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Geelong's Deduction Dilemma: Unpacking the Average Cost of Tax Deductions in Suburban Rankings
The average money claimed in tax deductions in the financial year. These deductions include, but are not limited to, deductions for work-related expenses and other deduction on the cost of managing taxes and gifts and donations.The average cost of deductions data can be useful for property investors and those looking to move as it provides insight into the financial habits of residents in different suburbs. For example, if a suburb has a high average cost of deductions, it may indicate that residents are more likely to have higher incomes and therefore may be more willing to pay higher prices for property. On the other hand, a suburb with a low average cost of deductions may indicate that residents have lower incomes and may be more price-sensitive when it comes to property. This data can also be useful for those looking to start a business in a particular suburb, as it can provide insight into the spending habits of residents and the potential demand for certain products or services. Data from 2020
| Area | Value |
|---|---|
| 1. 3225 - Queenscliff (Vic.) | $5,410 |
| 2. 3227 - Barwon Heads | $5,370 |
| 3. 3220 - Newtown (Greater Geelong - Vic.) | $5,110 |
| 4. 3231 - Aireys Inlet | $5,100 |
| 5. 3235 - Pennyroyal | $4,750 |
| 6. 3351 - Smythes Creek | $4,580 |
| 7. 3221 - Ceres | $4,540 |
| 8. 3240 - Buckley | $4,240 |
| 9. 3228 - Torquay (Vic.) | $4,150 |
| 10. 3232 - Lorne (Vic.) | $4,140 |
|
11. |
$4,130 |
|
12. |
$4,000 |
|
13. |
$3,820 |
|
14. |
$3,690 |
|
15. |
$3,590 |
|
16. |
$3,530 |
|
17. |
$3,460 |
|
18. |
$3,450 |
|
19. |
$3,420 |
|
20. |
$3,410 |
|
21. |
$3,390 |
|
22. |
$3,390 |
|
23. |
$3,380 |
|
24. |
$3,360 |
|
25. |
$3,230 |
|
26. |
$3,180 |
|
27. |
$3,140 |
|
28. |
$3,130 |
|
29. |
$3,120 |
|
30. |
$3,070 |
|
31. |
$3,040 |
|
32. |
$2,850 |
|
33. |
$2,840 |
|
34. |
$2,330 |
