Australia’s wealthiest taxpayers apparently like to live in the same area, typically by the harbour or the beach.
According to new data about the 2017-18 financial year released on Friday by the Australian Taxation Office, Sydney’s harbourside suburb Double Bay was home to the highest-earning Aussies, with the average taxable income at $242,428 per taxpayer.
Coming in second place were the suburbs of Darling Point, Edgecliff, Rushcutters Bay and Point Piper, with taxpayers here earning an average of $198,828.
Inner city Melbourne suburbs of Toorak and Hawksburn ($196,816) came in equal third place, followed by East Melburnians earning an average of $185,437 per taxpayer.
Perth’s beachside suburbs of Cottesloe and Peppermint Grove ($167,090) also made the top 10 list.
Australia’s highest earners
Former Prime Minister Malcolm Turnbull resides in Point Piper, and during his term copped the moniker ‘Mr Harbourside Mansion’.
Most of Australia’s recent prime ministers have come from wealthier electorates, with only Julia Gillard and Paul Keating hailing from lower-income electorates.
ATO data also revealed that anaesthetists generally were the nation’s highest-earners, with a median taxable income at $366,387, with surgeons not too far behind at $302,583.
Internal medicine specialists earn just over a quarter of a million dollars, while psychiatrists make $201,177 on average.
Mining engineers make $151,942, financiers make $147,034 and lawyers earn $102,192.
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