|December 17, 2009|
Embargoed: 11.30 am (AEDT)
Australians earned $500 billion in 06-07: ABS
Australians earned more than $500 billion in personal income in 2006-07, according to estimates released today by the Australian Bureau of Statistics (ABS).
Income from wages and salaries accounted for more than three quarters - or $392 billion - of the total.
Income from investments was the second largest income source, representing around one-tenth of personal income ($53 billion).
The third largest income source was from people who own unincorporated businesses, with earnings of $33 billion.
From 2003-04 to 2006-07 investment income grew at an average annual rate of 15.5%, while wages and salary income grew at an average of 7.4%.
Other findings include:
- Wage and salary earners in the areas of Mosman, Woollahra and Hunter's Hill in Sydney had the highest average wage and salary incomes in Australia, at $106,397, $85,225 and $77,798 respectively.
- The top two average own unincorporated business income regions were in the Perth areas of Peppermint Grove ($71,647) and Cottesloe ($69,795).
- Outside of the capital cities, seven of the ten regions with the largest average investment incomes were in Queensland, with the largest in Main Beach-South Stradbroke in Queensland ($25,803).
|Top ten average wage and salary incomes ||Top ten average investment incomes|
|1||Mosman (A) (NSW)|
|1||Woollahra (A) (NSW)|
|2||Woollahra (A) (NSW)|
|2||Mosman (A) (NSW)|
|3||Hunters Hill (A) (NSW)|
|3||Peppermint Grove (S) (WA)|
|4||North Sydney (A) (NSW)|
|4||Cottesloe (T) (WA)|
|5||Ku-ring-gai (A) (NSW)|
|5||Mosman Park (T) (WA)|
|6||Leichhardt (A) (NSW)|
|6||Stonnington (C) - Prahran (Vic.)|
|7||Lane Cove (A) (NSW)|
|7||Hunters Hill (A) (NSW)|
|8||Willoughby (C) (NSW)|
|9||Manly (A) (NSW)|
|10||Bayside (C) Brighton (Vic.)|
|10||Nedlands (C) (WA)|
Further detail is available in Estimates of Personal Income for Small Areas, Time Series, 2003-04 to 2006-07
(cat. no. 6524.0.55.002), available for free download from the ABS website <www.abs.gov.au>.