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If VAUCLUSE's postcode is duplicated, and other places have same postal code number, you can use our postcode … 3. The second average highest earners, with an average taxable income of $198,828, live in postcode 2027, taking in Sydney harbourside suburbs Darling Point, Edgecliff, HMAS Rushcutters and Point Piper. The neighbouring postcode of 2027 which includes Darling Point, Edgecliff, HMAS Rushcutters and Point Piper came in second with an average of $198,828. Thank you for using us to search for the post code for HMAS WATSON. Real Estate Investing Advice & Strategies From Experts You Can Trust All you need to know about becoming rich by better managing your personal financesHow much, on average, does it cost to build a house?State by State Update on the Australian Property MarketsThis weekend's auction results - Strong clearance rates continue confirming our market strengthThis month's Australian Housing Market Update | PROPERTY INSIDERS VIDEOKnow your rights when you have a fence war with your neighboursMaking an offer on a property – What price should you offer?Here’s how to avoid these 12 common reasons property investors fail to build a Multi Million Dollar Property PortfolioPropertyUpdate.com.au is Australia's leading property investment wealth creation website with tips, advice and strategies from leading real estate investment experts. A new breakdown of figures reveal how many cases are in each postcode. Subscribe now, whether you're on an Apple or Android handset.Need help listening to Michael Yardney’s podcast from your phone or tablet?We have created easy to follow instructions for you whether you're on iPhone / iPad or an Android Postcodes Hmas Watson is a suburb of Sydney, New South Wales and is about 7 kms east-northeast of NSW's capital city of Sydney. The latest taxation statistics for 2017-18 are based on the tax returns of 14.3 million Australians.Seven of the nation’s average highest-earning postcodes are in NSW, while six of the lowest-earning postcodes are in Queensland.There were 73 Australians who earned more than $1 million in the 2017-18 financial year that did not pay a cent of income tax, More than 1.3 million of the nation’s 2.2 million landlords declared a net loss on their investment properties.Almost 1.8 million of those landlords had a mortgage on their property and were claiming interest deductions — that is about 80 per cent of property investors.Postcode 2028, Double Bay, had the highest average taxable income, at $242,428.The second average highest earners, with an average taxable income of $198,828, live in postcode 2027, taking in Sydney harbourside suburbs Darling Point, Edgecliff, HMAS Rushcutters and Point Piper.The third average highest, earning $196,816, reside in Melbourne’s postcode 3142, taking in Hawksburn and Toorak.The nation’s poorest income earners reside in mostly small towns in Queensland.Postcode 4732, which takes in Muttaburra and Tablederry in central-west Queensland, has the lowest average taxable income in the country at $14,681.This was followed by postcode 4426, including Jackson, Jackson North and Jackson South, with an average income of $19,396.And third lowest was NSW’s 2308 — the Newcastle University, Callaghan area — with an average income of $21,054.The 2017-18 statistics also cover average taxable income by occupation and state.Medical practitioners again dominated the highest earning occupations,Surgeons on average took home $402,582 in taxable income.Anaesthetists filled the second spot with an average income of $382,674, and internal medicine specialists came in third with an average income of $301,129.Financial dealers took fourth place with an average income of $272,895, while psychiatrists took fifth place with an average income of $225,206.The lowest-earning professions were dominated by hospitality, with farm work and baggage handlers also featuring.Fast-food cooks are the lowest earners (average income $18,608), followed by hospitality employees ($19,102), hospitality apprentices or trainees ($19,431), farmers ($20,089), farm, forestry or garden workers, apprentices or trainees ($20,686), and baggage handlers ($22,244).There were 14,907 Australians who declared a total income of more than $1 million in 2017-18.Combined, they reported $37.4 billion of income — an average of just over $2.5 million each — and collectively paid $15.9 billion in tax, a total tax rate around 42.5 per cent.However, out of that millionaire group, the data also show 73 paid no net tax in 2017-18.For 54 of those millionaire earners, that was because they had enough deductions to lower their taxable income below the tax-free threshold of $18,200.For whatever reason, one other million-dollar earner fell below the threshold but still paid $721 in tax that year.A further 19 people who earned more than $1 million that year declared taxable incomes above the tax-free threshold but still managed to avoid paying tax, presumably due to various offsets and rebates.The statistics suggest this is a generous group, at least in terms of donations and gifts that are tax deductible, which totalled just over $1.4 billion and made up almost three-quarters of the gap between total and taxable incomes.Negative gearing property does not seem to be a strategy favoured by this ultra-high earning group, with net rental losses of just $121.3 million claimed between them, and a modest rental profit of almost $20 million reported overall.The Australia Institute’s senior research fellow David Richardson said it wasn’t just millionaires getting away with tax minimisation.The data also shows that more than 2,000 people earning between $100,000 and $1 million per year succeeded in paying no income tax.“Australia’s tax system is shot full of expensive and inequitable loopholes,” Mr Richardson said.“A key principle of a fair tax system is that people with similar incomes should pay similar amounts of tax, but in Australia that principle seems to have been completely abandoned.“There are people on the minimum wage paying more tax than people with million-dollar incomes.”The average landlord reported just over $21,000 in rental income, with around $13,300 in interest payments, more than $3,400 in capital works and more than $10,100 in “other deductions”.The median, or typical, landlord received less rental income but also had a much smaller loan and other expense claim.Of the 1.3 million landlords reporting net losses, the average was $9,156 and the median was $5,670.Part of the difference between the median and average reflects the fact that the median landlord only holds one investment property, while the average is skewed higher by those who own two or more.Nowhere is the difference between the median, representing the typical person, and the average, skewed by the wealth, more apparent than in share investing.Of the just over 2.8 million people who declared they had received franked dividends, the median payment was just $557, while the average was more than 15 times higher at $8,743.Likewise for the tax credits associated with receiving franked dividends, which were typically worth $240, while the average was $3,634.This distinction between the median and average sharpened further when it comes to capital gains, or the profits from selling investment assets.Of the slightly more than three-quarters of a million taxpayers who reported a net capital gain in 2017-18, the median was just $2,290. ... HMAS Watson, Rose Bay North, Vaucluse and … Sydney's eastern suburbs dominated the top 10 richest suburbs list according to taxation statistics by the ATO. Toorak and Hawksburn in postcode 3142 was the third richest Australian postcode with an average taxable income of $196,816The central Queensland suburbs of Tablederry and Muttaburra (pictured) in postcode 4732 had the lowest average taxable income at just $14,681 Surgeons are the highest paid professionals in Australia with an average taxable income of $402,582.

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