The occupation with the highest average salary is a surgeon on $393,467.
Second highest are anaesthetists, followed by internal medicine specialists, and psychiatrists. Legal practitioners came in seventh on an average taxable income of $198,219. Chief executives and managing directors came in ninth. Surely, it’s worth pointing out that these salary statistics are the average taxable income of a particular occupation category – thus, any deductions or losses the individual is able to claim have already reduced the presented salary. It’s not the salary that someone would be paid, in addition to that, these figures also pick up a mixture of full time and part time workers.
Where do we make our money?
Salary and wages are obviously the biggest category of income for individuals averaging $58,827. It was $57,576 in the previous year. Once again, these figures represent taxable income, not the gross salary or wages someone earns.
We made over $42 billion in rental property income in 2015-16. Over 2 million people have an interest in a rental property, with almost 20,000 of those having six or more rental properties. Most however (1,494,837) have just one property interest. Net rental income has been fairly static over the last few years at -$3.6 billion (it was lowest in 2011-12 at -$7.9 billion before the Government reined in deductions).