1. 2028: Double Bay (NSW) And coming in at the top of the list is (surprise surprise) another suburb in Sydney's east: Double Bay. The suburb of 3352 taxpayers has an average taxable income of a whopping $266,381 – almost four times as much as the national average.
The latest data from the Australian Taxation Office (ATO) has revealed where Australia's highest-paid professionals reside, with one unlikely city taking the crown as home to the country's most affluent people thanks to a bumper income year: Perth.
No suburb in the country features a greater concentration of members of The List – Australia's Richest 250 than Toorak, where Melbourne's wealthiest families have gathered for decades. Think historic looking mansions guarded by large hedges set back from the street to ensure privacy.
Loyola, Los Altos, California
The richest neighborhood in America is Loyola, California. The average household income in Loyola is $326,069, with the median income a little lower at $246,563. The median listing price is $3,899,000. Loyola also borders Los Altos Hills, which is one of the richest towns in America.
New South Wales
New South Wales has the largest economy in Australia and contributes 30.8% of the national GDP.
More Coverage. The eye-watering wealth on display in the report is a stark difference to most Australians' perception of what it takes to be considered rich. The Finder survey which asked 1000 people what it took to be rich and found that earning $336,516 per year was the magic number.
1. Atherton, California. Unless you live in or near Silicon Valley, you may not know of the sleepy town of Atherton, California. Nearly equidistant from San Francisco and San Jose, this village of less than 7,500 residents is home to the wealthiest households in America.
VIDEO: New data reveals Victorian suburb fastest growing in Australia. Wyndham, in Melbourne's outer south-west, saw an increase in nearly 35,000 residents when compared to population data three years ago. More on: Wyndham Vale.
Mungallala Methodist Church was built in 1964. It has now closed. In 2016, the Australian Taxation Office listed Mungallala as having the lowest mean taxable income by postcode, making it the poorest town in Australia, which led the ABC to do a documentary on the town for their online "storyhunters" program.
It is a common story across Australia's top-tier neighbourhoods. From Toorak and Canterbury in Melbourne to Darling Point and Point Piper in Sydney, wealthy Chinese rank among the country's most prolific buyers of high-end real estate.
AFR Rich List 2023: The ten richest Australians for 2023, ranked. Gina Rinehart, Andrew 'Twiggy' Forrest, Anthony Pratt, Harry Triguboff, Clive Palmer, Mike Cannon-Brookes.
Hobart the least affordable city in Australia for renters, putting average income households into rental stress and hurting pensioners and young people.
Brisbane had the largest growth (up by 59,200 people), followed by Melbourne (55,000) and Sydney (37,300). Brisbane also had the highest growth rate (2.3%), followed by Perth (1.5%) and Adelaide (1.1%).
New York is the world's most popular place for the super rich to own a property, according to a new report by data firm Altrata. A total of 21,714 ultra-high-net-worth (UHNW) individuals — those worth over $30 million — own either a primary or secondary residence in the city, the study found.
New York City isn't just the city that never sleeps. It's also the most popular place in the country for the 'super-rich. ' A March report from data firm Altrata found that 21,714 ultra-high-net-worth individuals, or those worth over $30 million, own a primary or secondary residence in the city.
SEIFA summarises geographical areas on relative advantage or disadvantage. Woorabinda and Cherbourg have been ranked the most disadvantaged LGAs in Australia. Woollahra in Sydney's eastern suburbs is the nation's most advantaged area.
Median income
The national median weekly household income was $1,770. In line with personal income, the ACT had the highest median household income at $2,364, while Tas had the lowest median household income at $1,402. Median incomes in Capital City areas were larger than in Rest of State areas.
Queensland had the fastest growing population over the year to March 2022, followed by Western Australia and South Australia. Annual population growth in New South Wales and Victoria increased from the previous quarter, while growth in the Northern Territory was slow but positive.
1. Surgeon ($457,281) Surgeons were the top-paying job in the country, making an eye-watering $457,281 per year. There are 4,157 in Australia.