The majority of Australia’s highest earners reside in Sydney’s jap suburbs, new figures from the Australian Taxation Office affirm.
New statistics, based mostly on the greater than 15 million tax returns filed within the 2020-21 monetary yr, reveal the common taxable earnings in Double Bay was $266,381.
The postcode 2030 – encompassing Dover Heights, Rose Bay North, Vaucluse and Watsons Bay – got here in second, with a mean pre-tax earnings of $230,597.
An extra 5 Sydney postcodes additionally seem within the 10, whereas Perth suburbs Cottesloe and Peppermint Grove, are available third with a mean of $229,805; and Melbourne suburbs Hawksburn and Toorak ($222,967) and Portsea ($221,236) spherical out the record.
The ATO knowledge additionally revealed the ten postcodes with the bottom earners within the nation had been in smaller, regional areas in NSW and Queensland.
Six of the postcodes on the record of lowest taxable incomes had been in west Queensland, whereas the 4 NSW postcodes rounding out that record had been in north west NSW – all with a inhabitants of lower than 216 folks.
The tranche of knowledge launched by the ATO additionally reveals medical professionals are making probably the most cash of all Australians, with surgeons incomes a mean taxable earnings of greater than $457,000 in 2020-21.
Anaesthetists had been second on the record, incomes about $426,894.
Financial sellers got here in third, on common making $341,798 in 2020-21.
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On the opposite finish of the spectrum, meals and hospitality employees earned the least, with the common taxable earnings of quick meals or brief order cooks $21,622. Trekking guides had the bottom taxable earnings of $10,279.
The ATO’s knowledge suggests the common Australian who paid earnings tax in 2020-21 earned a taxable earnings of $68,298.
Men proceed to earn a better taxable earnings than ladies, and now have larger superannuation balances.
The median, middle-earning Australian, nonetheless, had an earnings of $50,980 in 2020-21.
The ATO knowledge additionally reveals that just about 2.3 million Australians declared rental earnings in 2020-21, with six per cent of landlords proudly owning three or extra properties.
Source: www.perthnow.com.au
