Income and tax stats in Paddington (2021)

Income and tax statistics for Paddington (2021) are derived from the ATO's annual Taxation Statistics publication, which aggregates individual income tax return data at the postcode level. The data covers average taxable income, the proportion of residents with investment property income, capital gains declarations, and the share of high-income earners (those with taxable income above $180,000). Paddington is part of the City of Sydney LGA.

Average taxable income in Paddington is a useful but imperfect demand signal. It reflects who lives there now, not who will live there in five years. If the average taxable income has been rising faster than the City of Sydney LGA average over recent ATO releases, it may signal income-driven gentrification, with wealthier residents displacing lower-income ones, which has historically been associated with above-average capital growth in Sydney.

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