Woollahra Municipal CouncilEconomic profile
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Woollahra Municipal Council area

Sources of income

Households in Woollahra Municipal Council area have a higher amount of disposable income compared to New South Wales.

Household disposable income is a measure of the amount of income available to an average household 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. 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, Local workers income data, and Gross Regional Product data on the size of the residential economy.

National Economics (NIEIR) - Modelled series

Sources of income per household
Woollahra Municipal Council area2018/192013/14Change
Name$New South Wales $$New South Wales $2013/14 to 2018/19
Wages & salaries148,725.2590,038.86135,192.0786,838.45+13,533
Property income65,075.4720,881.1370,488.0621,620.99-5,413
Business income71,165.9918,482.4871,571.9518,778.47-406
Cash benefits7,684.7215,010.299,033.7317,589.42-1,349
Total income before tax314,270.26156,751.70307,081.18157,086.48+7,189
Tax paid-74,276.46-27,050.24-64,415.83-22,963.20-9,861
Interest paid-15,805.73-8,581.38-13,866.25-10,368.20-1,939
Other payments/statistical discrepancy44,243.3916,979.3142,553.1016,770.88+1,690
Total disposable income268,431.45138,199.39271,352.21140,625.97-2,921
Ratio of cash benefits to tax paid0.100.550.140.77--

Source: National Institute of Economic and Industry Research (NIEIR) ©2019. Compiled and presented in economy.id by .id , the population experts.

Data are based on a 2016-17 price base for all years. NIEIR-ID data are inflation adjusted each year to allow direct comparison, and annual data releases adjust previous years’ figures to a new base year.Learn more

Sources of income per household
Sources of income per household New South Wales, Cash benefits: 9.6% New South Wales, Superannuation: 7.9% New South Wales, Business income: 11.8% New South Wales, Property income: 13.3% New South Wales, Wages & salaries: 57.4% Woollahra Municipal Council area, Cash benefits: 2.4% Woollahra Municipal Council area, Superannuation: 6.9% Woollahra Municipal Council area, Business income: 22.6% Woollahra Municipal Council area, Property income: 20.7% Woollahra Municipal Council area, Wages & salaries: 47.3%
Source: National Institute of Economic and Industry Research (NIEIR) ©2019
Compiled and presented in economy.id by .id the population experts

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