarragrin
Number of individuals: 285
Average income: $28,110
10. Postcode: 2371
State: NSW
Suburb: Capoompeta, Deepwater, Emmaville, Rocky Creek, Stannum, Torrington, Wellington Vale, Yellow Dam
Number of individuals: 525
Average income: $28,252
TOP 10 OCCUPATIONS
1. Surgeons: $361,202
2. Anaesthetists: $319,033
3. Internal Medicine Specialists: $263,601
4. Financial Dealers: $219,213
5. Judicial and Other Legal Professionals: $192,189
6. Psychiatrists: $186,778
7. Mining Engineers: $166,410
8. Other Medical Practitioners: $166,025
9. Chief Executives and Managing Directors: $152,364
10. Generalist Medical Practitioners: $144,498
Source: ATO Taxation Statistics 2012-13
Super for housing sours among key voters
Australians might be priced out of the housing market, but they don’t want to see using superannuation as a solution, new research shows.
‘Vibe’: Uni students weigh in on foreign ban
Uni students have offered their unfiltered views on whether or not Australia should radically reduce the amount of foreign students allowed into the country.
Aussie towns immigrants refuse to live in
As Australia’s capitals burst at the seams, these towns are begging for more immigrants to fill well-paying jobs. But there’s a “Catch-22” — and it might surprise you.