What are the richest suburbs in Sydney?

Sydney Property

Sydney wealthiest suburbs are a discussion at every BBQ. Well… in Sydney at least. Today we are looking at the richest suburbs in NSW. To gauge which suburbs are the wealthiest we have handpicked a number of major suburbs in metropolitan Sydney and regional NSW.

How do we measure the wealthiest suburbs?

To understand which suburbs re the richest we have used the earnings per week data. In this instance we have measured percentage of people earning over $3,000 per week compared to overall population of the suburb. This means that the higher the percentage of people earning over $3,000 the wealthier we believe the suburb becomes.

What is the richest suburb in Sydney?

We have handpicked a number of major suburbs, and out of all the suburbs we looked at Point Piper as a clear leader. This means Point Piper is by far the wealthiest suburb in Sydney and NSW. For example, Point Piper has over 49% of the population earning above $3,000 per week. This indicates to us majority of people in this suburb are high income earners.

Sydney, the harbor capital. Opera house stands beautiful next to the Botanic gardens.
Sydney, the harbour capital of Australia. Also the capital of most expensive property prices.

What is the poorest suburb in Sydney?

We have handpicked a number of major suburbs, and out of all the suburbs we looked at Blacktown as a clear underperformer. This means Blacktown is by far the poorest suburb in Sydney and NSW among the suburbs we picked. For example, Blacktown has under 3% of the population earning above $3,000 per week. This indicates to us majority of people in this suburbs are low income earners.

What is the list of the suburbs by wealth?

The suburbs listed by wealth are as follows:

  1. Point Piper the clear leader with 49.31% of people earning above $3,000. A wealthy and affluent suburb.
  2. Vaucluse is in the second place with over 37% of people earning above $3,000 per week. This is yet another example of a wealthy suburb.
  3. North Sydney is in third spot by wealth at 22% of people earning above $3,000 per week.
  4. Sydney is in the spot number 4. This indicates over 20% of people earning above $3,000 per week.
  5. Newcastle is in the surprising fifth. This is where over 20% of people earning above $3,000 per week. This might come as a surprise to many people, especially that Newcastle is ahead of Chatswood and Wollongong.
  6. Chatswood at number six with 18% of people earning above $3,000 per week.
  7. Wollongong at almost 9%.
  8. Orange at almost 7%.
  9. Katoomba at 6%
  10. Dubbo, Hurstville and Sutherland at 5.5%
  11. Richmond, Parramatta, Gosford and Penrith are just above 4% and below 5%.
  12. Bankstown at 3.3%
  13. Liverpool and Blacktown are below 3%.
Sydney wealthiest and Sydney poorest suburbs. THe image shows how some suburbs in Sydney are wealthy and rich. It also shows that other suburbs are poor.
Sydney wealthiest and Sydney poorest suburbs.

Methodology

To compare suburbs by wealth we have aimed to pick a suburb that is representative of a wider area. By this we mean a central hub within a wider area. For example, we believe that Penrith is a good example for overall West Sydney area. Liverpool is a representative of the South west and so on.

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