Business
Gap between Melbourne’s have and have not suburbs yawns wider – Sydney Morning Herald
Median and average incomes in Melbourne’s best-off suburbs has grown much faster over recent years than those in poorer and middle suburbs.
Yet among the 10 suburbs with the lowest median incomes a different story played out. These 10, including the city centre, St Albans and Box Hill, saw an increase of just 2.2 per cent.
But this masked some major falls with the worst hit, Clayton, having its median income drop almost $2500 to $32,728.
Wages as measured by the Australian Bureau of Statistics increased by 9.6 per cent across Victoria over the period.
Middle suburbs have also failed to keep up with the income growth being enjoyed…
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