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Unveiling the Average Salary in (Ipswich): A Comprehensive Ranking of Suburbs
The average salary earned for each person who earns a salary. Salary refers to normal weekly, fortnightly, or monthly pay from employment, foreign employment income, any JobKeeper Payment received, commissions, bonuses, parental leave pay, and dad-and-partner pay.
The average salary data for suburbs can be useful for property investors and those looking to move as it provides an indication of the income levels in a particular area. This information can be used to assess the affordability of properties in a suburb and to determine the potential rental yield. For example, if the average salary in a suburb is high, it may indicate that there is a demand for high-end properties and that rental yields may be higher. On the other hand, if the average salary is low, it may indicate that the rental market is more geared towards affordable housing. Additionally, the average salary data can be used to assess the potential for economic growth in a suburb, as higher salaries may indicate a more prosperous local economy.
Data from 2020