Australians Earned $500 Billion In 06-07: Abs

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17th December 2009, 02:34pm - Views: 741





People Feature Australian Bureau Of Statistics 1 image


December 17, 2009

Embargoed 11.30 am AEDT

102/2009



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


1

Mosman (A) (NSW)

$106,397

1

Woollahra (A) (NSW)

$57,810

2

Woollahra (A) (NSW)

$85,225


2

Mosman (A) (NSW)

$42,049

3

Hunters Hill (A) (NSW)

$77,798


3

Peppermint Grove (S) (WA)

$41,010

4

North Sydney (A) (NSW)

$72,939


4

Cottesloe (T) (WA)

$40,144

5

Ku-ring-gai (A) (NSW)

$71,371


5

Mosman Park (T) (WA)

$39,586

6

Leichhardt (A) (NSW)

$68,703


6

Stonnington (C) - Prahran (Vic.)

$38,834

7

Lane Cove (A) (NSW)

$67,777


7

Hunters Hill (A) (NSW)

$33,865

8

Willoughby (C) (NSW)

$67,687


8

Ascot (Qld)

$32,691

9

Manly (A) (NSW)

$66,365


9

Hamilton (Qld)

$32,686

10

Bayside (C) Brighton (Vic.)

$66,283


10

Nedlands (C) (WA)

$32,366



Further detail is available in Estimates of Personal Income for Small Areas, Time Series, 2003-04 to 2006-07



Media note:

When reporting ABS data, the Australian Bureau of Statistics (or ABS) must be attributed as the

source.



FURTHER INFORMATION:


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Statistical Clarification 






Melanie Johns (08) 8237 7442







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