'You have people specifically moving to Canberra for often full-time employment, more professional-type jobs which tend to earn higher salaries.'.

Everyone in Australia is undoubtedly familiar with the mega-mansions of Toorak and Vaucluse, but what exactly are the top ten richest suburbs in Australia and how much are residents there earning? Sydney’s Double Bay in postcode 2028 took the the crown for the richest suburb with an average taxable income of $242,428 in the 2017-2018 financial year. All Rights Reserved. Where indicated, third parties have written and supplied the content and we are not responsible for it. Canberra, the home of more federal public servants than anywhere else in Australia, was next at $59,439. Australia's biggest share accommodation site. The average individual income for the year was $133,892.

Melbourne's inner-east ($45,498) came in at No. The suburb is located within the Division of Wentworth electorate, which is the wealthiest in Australia. Darwin, in the Northern Territory's tropical Top End, has the highest median salary of $60,132 for those living in a city.

Sydney city and inner-south (includes Botany, Marrickville, Sydenham): $46,734, 11. Picture: realestate.com.au. The comments below have not been moderated. Buyers are attracted to the suburb thanks to its close proximity to the Sydney CBD (under 5km), open space, incredible views, and ample amenities. And last but not least, Perth’s beautiful beachside suburbs of Cottesloe and Peppermint Grove at 6011 squeezed in at number 10, representing Western Australia with an average income of $167,090. The highest average taxable income was found in Sydney’s Double Bay (or ‘Double Pay’, as it is sometimes referred to) in postcode 2028, which recorded a whopping number of $242,428 in average annual income. $60m Vaucluse mega mansion at 38a Wentworth Road. Scroll down further for the full list. One of Sydney’s wealthiest suburbs, Bellevue Hill is home to some of the city’s most-impressive mansions including heritage, European-style, and modern properties. Darwin (includes Litchfield, Palmerston): $60,132, 2. Tamarama is situated in the middle of the Bondi to Bronte section of the famous coastal walk. Homes in Double Bay often sit on tree-lined streets.

Canberra, the home of more federal public servants than anywhere else in Australia, was next at $59,439 (Parliament House pictured). Most properties in Dover Heights have views over the harbour or the Tasman Sea – and this is reflected in the prices – it’s another one of Sydney’s most affluent suburbs.

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Ms Ell expected Melbourne's position to improve as Reserve Bank of Australia interest rate cuts stimulated more construction work. Moving up to Sydney’s harbourside suburbs in the Lower North Shore; postcode 2110 (Hunters Hill, Woolwich) ranks seventh, 2088 (Mosman, Spit Junction) eighth and 2063 (Northbridge) ninth. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline.

Sydney eastern suburbs (includes  Bondi, Maroubra, Point Piper and Little Bay): $49,663, 6. 7 while Melbourne didn't even make the top 10. Prefer us not to? Picture: realestate.com.au. Perth inner (includes Cottesloe, Claremont and the city): $53,570, 5. Rose Bay is very close to the harbour and the CBD. Along with the suburb of Hawksburn, Toorak makes up the postcode 3142, where the average resident earns $196,816 a year.

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