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Sydney’s wealthiest suburbs revealed

Have you ever wondered where Sydney’s richest people live?

Recent data from the Australian Taxation Office (ATO) has revealed Sydney’s highest-earning postcodes where average individual incomes easily fetch three zeros, the houses are bigger and the suburbs are more elite.

In fact, the data highlights the stark divide between the richest and poorest Sydneysiders with workers in the city’s richest postcodes earning more than 10 times the salary of our lowest-income earners (who have an average income as low as $10,000-20,000 per year).

The difference in salary between the richest (2028) and poorest (2387) postcodes in NSW two is a shocking $201,696 per year.

Here are the 7 postcodes that Sydney’s richest call home.

1. Double Bay (2028)

Average income: $202,598

Number of individuals: 3,572

The ritzy and exclusive harbourside suburb, full of upscale boutiques, popular cafes and took the crown not only as the richest postcode in Sydney but also in the whole of Australia.

Double Bay

Double Bay, which is also appropriately nicknamed ‘Double Pay’ has sweeping views across the water to Darling Point and Sydney Harbour Bridge and is home to some of Australia’s most affluent people.

2. Darling Point, Edgecliff, Rushcutters Bay, Point Piper (2027)

Average income: $198,813

Number of individuals: 6,052

With Point Piper’s Wolseley Road highly regarded as one of the most expensive streets in Sydney, where 100% of properties sell for over $1 million (and the record so far this year was a $40 million property sale), it’s unsurprising the 2027 postcode places second on Sydney’s rich list.

Sydney Darling Point

The area, which comprises Darling Point, Edgecliff, Rushcutters Bay and Point Piper, is another harbourside postcode where only the rich can afford to live.

3. Vaucluse, Dover Heights (2030)

Average income: $197,886

Number of individuals: 9,870

Dover Heights is an affluent neighbourhood that hugs the top of the cliffs overlooking the Tasman Sea, meanwhile, Vaucluse is known for being an incredibly affluent area with peninsular and harbour views unlike any other.

Sydney Vaucluse

The entire suburb is home to some of Sydney’s highest property prices and largest pay packets.

4. Woollahra (2025)

Average income: $183,418

Number of individuals: 5,252

The affluent suburb of Woollahra houses no shortage of lawyers, bankers, doctors and management consultants, all of whom earn more than double the average Australian wage.

Woollahra

The suburb also has some of the world’s elite streets and expensive houses to boot.

5. Bellevue Hill (2023)

Average income: $173,278

Number of Individuals: 7,404

Sydney Bellevue Hill

Bellevue Hill has consistently come up on top as one of Sydney’s richest postcodes, landing itself in the top five for the highest income earners for the past eight consecutive years.

The postcode is yet another prestigious harbourside neighbourhood that is full of sprawling estate homes and expensive cars.

6. Mosman, Spit Junction (2088)

Average income: $171,135

Number of Individuals: 20,304

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