New Australian Bureau of Statistics data shows Mosman south, Woollahra, Bellevue Hill and a fourth area covering Rose Bay, Vaucluse and Watsons Bay have the highest proportion of high income earners, with more than four per cent receiving a weekly income of at least $10,000.
Queensland has the best-performing economy in Australia, according to CommSec's latest State of the States report. The Sunshine State has been named the top-performing state economy, thanks to strong population growth, a solid job market and overseas demand for energy resources, such as coal and natural gas.
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.
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.
Perth is 'richest' city in Australia.
The cheapest major city for housing in Australia is Adelaide. Overall, it's 61.19% less expensive than in Sydney with rent being on average $1,338 cheaper a month.
Sydney, New South Wales.
New York City wears the crown as the world's top city with the most millionaires in 2023.
The postcode 6710, which covers a slice of North-Western Australia from the Pilbara town of Cane to the coastal town of Onslow, is officially Australia's richest, with residents earning a median wage of $2,000 a week, or $104,000 a year.
Melbourne has a youthful and hipster vibe; thus, it is easily one of the best places to live in Australia for young expats and digital nomads. The sprawling city has a picturesque riverside lined with hip bars and coffee shops where residents wind down after a long work day. Getting around is super easy, too.
Canberra is most likely the safest city in Australia, with a substantially lower crime rate. Because of its fascinating attractions, Canberra has been ranked as one of the foremost places to live in Australia for family immigrants. Canberra's cost of living is lower than its costly counterparts such as Melbourne.
According to the 2022 Knight Frank Wealth Report, the cities of New York, Tokyo and Paris have become the most popular places to live for billionaires. London and Los Angeles are next. The capital of Great Britain is also recognized as the best city for life and investment.
Sydney is the most populated and largest Australian city, followed by Melbourne, Brisbane, Perth, and Adelaide. Canberra is the eighth most populated and Darwin is the fifteenth most populated.
Australia's most liveable city is now also the friendliest in the world, according to a new report. Melbourne has been hailed for its kind inhabitants and inclusive culture, with the city taking top spot against its global peers, according to the Benchmarking Melbourne 2023 report released on Thursday.
“The friendliest city in Australia awards goes to Perth, thanks to its lively locals, engaging social scene and ease of access for first-time visitors. Perth is a wonderfully vibrant and social place to be. Expect to make new friends in every bar you go to.”