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What are the top-paid professions in Australia?

  • June 10 2021
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What are the top-paid professions in Australia?

By Maja Garaca Djurdjevic
June 10 2021

New data from the Australian Taxation Office has revealed the highest-paying professions, as well as Australia’s richest suburbs.

What are the top-paid professions in Australia?

What are the top-paid professions in Australia?

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  • June 10 2021
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New data from the Australian Taxation Office has revealed the highest-paying professions, as well as Australia’s richest suburbs.

What are the top-paid professions in Australia?

Based on 14.7 million tax returns for 2018-19, the ATO has revealed Australia’s top-earning professions and the country’s richest suburbs, with Sydney unsurprisingly snagging a majority of the top spots.

According to the ATO, Sydney’s Double Bay was Australia’s richest suburb, with average taxable income reaching $202,541.

In close second was Melbourne’s Hawksburn and Toorak, where the average taxable income stood at $201,926.

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Sydney’s postcode 2027, which includes Darling Point, Edgecliff, HMAS Rushcutters and Point Piper, boasted an average income of $199,842, while coastal 2030, home to Dover Heights, HMAS Watson, Rose Bay North, Vaucluse and Watson Bay, stood at $197,906.

Also featured in the top 10 were Sydney’s Bellevue Hill, Mosman and Northbridge.

Australia’s top 10 postcodes

Postcode     Suburb name  Individuals no.

Average taxable income or loss
$

2028

NSW

DOUBLE BAY

3,573

202,541

3142

VIC

HAWKSBURN, TOORAK

10,054

201,926

2027

NSW

DARLING POINT, EDGECLIFF, HMAS RUSHCUTTERS, POINT PIPER

6,051

199,842

2030

NSW

DOVER HEIGHTS, HMAS WATSON, ROSE BAY NORTH, VAUCLUSE, WATSONS BAY

9,869

197,906

2025

NSW

WOOLLAHRA

5,252

183,417

6011

WA

COTTESLOE, PEPPERMINT GROVE

6,484

179,403

3944

VIC

PORTSEA

456

175,356

2023

NSW

BELLEVUE HILL

7,404

173,287

2088

NSW

MOSMAN, SPIT JUNCTION

20,303

171,144

2063

NSW

NORTHBRIDGE

4,393

168,940


As for the top-earning professions, surgeons topped the ladder with an average taxable income of $394,303, followed by anaesthetist with $386,065 and internal medicine specialists at $304,752.

In fact, healthcare workers represented the majority of the top 10 highest-earning professions.

Financial dealers ranked fourth with average earnings of $275,984, followed by psychiatrists with $235,558.

Mining engineers also made the top 10, with average earnings of $184,507, as did chief executive officers or managing directors with earnings of $164,896.

Australia’s top 10 professions

 

Professions 

Individuals no.

Average taxable income or loss
$

2535 Surgeon

4,150

394,303

2532 Anaesthetist

3,412

386,065

2533 Internal medicine specialist

9,559

304,752

2222 Financial dealer

4,720

275,984

2534 Psychiatrist

3,001

235,558

2539 Other medical practitioners

28,404

222,933

2712 Judicial or other legal professionals

3,866

188,798

2336 Mining engineer

8,856

184,507

1111 Chief executive officer or managing director

190,386

164,896

1332 Engineering manager

25,578

159,940

What are the top-paid professions in Australia?
What are the top-paid professions in Australia?
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About the author

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Maja Garaca Djurdjevic is the editor of nestegg and Smart Property Investment. Email Maja at [email protected]

About the author

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Maja Garaca Djurdjevic

Maja Garaca Djurdjevic is the editor of nestegg and Smart Property Investment. Email Maja at [email protected]

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