Higher income in central Ballarat

Higher income in central Ballarat

RESIDENTS living in the centre of Ballarat earn more than their outer suburban counterparts.A recent report found Ballarat central residents had a higher average income than those in the surrounding areas.As a whole, Ballarat's average income was greater than the regional Victorian average, but significantly less than Melbourne's.The Ballarat local government area recorded an average income of $37,568.Figures released yesterday by the Australian Bureau of Statistics showed, on average, Ballarat central residents earned $38,850 per year. People who hail from Ballarat south — which extends to Buninyong — earn the least amount at an average of $36,369.The data released was collated during the 2007-08 financial year.At the lower end of the scale, those who lived in Maryborough earned the third lowest average of the state, recording $28,064.The data accounts for income from wages and salaries, own unincorporated business, investment, and superannuation and annuities. It does not include government pensions and allowances.Ballarat north — which extends past Learmonth — and Ballarat inner north, recorded $37,718 and $37,088 respectively.Some Melbourne suburbs, such as Toorak and Prahan and Armadale, more than doubled Ballarat's average, recording above $82,000 per year.Melbourne's overall average was $46,187.Although Ballarat was significantly down on Melbourne, it was still higher than the regional Victorian average.The regional average was recorded at $36,556, more than $1000 lower than Ballarat.More detailed figures are expected to be released on October 6.They will breakdown the statistics into age, gender, occupation and various categories.AVERAGE INCOME FOR THE 2007/2008 FINANCIAL YEARBallarat Central: $38,850Ballarat South (extends to Buninyong): $36,359Ballarat North (Between Learmonth and Ascot): $36,718Ballarat Inner North (extends to Bald Hills): $37,088Victoria: $43,704Regional Victoria: $36,556Melbourne: $46,187Source: Australian Bureau of Statistics