The least advantaged postcode in the state and second lowest nationally is the Newcastle area of Windale (postcode 2306). The country's lowest-ranked postcode (4713) is in central Queensland, a place called Woorabinda south-west of Rockhampton.
Mungallala Methodist Church was built in 1964. It has now closed. In 2016, the Australian Taxation Office listed Mungallala as having the lowest mean taxable income by postcode, making it the poorest town in Australia, which led the ABC to do a documentary on the town for their online "storyhunters" program.
What are the poorest suburbs in Australia? The lowest-earning suburb in Australia is Gurley in New South Wales, according to the ATO's latest figures.
The 6011 postcode, home to mining billionaire Andrew Forrest, benefitted from China's unquenchable appetitive for iron ore, which is used to make steel. Living in the neighbouring suburbs of Dalkeith is fellow billionaire club members Kerry Stokes and Gina Rinehart.
Six of the 10 most advantaged areas were in Sydney, with the 53,496 people living in Woollahra – in the city's eastern suburbs – topping the list.
No suburb in the country features a greater concentration of members of The List – Australia's Richest 250 than Toorak, where Melbourne's wealthiest families have gathered for decades. Think historic looking mansions guarded by large hedges set back from the street to ensure privacy.
Currently, the Australian capital city with the worst affordability is Hobart. While Sydney, Melbourne, Adelaide and the ACT all improved in affordability during the COVID-19 pandemic, they declined again in 2022.
Australia's GDP per capita is currently nearly 80 per cent of that of the US, having risen from around 75 per cent in the mid-1980s.
Woorabinda, west of Gladstone, was ranked the most disadvantaged LGA in the country, followed by Cherbourg, about an hour west of Gympie in the state's south. Yarrabah, Kowanyama, Wujal Wujal and Doomadgee, all in the state's north, were also ranked in the 10 most disadvantaged areas in Australia.
Our 2022 Poverty in Australia Snapshot found that there are 3.3 million people (13.4%) living below the poverty line of 50% of median income, including 761,000 children (16.6%). In dollar figures, the poverty line works out to $489 a week for a single adult and $1,027 a week for a couple with 2 children.
Australia is considered a wealthy nation with a market-based economy that has a comparatively high gross domestic product and per capita income. Its economy is driven by the service sector and the export of commodities. [Explore the top universities in Australia.]
Postal 2 is refused classification, which means it is illegal to sell or import the game in Australia.
With 126,900 millionaires, Sydney made it to number 10 with the report noting especially strong growth in wealth in the Harbour City over the past 20 years, making it Australia's wealthiest city.
Zip codes are divided geographically: New South Wales has the combinations between 1000 and 1999, 2000-2599 and 2619-2898, the Norfolk Island have the zip code: 2899, New South Wales from 2921 to 2999, the Australian Capital Territory 0200- 0299, 2600-2618 and 2900-2920, Victoria 3000-3999 and 8000-8999, Queensland ...
New South Wales: a diverse economy and high income
Among all the states and territories in Australia, New South Wales is considered the richest state. It has the largest economy, a diverse range of industries, and a higher-than-average income, which contribute to its status as the wealthiest state.
India has total wealth more than France, Canada, Australia and Italy while the US and China top the list of the wealthiest countries in the world, says a report by New World Wealth. India is world's sixth wealthiest country with total wealth of $8,230 billion, according to a report by New World Wealth.
Australia and Canada have similar levels of GDP per capita (based on purchasing power parity, nominal GDP per capita was around US$ 7 000 for Australia and US$ 9 000 for Canada in 008). Since 1990, Australia's growth in real GDP per capita has been a little higher than Canada's.
Tasmania was named the 'bogan capital of Australia' with Taswegians earning four spots in the final. On the island of Tasmania, half the population has literacy and/or numeracy difficulties, and the unemployment rate is higher than it is in mainland Australia.
The city with the lowest population density in Australia is Hobart, which has an average of 125 people per square kilometer. Measuring by states, the ACT has the highest population density (179 people / square km) and the Northern Territory has the lowest (0.2 people / square km).
Gina Rinehart
Gina Rinehart has kept the top spot on the rich list once again. The mining magnate has an estimated $37.1 billion. Her wealth derives from the privately owned mining company Hancock Prospecting, founded by her father Lang Hancock.
Gina Rinehart: $43.17 billion
With a net worth of an excruciating $43 billion, Rinehart is not only the richest woman in Australia - by a large margin - she is also the eighth-richest woman in the world and among the wealthiest humans alive.
Five of the country's top 10 richest towns are located in Western Australia, according to the latest census data, with Dampier taking the top spot with 22% of its residents earning more than $4,000 per week.