The Australian Taxation Office (ATO) has just released its statistics report for the 2015-16 financial year.
The report presents an overview of 16 million income tax returns for 13.5 million individuals, 940,000 companies, as well as superannuation funds, partnerships, and trusts.
The highest average taxable income of $192,500 was recorded in Sydney’s 2027 postcode which covers Darling Point, Edgecliff, HMAS Rushcutter, and Point Piper.
Melbourne’s 3142 postcode, covering Toorak and Hawksburn, was the second highest nationally with an average taxable income of $190,777
Here are the top 10:
New South Wales was home to the lowest earning area. Postcode 2387, covering Bulyeroi and Rowena in far North East NSW, had an average taxable income of around $12,000.
Victoria has five of the bottom 10 postcodes with 3482 recording the second lowest average incomes nationally.
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