HAMILTON’S income growth is in the bottom 15 per cent of Victorian postcodes and the immediate area has lost hundreds of net taxpayers over 10 years.
Australian Tax Office data shows that the Hamilton 3300 postcode recorded an almost 44.8 per cent increase in mean taxable income between 2003/04 and 2013/14.
That sounds impressive but the figures reveal that Hamilton was surpassed in income growth by almost 490 of the 573 Victoria postcodes tracked in the ATO data.
The top 15 per cent of postcodes saw their taxable income grow by between 68 and 123 per cent
The Hamilton postcode also recorded an 8.46 per cent decline in the number of people filing a return with net payable tax in 2013/14 compared with ten years earlier, when 6535 local people paid tax.