Australia's richest suburbs and jobs revealed (2024)

FAQs

What is the wealthiest suburb in Australia? ›

Australia has plentiful supplies of natural resources, including the second largest accessible reserves of iron ore in the world, the fifth largest reserves of coal and significant gas resources.

According to the ATO's taxation data, postcode 2398 - Gurley - postcode 2386 - Burren Junction, Drildool and Nowley - and postcode 2405 - Boomi and Garah - made up the top three respectively.

The 6011 postcode, home to mining billionaire Andrew Forrest, benefitted from China's unquenchable appetitive for iron ore, which is used to make steel. Living in the neighbouring suburbs of Dalkeith is fellow billionaire club members Kerry Stokes and Gina Rinehart.

Loyola, Los Altos, California

Loyola, California, is the richest neighborhood in America. The average household income in Loyola is $326,069, with the median income a little lower at $246,563. The median listing price is $3,899,000. Loyola also borders Los Altos Hills, which is one of the richest towns in America.

Australians are the wealthiest people in the world with a typical net worth of almost $US274,000 in 2021, just ahead of Belgium, New Zealand and Hong Kong.

Australia is the fourth happiest country on the planet, making its lifestyle one of the most known and envied in terms of carefree living. No hectic pace from a big metropolis and a perfect balance between work, family, and leisure time.

Which state is rich in Australia? ›

Gold Coast is one of the cheapest places to live in Australia (89th globally). It is known for its high-standard education and academia and its budget-friendly living. International students will find the Gold Coast the perfect combination of study and social life, with its magnificent beaches and nightlife.

Wealthy Australians live throughout the country, although the wealthiest reside mostly in the larger cities. Sydney's harbourside suburbs are home to a fair few of them, as are the suburbs in Melbourne's inner east.

The NSW town of Gurley (postcode 2398) had Australia's lowest average taxable income or loss of -$23,484. It was closely followed by the NSW postcodes 2386 (Burren Junction, Drildool, Nowley) with an average taxable income or loss of -$17,794, and the postcode 2405 (Boomi, Garah) with -$14,763.

38A Wentworth Road, Vaucluse, NSW ($62.75 million)

In first place and officially the most expensive property of 2022 is 38A Wentworth Road in Vaucluse which sold for an inflation-busting $62.75 million.

Melbourne is considered by some to be the best city to live in Australia, and has even been ranked as the world's most livable city more than once. It's home to a thriving live music scene, late-night bars and laneways dotted with cafés and coffee shops.

Canberra is the happiest capital of Australia, according to research.

Beachside suburbs like Coogee and Bondi come out on top for liveability. Close enough to the city centre while existing in their own bubble, these coastal hotspots offer exquisite views and a space to breathe away from the commotion. For trendy inner-city living, try Paddington and Potts Point.

San Francisco, California

Houses are famously expensive – an obstacle for aspiring homeowners (opens in new tab). The average home price is a staggering $1.5 million in San Francisco, according to the Cost of Living Index, and the median home value is the highest among the 11 most expensive cities in the U.S.

What number is Australia in the safest country? ›

Australia is generally a very safe and welcoming place to live and study, consistently ranking among the safest countries in the world.

Varied landscapes

As well as the beautiful beaches, Australia is also home to snowy mountains, incredible national parks, rainforests and desert. The landscape truly differs from state to state, which is why this country is so fun to explore.

Australia's average wealth is just 1.8 times our median wealth; by contrast the UK's is 2.2 times greater, while the US is second worst out of the top 50, at 6.7 times. Russia is the most inequitable, with its average wealth 12.6 times that of the median wealth.

United States. The United States of America is a North American nation that is the world's most dominant economic and military power.

According to Numbeo, Australia ranks 14th for highest cost of living in the world. This places this warm nation higher on the list than the United States, United Kingdom and even Canada (at least when you exclude rent costs). If you do include rent costs, Australia drops down slightly to 15th.

The city of Perth has the best weather/climate in Australia. The city enjoys a temperate Mediterranean climate with hot and dry summers and mild but wet winters. Perth is also the sunniest capital city in Australia and is considered one of the hottest experiencing over 250+ days of sunny blue skies.

Medicare and the public hospital system provide free or low-cost access for all Australians to most of these health care services. Private health insurance gives you choice outside the public system. For private health care both in and out of hospital, you contribute towards the cost of your health care.

Latest quarterly CommSec data shows Victoria is the best performing economy in Australia, ending Tasmania's long run at the top.

Where do multi millionaires live? ›

New York, Tokyo and the San Francisco bay area are the places where the most millionaires live, according to a report by Henley & Partners Group, a residency advisory firm. Half of the top 10 cities with the most millionaires are in the United States.

The worst performing states are Tasmania, with incomes 26% below the national income and wealth average, as well as South Australia which is 19% below the average household income and 20% below the national net wealth.

Australia crime rates: Canberra

This city has one of the lowest crime rates in all of Australia. Canberra is also one of the safest cities globally, and the crime rate here is below the national average. According to data, the crime experienced by the city is very low.

In 2022, Forbes listed New York City with the most billionaires at 107 people, followed by Beijing with 83 billionaires, and Hong Kong in third place with 68 billionaires.

Most of Australia's 19 million people live near the coast, because the inner parts are made up of deserts. 80% of the country's population live in the south-eastern part of the country. Here you can also find the big cities like Sydney and Melbourne, or the capital Canberra.

What are the safest suburbs in Australia? ›

The threat. More than 80 per cent of Australians live within the coastal zone.

Australia's biggest private landowners, pastoralists Donny and Colleen Costello and their equity partner, former racing horse trainer Viv Oldfield, have extended their vast cattle station empire to more than 9.2 million hectares, after acquiring Mount Doreen Station in the Northern Territory for around $70 million.

Forbes' real-time data shows that 41 Australian billionaires have made the list of the world's richest billionaires.

Knight Frank Australia head of residential research Michelle Ciesielski said Byron Bay is the top global hotspot for the ultra-wealthy.

High wealth, high income

Western Australia is leading in terms of both income and wealth, with $133,224 and $952,500 respectively, which is well above the average household annual gross income of $107,276 and average household net worth of $809,900.

1. Melbourne: best for culture. Melbourne is widely regarded as the cultural capital of Australia (unless you ask Sydney siders) and it's no surprise that it held the title of the world's most livable city for 7 years in a row ranked by the Economist Intelligence Unit's global liveability index.

Which is the best place to live in Australia with a family? ›

Sydney Is Still Australia's Most Expensive Place To Live, but Melbourne and Brisbane Are Not Far Behind. Singapore and New York have tied for the title of world's most expensive city in this year's Worldwide Cost of Living report.

1. Adelaide. Adelaide is often described as Australia's most underrated and beautiful city, and it is not hard to see why once you have visited this gorgeous place. It is a cultural hub, home to an excellent dining culture, several museums and art galleries, as well as gorgeous scenery wherever you look.

The median Australian adult finished 2021 with a net worth of $US273,900, making them richer than the comparable resident of any other country, according to Credit Suisse's annual global wealth report.

Cold Coast

Gold Coast is one of the cheapest places to live in Australia (89th globally). It is known for its high-standard education and academia and its budget-friendly living.