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Toorak records Australia's highest income
People living in the Melbourne suburb of Toorak recorded the highest average income in Australia in 2009-10, according to data released today by the Australian Bureau of Statistics (ABS).
ABS Director of the Rural and Regional National Statistics Centre, Lisa Conolly said the Estimates of Personal Income for Small Areas publication uses data from the Australian Taxation Office to provide a breakdown of information such as personal income by wage and salary, investment, superannuation and annuities.
"Victoria’s top five earning regions are in Melbourne with Toorak leading the way on $132,252, followed by Brighton on $101,776, East Melbourne on $95,349, Albert Park on $91,871 and Armadale on $89,534 per annum.
“Outside of Melbourne, the highest average total incomes are in the Geelong area of Newtown on $56,512 and Woodend in the Macedon Ranges with $50,960.
“Overall, the average total income for the state of Victoria is $47,623 which is lower than the national average of $48,530.
“Almost 29 per cent (or 121 in number) of Victoria's regions recorded average total incomes above the state level. Of this group, only 4 per cent per cent were located outside the greater Melbourne region.
“Other regions with high average total incomes were Torquay on $48,553, Geelong on $48,528 and Traralgon on $48,344.
“Nationally, the next highest average incomes are two Sydney regions with Double Bay on $129,116 and Mosman on $126,956.
“From a state and territory perspective, the Australian Capital Territory recorded the highest average total income of $58,034, followed by Western Australia on $53,397,” Ms Conolly said.
More details, including data for states, territories and smaller regions, can be found in Estimates of Personal Income for Small Areas, 2009-10 (cat. no. 6524.0.55.002) available for free from the ABS website <www.abs.gov.au>
Average Total Income from all sources (excl. Government pensions & allowances) ($ '000)
AVERAGE INCOME by Source - Greater Capital City Statistical Areas and Rest of State/Territory, 2009-10
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