Household Income in Australia



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In November 2009, Hometrack, a residential property provider, showed that the median gross household income in some suburbs of the general Sydney area of New South Wales was:

  • $76,488 Liverpool
  • $83,677 Blacktown
  • $66,467 Parramatta

How relevant are Household Income figures ?

After reading a report from the ABS , where I saw the following figures, it made me stop and think..

  • 45.8% of LOW Income households own their own home without a mortgage.
  • 30.3% of MEDIUM Income households own their own home without a mortgage.
  • 26.9% of HIGH Income households own their own home without a mortgage.

The Mean disposable (net after tax) household income per week, shown in that report, for 2007-08, was:

  • $409 pw LOW Income households. (55.1% of these had a principal source of income of Government Pensions)
  • $692 pw MEDIUM Income households. (2.9% of these had a principal source of income of Government Pensions)
  • $1,646 pw HIGH Income households.

The largest group of Australian Households in 2007-08, had a composition of:

  • Couple with eldest child aged between 5 and 14
  • average of 2.2 children in the household
  • average of 1.6 employed people
  • 14% own their own home with no mortgage
  • 8% live on Government Pensions and allowances
  • $769 pw is the disposable (net after tax) household income.
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