Australia’s Highest-Earning Postcode Has An Average Income Of $325,000
— Updated on 4 August 2023

Australia’s Highest-Earning Postcode Has An Average Income Of $325,000

— Updated on 4 August 2023
Garry Lu
WORDS BY
Garry Lu

The Australian Taxation Office has once again published data outlining where the country’s wealthiest professionals cluster geographically. Surprise, surprise… the highest-earning postcodes in Australia are generally from Sydney. Particularly within the Eastern Suburbs.

But the throne is no longer occupied by a postcode that begins with 2-0, nor does it hail from Melbourne. In 2022, Australia’s highest-earning postcode is located just outside of Perth: 6011 — that’s Cottesloe and Peppermint Grove, in case you were wondering.

RELATED: How Much Money Do You Need To Be Considered Rich In Australia?

Taking the top spot on the ATO’s annual list by a healthy margin of around $120,000, the 6011 previously ranked 10th with an average taxable income of $167,090. Since then, however, the suburb(s) have almost doubled that figure.

According to The Sydney Morning Herald, Cottesloe and Peppermint Grove’s 5,200 residents have enjoyed a “modest” increase of approximately $459 million in their collective salaries. And during a bloody recession, no less.

How does this compare to the everyday punter? As per this year’s ATO roundup, the average taxable income was $62,549 – $73,218 for males; $51,382 for females – while the median taxable income was $47,492 – $55,829 for males; $40,547 for females. Which certainly is quite the difference from the 1%.

highest earning postcodes australia - point piper
Pictured: Point Piper boat shed valued at almost $40 million.

Anyway, here are the postcodes of Australia’s highest earners (by FY19/20 average taxable income).

The Highest-Earning Postcodes In Australia (2022)

  1. [6011] Cottesloe, Peppermint Grove WA – $325,343
  2. [2027] Darling Point, Edgecliff, Point Piper NSW – $205,957
  3. [2023] Bellevue Hill NSW – $195,204
  4. [2030] Dover Heights, Rose Bay North, Vaucluse, Watsons Bay NSW – $186,025
  5. [3142] Hawksburn, Toorak VIC – $184,939
  6. [2088] Mosman, Spit Junction NSW – $177,645
  7. [2110] Hunters Hill, Woolwich NSW – $175,907
  8. [2025] Woollahra NSW – $172,600
  9. [2063] Northbridge NSW – $170,619
  10. [2028] Double Bay NSW – $170,051

RELATED: What Is The Average Salary In Australia?

The Highest-Earning Jobs In Australia (2022)

In terms of the occupation breakdown – surgeons have taken the number one spot (average taxable income: $406,068), followed closely by anesthetists (average taxable income: $388,814), then internal medicine specialists (average taxable income: $310,848), financial dealers (average taxable income: $279,790), and rounding out the Top 5 are psychiatrists (average taxable income: $252,691). Medical money just hits different, I suppose.

highest earning jobs in australia - surgeon

Here’s what every other gig in the Top 10 ranked (by FY19/20 average taxable income).

  1. Surgeons – $406,068
  2. Anaesthetists – $388,814
  3. Internal Medicine Specialists – $310,848
  4. Financial Dealers – $279,790
  5. Psychiatrists – $252,691
  6. Other Medical Practitioners – $232,903
  7. Judicial or Other Legal Professionals – $189,538
  8. Mining Engineer – $188,083
  9. Engineering Manager – $161,514
  10. Financial Investment Advisor or Manager – $155,882

You can check out more data regarding Australia’s highest earners vis-a-vis postcodes and otherwise below.

Now that you’ve learned what it takes to be considered a baller in Australia, learn about what it takes to be considered in the top 1% around the world here.

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Garry Lu
WORDS by
After stretching his legs with companies such as The Motley Fool and the odd marketing agency, Garry joined Boss Hunting in 2019 as a fully-fledged Content Specialist. In 2021, he was promoted to News Editor. Garry proudly retains a blue belt in Brazilian Jiu-Jitsu, black bruises from Muay Thai, as well as a black belt in all things pop culture. Drop him a line at [email protected]

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