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    New South Wales

    The Australian Taxation Office (ATO) has released the annual Taxation Statistics report for the income year 2016–17. The report presents an overview of 16.5 million 2017 income tax returns for 13.9 million individuals, 970,000 companies, as well as super funds, partnerships and trusts.

    As part of this year’s tax stats release, we’ve also included data of individuals with private health insurance. Other parts of the taxation system are also covered in a user–friendly format including data on Goods and Services Tax, excise, Fringe Benefits Tax and the Pay As You Go system.

    The statistics cover areas such as average taxable income by occupation and state. The profession with the highest income was surgeons, with a national average taxable income of $394,866. Anaesthetists filled the second spot with an average income of $367,343 and internal medicine specialists came in third with an average income of $299,378.

    In New South Wales, the profession with the highest income was anaesthetist with an average taxable income of $335,501.

    Based on average taxable income (2016-17 Income year)
1. Surgeon, $394,866
2. Anaesthetist, $367,343
3. Internal medicine specialist, $299,378
4. Financial dealer, $261,008
5. Psychiatrist, $216,075
6. Other medical practitioner, $204,387
7. Judicial/ legal professionals, $195,703
8. Mining engineer, $167,345
9. CEO or managing director, $157,643
10. Engineering manager, $147,451

    Out of around 1,100 occupations recorded, there were 72 occupations where females had an average taxable income higher than males. This included authors, future traders, magistrates, professional surfers and illustrators.

    Based on average taxable income (2016-17 Income year)

1. Author
Females: $85,006 Males: $68,342

2. Futures Trader
Females: $315,197 Males: $303,466

3. Magistrates
Females: $262,152 Males: $255,177

4. Pro Surfer
Females: $76,614 Males: $48,367

5. Illustrator
Females: $62,245 Males: $58,304

    The highest average taxable income of $230,330 was recorded in Sydney’s 2108 postcode which covers Coasters Retreat, Currawong Beach, Great Mackerel Beach and Palm Beach. Melbourne’s 3142 postcode, covering Toorak and Hawksburn, was the second highest nationally with an average taxable income of $193,904.

    Based on average taxable income (2016-17 Income year)

In the Northern Territory, the highest taxable income of $83,343 was recorded in 885 postcode which covers Alyangula. 

In WA, the highest taxable income of $155,264 was recorded in 6011 postcode which covers Cottleslow and Peppermint Grove.

In SA, the highest taxable income of $93,871 was recorded in 5061 postcode which covers Hyde Park, Malvern, Unley, Unley bc, Unley Dc and Unley Park. 

In VIC, the highest taxable income of $193,904 was recorded in 3142 postcode which covers Hawksburn and Toorak. 

In TAS, the highest taxable income of $68,621 was recorded in 7258 postcode which covers Breadlbane, Relbia and White Hills.

In the ACT, the highest taxable income of $110,394 was recorded in 2603 postcode which covers Forrest, Griffith, Manuka and Red Hill.

In NSW, the highest taxable income of $230,330 was recorded in 2108 postcode which covers Coasters Retreat, Currawong Beach, Great Mackerel Beach and Palm Beach.

In QLD, the highest taxable income of $107,478 was recorded in 4007 postcode which covers Ascot, Hamilton and Hamilton Central.

    New South Wales was also home to the lowest earning area. Postcode 2308, covering Newcastle University and Callaghan, had an average taxable income of $20,589.

    Based on average taxable income (2016-17 Income year)

1. The highest taxable income of $80,694 was recorded in 2291 postcode which covers Merewether, Merewether Heights and the Junction. 

2. The second highest taxable income of $78,477 was recorded in 2300 postcode which covers The Hill, Cooks Hill, Bar Beach, Newcastle East and Newcastle. 

3. The third highest taxable income of $66,246 was recorded in 2305 postcode which covers New Lambton, New Lambton Heights and Kotara East.

4. The fourth highest taxable income of $65,253 was recorded in 2260 postcode which covers Forresters Beach, Erina Heights, Wamberal, Terrigal and North Avoca. 

5. The fifth highest taxable income of $65,016 was recorded in 2023 postcode which covers Hamilton East, Hamilton South, Hamilton and Hamilton DC.

    Based on average taxable income (2016-17 Income year)

1. The highest taxable income of $67,871 was recorded in 2835 postcode which covers Kulwin, Kerrigundi, Irymple, Cubba, Tindarey, Sandy Creek, Noona, Cobar, Canbelego and Bulla. 

2. The second highest taxable income of $57,779 was recorded in 2487 postcode which covers Casuarina, Chinderah, Cudgen, Duranbah, Fingal Head, Kings Forest, Kingscliff and Stotts Creek.

3. The third highest taxable income of $54,430 was recorded in 2479 postcode which covers Binna Burra, Bangalow, Corrabell, Fernleigh, Brooklet, Coopers Shoot, Nashua, Newrybar, Knockrow, Mcleods Shoot and Possum Creek.

4. The fourth highest taxable income of $53,840 was recorded in 2836 postcode which covers White Cliffs and Wilcannia. 

5. The fifth highest taxable income of $53,705 was recorded in 2481 postcode which covers Byron Bay, Broken Head, Tyagarah, Suffolk Park, Talofa, Skinners Shoot, Ewingsdale and Hayters Hill.

    Based on average taxable income (2016-17 Income year)

1. The highest taxable income of $71,410 was recorded in 2515 postcode which covers Thirroul, Wombarra, Coledale, Scarnorough, Austinmer and Clifton.

2. The second highest taxable income of $70,144 was recorded in 2748 postcode which covers Orchards Hills.

3. The third highest taxable income of $69,573 was recorded in 2585 postcode which covers Galong. 

4. The fourth highest taxable income of $69,438 was recorded in 2516 postcode which covers Bulli.  

5. The fifth highest taxable income of $69,117 was recorded in 2576 postcode which covers East Bowral, East Kangaloon, Glenquarry, Kangaloon, Bowral and Burradoo.

    Australia continues to be a charitable nation. In total, Australians reported donating $3.5 billion with an average gift size, for those who did donate, of $770. The most generous state was Western Australia, with 30% of residents claiming an average deduction of $1,190. Northern Territory residents recorded the lowest charitable donations, with 34% of residents claiming an average deduction of $405.

    In New South Wales, 33% of residents claimed an average donation of $856.

    For more information see Taxation statistics 2016–17.

    Last modified: 29 Mar 2019QC 58363