Household disposable income is a measure of the amount of income available to households in the area. It varies depending on the jobs held by the residents, amount of property and business income, and cash benefits provided by government, which are related to the socio-economic status of the area.
Household disposable income is closely related to the Local GRP (residents), found on the Worker Productivity page. It is equal to Local GRP (residents), minus interest paid on debts (eg. household mortgages, credit cards), minus taxes, plus cash benefits paid by government, minus a balancing item for other payments. Areas with high unemployment, large numbers of retirees and others out of the workforce may have a high cash benefits component. This information gives an insight into both the sources of income and how much your residents have available to spend in the area.
This dataset should be viewed in conjunction with Worker Productivity and Household Expenditure data.
Payments made to employees , resident in the area.
Income derived directly from property ownership - eg. rent - by residents of the area, regardless of where the property is located.
Imputed income based on the value of property to owner-occupiers in the area.
Income derived directly from businesses to households located in the area, regardless of where the household is located.
Calculated as 9% of wages and salaries.
Payments made by government to individuals and households in the area, primarily through Centrelink, eg. pensions, family benefits, disability pensions, veterans pensions etc.
The total of income and other taxes levied on individuals.
The total interest paid on loans such as mortgages, credit card, car loans and business loans.
Includes miscellaneous other payments through the taxation system, and also a balancing item. The balancing item is required to ensure that the values add up to the control total for the state.
Household disposable income is part of the economic micro-simulation model by NIEIR. It is calculated using the following formula:
Local GRP (residents)- interest paid- taxes+ cash benefits- other payments
Sources used in the model include:
Please note that these modelled estimates are subject to change. Estimates are reviewed when more recent and robust data becomes available, particularly when new National or State Accounts data are released by the ABS, or new tax office income data are released. Most recent financial year estimates are based on a combination of factors including Centrelink and Labour Force Survey data, which is replaced by ATO income data when it becomes available. As a result of this, revisions to the most recent 6 quarters (18 months) of data should be anticipated by users, which could change the statistical outcomes.
Source: National Institute of Economic and Industry Research (NIEIR) ©2011
Please note that NIEIR modelled estimates are subject to change and review for the most recent two financial years.
Please refer to the data notes for more information.
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