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Mornington Peninsula's Top Suburbs Revealed: Average Deduction Costs Unveiled for Savvy Taxpayers
The average tax deduction for each person claimed a tax deduction in the financial year. Deductions can be claimed on some work-related expenses, such as travel, clothing, and self-education, and other expenses, such as the gifts and donations to deductible gift recipients.The average deduction cost data can be useful for property investors and those looking to move to a new suburb. By understanding the average tax deduction for each person in a suburb, investors can gain insights into the cost of living and potential expenses associated with living in that area. For example, if a suburb has a high average deduction cost for work-related expenses, it may indicate that the cost of living in that area is higher due to the need for work-related expenses. Similarly, if a suburb has a high average deduction cost for gifts and donations, it may indicate that the community is more charitable and community-focused. This information can help investors make informed decisions about where to invest in property or where to move to. Data from 2010
| Area | Value |
|---|---|
| 1. 3944 - Portsea | $19,900 |
| 2. 3928 - Main Ridge | $9,580 |
| 3. 3929 - Flinders (Vic.) | $8,910 |
| 4. 3943 - Sorrento (Vic.) | $8,150 |
| 5. 3937 - Red Hill (Vic.) | $5,380 |
| 6. 3916 - Shoreham | $5,270 |
| 7. 3930 - Mount Eliza | $4,870 |
| 8. 3927 - Somers | $4,690 |
| 9. 3942 - Blairgowrie | $4,430 |
| 10. 3926 - Merricks Beach | $4,280 |
|
11. |
$4,270 |
|
12. |
$3,910 |
|
13. |
$3,740 |
|
14. |
$3,470 |
|
15. |
$3,360 |
|
16. |
$3,180 |
|
17. |
$3,180 |
|
18. |
$3,100 |
|
19. |
$3,060 |
|
20. |
$3,020 |
|
21. |
$3,000 |
|
22. |
$3,000 |
|
23. |
$3,000 |
|
24. |
$2,910 |
|
25. |
$2,890 |
|
26. |
$2,730 |
|
27. |
$2,720 |
|
28. |
$2,550 |
|
29. |
$2,510 |
|
30. |
$1,940 |
|
31. |
$1,920 |
