The New Face of Affluence: Where Does Wealth Really Reside? The notion that certain suburbs are bastions of affluence is nothing new. However, recent analysis of income data in Brisbane reveals a shift in the top 1%.
Pullenvale's reign as the suburb where the elite resided has been usurped by Ascot and Hamilton. According to the Australian Tax Office's latest figures, in 2022 23, the top 1% in these suburbs earned an average of $2.
2 million per annum. This substantial sum raises questions about what drives affluence in these areas. Is it high paying industries or the influx of ultra wealthy individuals like Don Meij and Clive Palmer?