Tax office reveals Australia's richest suburbs and professions for 2020-21 trends now
Australians living in certain rich suburbs of Sydney, Melbourne and Perth could be considered poor by their wealthy neighbours if they earn less than $200,000 a year.
The Australian Taxation Office has revealed the most affluent postcodes and professions for 2020-21, based on individual earnings.
On the top 10 list of postcodes, eight of them had average taxable incomes of more than $200,000 based on salaries minus work expense claims - putting them among the top three per cent.
But to be among Australia's top one per cent of income earners, living in a rich suburb isn't enough.
Somebody needs to earn at least $377,553 a year, which means anyone earning an average income as a surgeon ($457,281) or an anaesthetist ($426,894) is automatically part of a very elite group.
Australians living in certain rich suburbs of Sydney (pictured), Melbourne and Perth could be considered 'poor' by wealthier neighbours if they earn less than $200,000 a year
Double Bay, in Sydney's eastern suburbs, was Australia's richest slice of harbour-front real estate with professionals there typically making $266,381 a year
Sydney was home to seven of the top 10 postcodes with Melbourne taking out two spots and mining-rich Perth having one place.
Double Bay, in Sydney's eastern suburbs, was Australia's richest slice of harbour-front real estate with professionals there typically making $266,381 a year.
On the edge of Sydney Harbour, Vaucluse and Dover Heights had an average income of $230,597, in a postcode that has been home to socialite Roxy Jacenko, media personalities Hamish Blake and Larry Emdur, and dead conwoman Melissa Caddick.
Perth came in at number three with those in Peppermint Grove on the Swan River and Cottesloe Beach making $229,805, in an area where mining billionaire Andrew Forrest is a local.
Perth came in at number three with those in Peppermint Grove on the Swan River and Cottesloe Beach (pictured) making $229,805, in a suburb where mining billionaire Andrew Forrest is a local
Toorak, in Melbourne's inner east, entered the list in fourth place with a typical income of $222,967 in an exclusive area where media personality Eddie McGuire lives.
Portsea, a one-hour drive from Melbourne on the
