Australia’s 10 richest postcodes are all located near a port and are home to some of our most prominent billionaires – but a smaller capital city makes a surprising appearance, official data shows.
The Australian Bureau of Statistics has ranked municipalities by income, education and employment to determine “socio-economic advantage”.
Sydney was home to six of Australia’s ten most privileged areas, three in Perth and one in Darwin, based on 2021 census data.
Woollahra, in Sydney’s eastern suburbs, was considered the most privileged local government area and its 53,496 residents rank among the best in Australia.
The exclusive Sydney Harbor Council territory includes Vaucluse and Point Piper – home to billionaire Atlassian Software co-founders Mike Cannon-Brookes and Scott Farquhar, billionaire former Prime Minister Malcolm Turnbull and Aussie Home Loans founder John Symond.
Woollahra, in Sydney’s eastern suburbs, was considered the most favored local government area. Sydney Harbor’s exclusive community includes Point Piper (pictured) – home to billionaire Atlassian co-founders Mike Cannon-Brookes and Scott Farquhar, billionaire former Prime Minister Malcolm Turnbull and Aussie Home Loans founder John Symond
Sydney was home to six of Australia’s top 10 most privileged areas, with three in Perth and one in Darwin, based on 2021 census data (shown is a map of local government area).
Mosman, across the harbor on Sydney’s lower north shore, finished second, hosting 28,329 people.
Ku-ring-gai Council – home to 124,076 residents on Sydney’s upper north shore, which stretches from Roseville to Wahroonga – took third place.
This was despite being further from the city and bordering Middle Harbor rather than Sydney Harbour.
The Darwin Waterfront Precinct, with a man-made wave pool next to Stokes Hill Wharf, took fourth place and is so exclusive that only 293 live in luxury apartments.
The rest of Greater Darwin was in the top 13 percent.
The upscale area of the Northern Territory capital surpasses North Sydney with 68,950 inhabitants, Waverley in Sydney’s east with 68,605 inhabitants and Lane Cove on Sydney’s lower north coast with 39,438 inhabitants.
Peppermint Grove on the Swan River in Perth, with its 1,597 residents, ranked eighth and was in the top 1 percent.
The neighboring Nedlands Council Area – where billionaires Gina Rinehart and Kerry Stokes own waterfront villas in Dalkeith – came in ninth place and is home to 22,132 people.
Cotteloe, where mining magnate Andrew Forrest owns a beachfront mansion, rounded out the top 10 with a population of 7,970.
The Darwin Waterfront Precinct (pictured), with a man-made wave pool next to Stokes Hill Wharf, took fourth place and is so exclusive that only 293 live in luxury apartments
The Liberal Party has only a federal electorate covering one of the most favored boroughs.
Opposition deal manager Paul Fletcher is the Bradfield member who overlaps with the Ku-ring-gai Council.
Eight of the top 10 council areas fell within a blue-green independent electorate, with Woollahra and Waverley in Wentworth, Mosman in Warringah, North Sydney and Lane Cove in North Sydney, and Peppermint Grove, Nedlands and Cottesloe in Curtin.
Despite representing some of Australia’s most adorable postcodes, Independent MPs Zali Steggall (Warringah), Kylea Tink (Northern Sydney) and Kate Chaney (Curtin) signed an open letter with the Australian Council of Social Service this week asking for a top-up for JobSeeker, now at $693.10 for a single unemployed person.
Labor holds the Solomon federal electorate covering the Darwin Waterfront Precinct.
Cotteloe, where mining magnate Andrew Forrest owns a beachfront mansion, rounded out the top 10 with a population of 7,970
The ABS ranks local government areas in deciles, with certain boroughs of Sydney, Perth, Melbourne and Adelaide and Canberra falling into the top 10 per cent for their socio-economic advantage.
Melbourne’s wealthiest councilman, Stonnington, covering Toorak in the city’s inner east, was in the top two percent and falls within the federal labor seat of Higgins.
The Victorian capital’s wealthiest municipal areas also included Melbourne, Monash, Bayside, Banyule, Whitehorse, Manningham, Nilumbik, Yarra, Glen Eira and Port Phillip, as well as the coastal areas of Queenscliffe and the Surf Coast.
Sydney’s senior councils also included the Northern Beaches, Hunters Hills, Willoughby, Hornsby, Inner West, Parramatta, Canada Bay, Ryde, Strathfield, Sutherland, Sydney and the Hills Shire.
In regional New South Wales, the Yass Valley fell into this category.
Adelaide’s Burnside Council in the foothills of the Adelaide Hills, Adelaide Hills and Mitcham, Unley and Walkerville near the city had the advantage in the top flight.
Likewise the Australian Capital Territory which included Canberra and the Perth Councils of East Fremantle, Cambridge, Claremont, Melville, Mosman Park, Perth, South Perth and Subiaco.
Brisbane, a large Super Council area covering most of the city and the outer suburbs, was in the top 11 percent.
Noosa, on Queensland’s Sunshine Coast, was in the top 19 percent of local government areas, while Gympie, 43 miles inland, was in the 15 percent of the most deprived local government areas.
Australia’s richest local councils
1. WOLLAHRA In Sydney’s east of 53,496 in the blue-green independent federal constituency of Wentworth
2. MOSMANN on Sydney’s lower north coast with 28,329 people in the blue-green independent federal constituency of Warringah
3. KU-RING-GAI on Sydney’s upper north shore with 124,076 people in Bradfield’s Liberal federal electorate
4. DARWIN WATERFRONT DISTRICT in Darwin with 293 people in the Solomon Labor constituency
5. NORTH SYDNEY on Sydney’s Lower North Shore with a population of 68,950 in the North Sydney blue-green independent federal electorate
6. WAVERLEY in east Sydney with a population of 68,605 in the blue-green independent federal constituency of Wentworth
7. LANE BAY on Sydney’s lower north coast with 39,438 people in the blue-green North Sydney independent federal electorate
8th. PEPPERMINT GROVE in west Perth with 1,597 people in the blue-green independent federal electorate Curtin
9. NETHERLANDS in west Perth with 22,132 people in the blue-green independent federal electorate of Curtin
10 COTTESLOE in west Perth with 7,970 people in the blue-green independent federal electorate Curtin