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Unveiling the Income Diversity of (Mornington Peninsula): A Closer Look at Personal Incomes Ranging from $300 to $650 per Week
The proportion of people who reported that they had a total personal income between $300 and $649 per week (before tax deductions) from all sources on the 10th of August for the 2021 Australian Census. It is important to note that on this date, Victoria was in lockdown, whilst NSW and ACT would follow in the next fortnight.The personal income data can be useful for property investors and those looking to move as it provides insights into the economic status of different suburbs. For instance, suburbs with a higher proportion of people earning between $300 and $650 per week may indicate a lower cost of living and potentially more affordable housing options. On the other hand, suburbs with a lower proportion of people in this income bracket may suggest a higher cost of living and potentially more expensive housing options. This information can help property investors make informed decisions about where to invest and can also assist those looking to move in finding a suburb that aligns with their financial situation. Data from 2020
