Incomes soar in Sydney's best-paid postcode - Sydney Morning Herald - Sydney Morning Herald

Wealthy suburb: Darling Point.

Incomes in Australia's best-paid postcode – Sydney's Darling Point area – rose by more than $21,000 in 2010-11, the latest Tax Office figures show.

Those living in the harbourside postcode of 2027, which takes in Darling Point, Edgecliff, Rushcutters Bay and Point Piper, took home an average of $203,270 each in 2010-11, up 12 per cent compared with the previous year.

The average taxable income in that postcode area was nearly four times higher than the national average of $51,342. The average male taxable income during 2011-12 was $63,000. The average female income was $42,150.

The Hunters Hill-Woolwich area (postcode 2110) was Sydney's second highest earning neighbourhood with an average taxable income of $172,530 in 2010-11, up 5 per cent in the year. Close behind was the Mosman (postcode 2088) with an average of $169,220, up 10 per cent.

Six of Australia's 10 highest earning postcode areas were in Sydney. Two were in Perth and two were in Melbourne.

Australia's second and third-highest earning postcodes are 3944 and 3142 taking in the town of Portsea on Victoria's Port Phillip Bay and Toorak and Melbourne. The average income for each was around $180,000. Perth's Cottesloe- Pepermint Grove area (postcode 6011) was had Australia's seventh highest average taxable income of $157,226.

WHERE SYDNEY'S HIGH EARNERS LIVE

Average taxable income by postcode 2010-11

1. Darling Point-Point Piper- Edgecliff (Postcode 2027): $203,270, up 12% from 2009-10

2. Hunters Hill-Woolwich (Postcode 2110): $172,530, up 5%

3. Mosman - Spit Junction (Postcode 2088): $169,220, up 10%

4. Vaucluse-Watsons Bay-Dover Heights- Rose Bay North (Postcode 2030): $166,400, up 7%

5. Bellevue Hill (Postcode 2023): $157,171, up 10%

6. Northbridge (Postcode 2063): $154,062, down 1%

7. Palm Beach, Mackerel Beach (Postcode 2108): $151,125, up 14%

8. Woollahra (Postcode 2025): $147,958, up 3%

9. Killara (Postcode 2071): $135,365, up 8%

10. Double Bay (Postcode 2028): $132,834, up 12%

Source: ATO

AUSTRALIA'S HIGHEST EARNING POSTCODES

Average taxable income by postcode 2010-11

1. Darling Point-Point Piper- Edgecliff, NSW (postcode 2027): $203,270, up 12% from 2009-10.

2. Portsea, Vic (postcode 3944): $180,001, up 19 %

3. Toorak- Hawksburn, Vic (postcode 3142): 179,037, up 8%

4. Hunters Hill-Woolwich, NSW (postcode 2110): $172,530, up 5%

5. Mosman - Spit Junction, NSW (postcode 2088): $169,220, up 10%

6. Vaucluse-Watsons Bay-Dover Heights- Rose Bay North, NSW (Postcode 2030): $166,400, up 7%

7. Cottesloe-Peppermint Grove, WA (postcode 6011): $162,134, up 3%

8. Bellevue Hill, NSW (postcode 2023) $157,171, up 10%

9. Nedlands-Crawley-Dalkeith, WA (postcode 6009): $154,285, up 9%

10. Northbridge, NSW (postcode 2063) $154,062, down 1%

Source: ATO