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ATO Reveals the Top 10 Highest Paid Jobs of Australia
The Australian Tax Office has just released its data revealing Australia’s wealthiest suburbs and highest-earning professions, along with other financial details that may be of use to you.
The taxation statistics outlined below encompass the period between 2018-19.
Top ten Australian highest income earners
As you might expect, many of the highest-earning professionals are in the medical field, though this list also includes legal professions, management, finance and engineering. Surgeons, in particular, saw a hefty rise in their salary, accumulating an increase of $52,500 in the last ten years.
For reference, the average Australian earned $62,549 per annum.
Average salary: $394,303
Average salary: $386,065
Internal medicine specialist
Average salary: $304,752
Average salary: $275,984
Average salary: $235,558
Other medical practitioners
Average salary: $222,933
Judicial or other legal professionals
Average salary: $188,798
Average salary: $184,507
Chief executive officer or managing director
Average salary: $164,896
Average salary: $159,940
However, as was mentioned previously, this data is purely from the taxation statistics released by the ATO. Here’s a more comprehensive list that draws from third-party data to make well-informed insights.
15 Highest Paying Jobs in Australia: 2021 Edition (based on real data)
If you’re looking to transition into a role that is high-paying, stable and offers good job growth, check out this list of the top 15 highest paying jobs, along with some possible pathways to get you there.
Highest-earning postcodes in Australia
According to the ATO, here are the top ten richest postcodes in Australia, most residing in New South Wales, with Victoria coming in a close second. Conversely, the lowest-earning suburbs came from regional areas in New South Wales and Queensland.
Double bay, Sydney 2028
Hawksburn and Toorak, Melbourne 3142
Darling Point, Edgecliff and Point Piper, Sydney 2027
Dover Heights, Rose Bay North, Vaucluse and Watsons Bay, Sydney 2030
Woollahra, Sydney 2025
Cottesloe and Peppermint Grove, Western Australia 6011
Portsea, Victoria 3944
Bellevue Hill, Sydney 2023
Mosman, Sydney 3944
Northbridge, Sydney 2023
Other interesting takeaways
- The average superannuation account balance was $143,979
- 41.7% of Australians earn between $37,001-$90,000
- Only 3.5% of Australians earn $180,001 or more
- The average salary for Australians has increased from $61,451 during 2017-18 to $63,085 during 2018-19
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