Sydney’s ritzy Point Piper – which topped last year’s list but is now second – has residents earning an average taxable income of $176,396. Mosman, on the north shore, ranked third ($155,549) followed by Bellevue Hill ($154,005) and Palm Beach ($153,605).
New South Wales suburbs held seven of the top ten positions. Vaucluse (where residents earn an annual average of $144,271), Hunters Hill ($141,567) and Northbridge ($136,570) also appeared.
The only other Victorian suburb to rank in the top ten was Toorak, which ranked second last year but sixth in 2011. The state also accommodates the regional town of Hexham, which has the lowest earning residents (average $33,543).
Mosman Park in Western Australia was the only non-NSW or Victorian entry. With its residents earning an average $144,046 per annum, it came in eighth. In 2007-2008, according to the ATO, Mosman Park ranked ninth.
1. Portsea, Vic
2. Point Piper, NSW
3. Mosman, NSW
4. Bellevue Hill, NSW
5. Palm Beach, NSW
6. Toorak, Vic
7. Vaucluse, NSW
8. Mosman Park, WA
9. Hunters Hill, NSW
10. Northbridge, NSW
Source: ATO 2008-2009 statistics (released April 2011)