Australia’s top 10 richest postcodes are revealed – and one city dominates the list

Australia’s top 10 richest postcodes have been revealed, with Sydney dominating the list.

Double Bay on Sydney Harbor – often nicknamed ‘Double Pay’ – was once again crowned Australia’s richest postcode with an average taxable income of $354,308 in the 2021-2022 financial year – or more than three times the average full-time salary of $98,218.

Sydney’s eastern suburbs had five places in the top 10 highest-earning postcodes, while the city’s lower north coast and northern beaches had a further two positions.

Melbourne had two places in the top ten, while Perth had one elite postcode, as Sydney took seven of the top 10 positions based on average salaries minus tax deductions for work and renting a home.

Cottesloe Beach in Perth, home to mining billionaire Andrew Forrest, was second on the list, with an average taxable income of $295,283.

Melbourne came fourth on the list, while inland Toorak had an average taxable income of $266,020, behind Darling Point and Point Piper’s $269,777 in Sydney’s east.

Bellevue Hill, in Sydney’s east, ranked fifth with an average taxable income of $245,728, ahead of nearby Dover Heights and Vaucluse on $239,974.

Portsea, on the edge of Melbourne’s Mornington Peninsula, ranked seventh with a taxable income of $221,867, and is home to trucking magnate Lindsay Fox.

Palm Beach, on the northern edge of Sydney’s Northern Beaches, ranked eighth with a taxable income of $216,262, the postcode best known for the Barrenjoey Lighthouse and the Home and Away set.

Hunters Hill, on Sydney’s lower north shore, was ninth with a taxable income of $215,456, while Woollahra, in Sydney’s east, rounded out the top 10 with an average income of $215,123.

When it came to the most lucrative professions, surgeons were the highest paid with an average taxable income of $460,356, followed by anesthesiologists at $431,193, financial dealers at $373,733, internal medicine specialists at $340,729, psychiatrists at $276,545, other physicians at $255,754. mining engineers at $214,365, judges at $204,934, CEOs at $197,720, and financial investment advisors at $185,834.

Cottesloe Beach in Perth, home to mining billionaire Andrew Forrest, was second on the list, with an average taxable income of $295,283

Melbourne came fourth on the list, while Toorak in the city’s east had an average taxable income of $266,020, behind Darling Point and Point Piper’s $269,777 in Sydney’s east.