Western Australia is the top region by GDP per capita in Australia. As of 2021, GDP per capita in Western Australia was 135,479 $.
The richest Aussies live in Sydney, ATO data has found.
Double Bay took out the top spot, living up to its 'Double Pay' nickname, with residents of the 2028 postcode raking in an average annual income of $266,381.
Tasmania is once again the country's best performing economy, according to the CommSec State of the States report – a quarterly ranking of economic performance. But NSW is close behind. A strong job market, and relative strength in home loan demand and dwelling starts has kept Tasmania in the number one spot.
After maintaining the highest standard of community well-being for seven consecutive years, it comes as no surprise that the Australian Capital Territory (ACT) cemented itself as the best place to live in Australia.
South Australians have been found to be the most likely to consider other people's needs, according to the Helga's Kindness Index, a first-of-its-kind report examining the state of kindness in the country. Developed by McCrindle, the index surveyed 3,520 Australians nationally in June this year.
Sitting off the southeast coast of the mainland is Australia's littlest state and cheapest place to live, Tasmania. Its capital city Hobart boasts house prices around 25% lower than the country's average, and purchasers can bag property for 60% less than they would in cities such as Sydney or Melbourne.
California is home to the most billionaires — not just in the US, but in the world, according to Forbes. Los Angeles, in particular, is a hot spot. Some billionaires there have names that light up Hollywood marquees, like director Steven Spielberg.
by state U.S. 2020. In 2020, California had the highest number of millionaire households in the U.S., with 1.14 million households having one million or more in investible assets. This is nearly double the 650,216 millionaire households in Texas, the state with the second-highest number.
Brisbane had the largest growth (up by 59,200 people), followed by Melbourne (55,000) and Sydney (37,300). Brisbane also had the highest growth rate (2.3%), followed by Perth (1.5%) and Adelaide (1.1%).
Output Share by State. Queensland 19.4%, New South Wales 30.2%, Victoria 22.3%, South Australia 5.6%, Western Australia 17.5%, Tasmania 1.7%.
NSW is Australia's largest state economy, and it's a regional powerhouse with easy access to Asian markets. Additionally, the political and regulatory environment in NSW is extremely stable, making it an attractive place to do business.
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.
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. It's also predicted to reach the top 5 wealthiest cities in the world by 2040.
What is the most expensive house in the Australia? The most expensive house in Australia is the Scottish baronial mansion, Uig Lodge, which was sold for $130 million in 2022 in Sydney's Point Piper. It is one of the most luxurious houses in Australia.
N ew York is once again the most popular city for the ultra wealthy. This year, out of 2,640 billionaires on Forbes' World's Billionaires list, 101 have made New York City their primary residence–more than anywhere else in the world, per Forbes' research.
New York City
The Big Apple is home to 340,000 millionaires, 724 centi-millionaires, and 58 billionaires. It is the financial center of the USA and the wealthiest city in the world by several measures. It is also home to the world's two largest stock exchanges by market cap (the NYSE and the Nasdaq).
Forbes' real-time data shows that as of June 2023, there are 48 Australian billionaires on the list of the world's richest people.
Only Alaska, Delaware and West Virginia are still without a billionaire. Almost every state is now home to at least one billionaire as the collective wealth of America's richest has swollen to $1.5 trillion. Analysis by Forbes found that 47 out of all 50 states had a billionaire living there - up from 44 in 2019.
Sydney Is Still Australia's Most Expensive Place To Live, but Melbourne and Brisbane Are Not Far Behind. Singapore and New York have tied for the title of world's most expensive city in this year's Worldwide Cost of Living report. Perth seems to be the only Aussie capital bucking the trend.
For example, 25% of people living in Tasmania and South Australia are in the lowest 20% income group, while 23% of people in Western Australia and around 30% of people in the Territories are in the highest 20% income group.
Gold Coast is one of the cheapest places to live in Australia (89th globally). It is known for its high-standard education and academia and its budget-friendly living. International students will find the Gold Coast the perfect combination of study and social life, with its magnificent beaches and nightlife.