The 10 Australian suburbs with the longest driveways, greenest lawns, best views and nicest cars parked in the driveway.
Business Insider has calculated which Australian suburbs are rolling in it. The study pairs post codes with the individual income per taxable person in every household based on the 2011 census (the latest Australian census taken) to produce a list of Australia’s wealthiest suburbs.
The list of Australia’s rich hotspots is dominated by Sydney, Melbourne and Western Australia. While the well known blue-riband postcodes that are home to established money are well represented, such as Bellevue Hill, Mosman and Vaucluse in Sydney, and Toorak and Portsea in Melbourne, there were also a few new additions and surprises, including the wheat-belt town of Manmanning in Western Australia and a number of Perth’s outer suburbs.
1. Darling Point, Edgecliff and Point Piper, Sydney, New South Wales (pictured above)
Darling Point is the darling of the bunch and home to some of Australia’s most prominent people. Residents include Federal Communications Minister Malcolm Turnbull, Aussie Home Loans founder John Symond and Westfield boss Frank Lowy.
According to the ATO 5,795 taxpayers racked up a combined taxable income of $985.8 million in 2011-12, or an average annual income of $170,114 per annum,” said Business Insider’s report.
2.Toorak, Melbourne, Victoria
In second place is Toorak, Victoria located just five kilometres from the Melbourne CBD. Residents of the suburb scraped by on an average income of about $145,580 per person in 2011/12.
Television and radio personality Eddie McGuire and Lindsay Fox, the boss of transport company Linfox, both list Toorak as their address.
3. Mosman, Sydney, New South Wales
Mosman is home to not only Taronga Zoo but has beautiful views and boutique shops galore which is fantastic when you are one of the residents with an average 2011/12 income of $136,751 per person.
4. Hunters Hill, Sydney, New South Wales
Those from Hunter’s Hill stroll among tree-lined streets and Sydney-style sandstone heritage buildings while they earned more than about 90% of all Australians at an average of about $136,550 per taxable resident.
5. Vaucluse, Sydney, New South Wales
If you find yourself living in Vaucluse chances are you have spectacular harbour views and a 4-bedroomed home you paid about $3.2 million for. But that’s okay because, on average, your 2011/12 income was about $133,892.
6. Portsea, Melbourne, Victoria
If you are more inclined to while away your weekend sipping cocktails on your boat deck then Portsea would perk your interest. To be part of this comfortable lifestyle you would need about $133,605 dropped into your bank account every year.
7. Bellevue Hill, Sydney, New South Wales
But if you were hoping to bump into one of the Murdoch’s or Packer’s, you want to scout around Bellevue Hill in Sydney. Here there is an average income of about $130,000 per tax payer living in the suburb.
8. Cottesloe, Perth, Western Australia
Stunning sunsets and the annual Sculpture By the Sea exhibition is what you can look forward to in Cottesloe, Perth. You can also look forward to an annual income of about $128,252 per person.
9. Northbridge, Sydney, New South Wales
Just 10 kilometres from Sydney’s CBD is Northbridge, aptly named after the historic sandstone bridge. Here in 2011/12 the 4,065 residents are said to each have earned an average of $122,075 a year – putting them in the nation’s top 10% of earners.
10. Woollahra, Sydney, New South Wales
Woollahra is consulate capital. At least three consulates utilise Woollahra as their address. If you find yourself living in Australia’s tenth richest suburb you should check your bank account for an annual income of about $119,946.
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