People living in Red Hill have Canberra’s highest average income, according to new information released by the Australian Bureau of Statistics on Tuesday.
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Residents of the leafy inner suburb had an average personal income of $94,070 in 2010-11, a figure which included money from salaries, investments, unincorporated business income and superannuation.
Toorak in Melbourne was the home of the wealthiest people in Australia, with an average total income of $150,548, followed by Mosman in NSW at $142,773.
The second greatest average income in the ACT was recorded in Griffith, at $94,064, followed by Forrest at $94,057, Yarralumla at $86,721 and Deakin at $86,718.
Residents of Gungahlin - East, a tiny statistical area with just 18 wage and salary earners, recorded the lowest average income within ACT borders, at $53,659 a year, while people living in coastal outpost Jervis Bay earned an average of just $40,344 in 2010-11.
The ACT recorded the greatest average income of all states and territories with $61,608 in 2010-11. Western Australia came in second at $58,291and the national average was $52,240.
Real Estate Institute of the ACT deputy president Stan Platis said the large blocks and homes available in the city’s inner south continued to attract well-heeled Canberrans.
‘‘[They’re] a lot larger than the standard dwelling that is getting built in Franklin or Bonner,’’ he said.
The inner south’s proximity to Civic and private schools also held appeal to high income earners, Mr Platis said, as did its closeness to Kingston.
‘‘Red Hill, Griffith and Forrest have been the prestige suburbs of Canberra for many many years...people who are well off want a large block of land, and if they want a large block of land and they want to live close in that’s where they’ve got to live,’’ he said.
According to the ABS, Crace recorded an average annual growth rate in income of 8.5 per cent, the highest in the ACT over 2005-06 to 2010-11.
‘‘Crace is a relatively new housing development region, on the inner northern fringe of Canberra," the ABS said.
"According to the ABS National Regional Profile, 83.8 per cent of Crace’s population in 2011 was of working age (15-64 years), considerably higher than the ACT level (71.4 per cent).
The median age of Crace’s resident population was 28.8 years, considerably younger than the territory median, 34.5 years, according to the ABS.
‘‘Other prominent SA2s [suburbs] were Greenway and Hall with average annual growth rates of 5.9 per cent and 5.8 per cent respectively over 2005-06 to 2010-11," it said.
