6524.0.55.002 - Estimates of Personal Income for Small Areas, Time Series, 2003-04 to 2006-07  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 17/12/2009   
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December 17, 2009
Embargoed: 11.30 am (AEDT)
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)
1Woollahra (A) (NSW)
2Woollahra (A) (NSW)
2Mosman (A) (NSW)
3Hunters Hill (A) (NSW)
3Peppermint Grove (S) (WA)
4North Sydney (A) (NSW)
4Cottesloe (T) (WA)
5Ku-ring-gai (A) (NSW)
5Mosman Park (T) (WA)
6Leichhardt (A) (NSW)
6Stonnington (C) - Prahran (Vic.)
7Lane Cove (A) (NSW)
7Hunters Hill (A) (NSW)
8Willoughby (C) (NSW)
8Ascot (Qld)
9Manly (A) (NSW)
9Hamilton (Qld)
10Bayside (C) Brighton (Vic.)
10Nedlands (C) (WA)
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>.