Toorak leads way on wages
RESIDENTS of Toorak are the nation's highest wage earners, raking in four times the income of Melbourne's poorest suburb, Doveton.
RESIDENTS of Toorak are the nation's highest wage earners, raking in four times the income of Melbourne's poorest suburb, Doveton.Data released on Wednesday by the Bureau of Statistics shows that Toorak residents earned an average estimated income of $132,252, making them the best paid in Victoria and Australia.The bureau's National Statistics Centre director Lisa Conolly said the new estimates of personal income had used 2010 data from the Australian Taxation Office to provide breakdowns of personal income by wage and salary, investment and superannuation."Victoria's top five earning regions are in Melbourne with Toorak leading the way, followed by Brighton on $101,776, East Melbourne on $95,349, Albert Park on $91,871 and Armadale on $89,534 per annum," she said.The lowest-earning suburbs in Melbourne were Doveton, where residents averaged just $33,014, Broadmeadows on $33,243, Meadow Heights on $34,260, Clayton on $34,738 and Noble Park on $35,104.Outside Melbourne, the data showed, the highest average total incomes were in the Geelong area of Newtown, where residents average $56,512.Woodend in the Macedon Ranges had average incomes of $50,960. Other regions with high average total incomes were Torquay on $48,553, Geelong on $48,528 and Traralgon on $48,344.Ms Conolly said the average income for Victoria was $47,623 - slightly lower than the national average of $48,530.Nationally, the next highest average incomes after Toorak were Sydney's Double Bay, on $129,116, and Mosman on $126,956. MELBOURNES TOP 10 EARNERSToorak $132,252Brighton $101,776East Melbourne $95,349Albert Park $91,871Armadale $89,534Kew $86,430Malvern/Glen Iris $85,344Surrey Hills/Canterbury $82,897South Yarra $81,799Hawthorn $80,851MELBOURNES LOWEST 10 EARNERSDoveton $33,014Broadmeadows $33,243Meadow Heights $43,260Clayton $34,738Noble Park $35,104Campbellfi eld/Coolaroo $35,266St Albans $35,565Dandenong $35,649Lalor $35,939Thomastown $36,501AND A TASTE OF THE REGIONSNewtown, Geelong $56,512Woodend $50,960Torquay $48,553Geelong $48,528Traralgon $48,344Ballarat $43,323Bendigo $41,646Castlemaine $36,760French Island $24,585(Victorias lowest average income)AVERAGE ANNUAL INCOME PER PERSON SOURCE: AUSTRALIAN BUREAU OF STATISTICS ESTIMATES OF PERSONAL INCOME FOR SMALL AREAS
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