6524.0.55.002 - Estimates of Personal Income for Small Areas, Time Series, 2003-04 to 2006-07  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 17/12/2009   
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MEDIA RELEASE
December 17, 2009
Embargoed: 11.30 am (AEDT)
105/2009
Australians earned $500 billion in 06-07: ABS

Australians earned more than $500 billion in personal income in 2006-07, according to estimates released today by the Australian Bureau of Statistics (ABS).

Income from wages and salaries accounted for more than three quarters - or $392 billion - of the total.

Income from investments was the second largest income source, representing around one-tenth of personal income ($53 billion).

The third largest income source was from people who own unincorporated businesses, with earnings of $33 billion.

From 2003-04 to 2006-07 investment income grew at an average annual rate of 15.5%, while wages and salary income grew at an average of 7.4%.

Other findings include:
  • Wage and salary earners in the areas of Mosman, Woollahra and Hunter's Hill in Sydney had the highest average wage and salary incomes in Australia, at $106,397, $85,225 and $77,798 respectively.
  • The top two average own unincorporated business income regions were in the Perth areas of Peppermint Grove ($71,647) and Cottesloe ($69,795).
  • Outside of the capital cities, seven of the ten regions with the largest average investment incomes were in Queensland, with the largest in Main Beach-South Stradbroke in Queensland ($25,803).

Top ten average wage and salary incomes Top ten average investment incomes
1Mosman (A) (NSW)
$106,397
1Woollahra (A) (NSW)
$57,810
2Woollahra (A) (NSW)
$85,225
2Mosman (A) (NSW)
$42,049
3Hunters Hill (A) (NSW)
$77,798
3Peppermint Grove (S) (WA)
$41,010
4North Sydney (A) (NSW)
$72,939
4Cottesloe (T) (WA)
$40,144
5Ku-ring-gai (A) (NSW)
$71,371
5Mosman Park (T) (WA)
$39,586
6Leichhardt (A) (NSW)
$68,703
6Stonnington (C) - Prahran (Vic.)
$38,834
7Lane Cove (A) (NSW)
$67,777
7Hunters Hill (A) (NSW)
$33,865
8Willoughby (C) (NSW)
$67,687
8Ascot (Qld)
$32,691
9Manly (A) (NSW)
$66,365
9Hamilton (Qld)
$32,686
10Bayside (C) Brighton (Vic.)
$66,283
10Nedlands (C) (WA)
$32,366
Further detail is available in Estimates of Personal Income for Small Areas, Time Series, 2003-04 to 2006-07 (cat. no. 6524.0.55.002), available for free download from the ABS website <www.abs.gov.au>.