{"id":1383,"date":"2016-05-11T02:23:05","date_gmt":"2016-05-11T02:23:05","guid":{"rendered":"https:\/\/www.microburbs.com.au\/blog\/?p=1383"},"modified":"2016-05-11T02:45:16","modified_gmt":"2016-05-11T02:45:16","slug":"panama-papers-top-suburbs-australia","status":"publish","type":"post","link":"https:\/\/www.microburbs.com.au\/blog\/panama-papers-top-suburbs-australia\/","title":{"rendered":"Panama Papers Release Reveals Top Tax Avoiding Australian Areas"},"content":{"rendered":"

What do Geraldton, WA and Mackay in Queensland have in common? Well, apart from being remote coastal towns, they also appear surprisingly often in the Panama Papers – the leak of Panamanian firm Mossack Fonseca’s customer data. <\/span><\/p>\n

\"\"<\/p>\n

The Panama Papers contain a wealth of fascinating revelations about Australians and their relationship with offshore tax havens. There are, of course, many legitimate reasons to retain a Panamanian law firm, and we are not implying any wrongdoing by the companies and individuals revealed in the documents.<\/span><\/p>\n

There are 1409 Australian addresses listed in the Panama Papers, with state capitals featuring heavily. \u00a0There were only a handful of addresses in all of the ACT, SA, NT and Tasmania, so we’ll skip the top lists there. <\/span><\/p>\n\n\n\n\n<\/colgroup>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
NSW Top 10 Postcodes<\/td>\n<\/tr>\n
Postcode<\/td>\nSuburb<\/td>\nAddresses<\/td>\n<\/tr>\n
2000<\/td>\nSydney CBD<\/a><\/td>\n51<\/td>\n<\/tr>\n
2067<\/td>\nChatswood<\/a><\/td>\n12<\/td>\n<\/tr>\n
2065<\/td>\nSt Leonards<\/a><\/td>\n9<\/td>\n<\/tr>\n
2028<\/td>\nDouble Bay<\/a><\/td>\n9<\/td>\n<\/tr>\n
2121<\/td>\nEpping<\/a><\/td>\n9<\/td>\n<\/tr>\n
2072<\/td>\nGordon<\/a><\/td>\n9<\/td>\n<\/tr>\n
2118<\/td>\nCarlingford<\/a><\/td>\n7<\/td>\n<\/tr>\n
2220<\/td>\nHurstville<\/a><\/td>\n7<\/td>\n<\/tr>\n
2030<\/td>\nVaucluse<\/a><\/td>\n7<\/td>\n<\/tr>\n
2070<\/td>\nLindfield<\/a><\/td>\n6<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Sydney, 2000 is the nation’s most included postcode, being home to scores of legal and accounting firms. Notable for NSW though, is that the North Shore areas of Chatswood<\/a>, St Leonards<\/a>, Gordon<\/a> and Lindfield<\/a> are so highly represented, relative to only a few addresses in the affluent Eastern suburbs. Hurstville<\/a> and Carlingford<\/a> also make somewhat unexpected frequent appearances in the Mossack Fonseca customer database. <\/span><\/p>\n\n\n\n\n<\/colgroup>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
QLD Top 10 Postcodes<\/td>\n<\/tr>\n
Postcode<\/td>\nSuburb<\/td>\nAddresses<\/td>\n<\/tr>\n
4211<\/td>\nNerang<\/a><\/td>\n21<\/td>\n<\/tr>\n
4217<\/td>\nSurfers Paradise<\/a><\/td>\n13<\/td>\n<\/tr>\n
4740<\/td>\nMackay<\/a><\/td>\n10<\/td>\n<\/tr>\n
4109<\/td>\nSunnybank<\/a><\/td>\n9<\/td>\n<\/tr>\n
4069<\/td>\nBrookfield<\/a><\/td>\n9<\/td>\n<\/tr>\n
4227<\/td>\nReedy Creek<\/a><\/td>\n8<\/td>\n<\/tr>\n
4214<\/td>\nArundel<\/a><\/td>\n8<\/td>\n<\/tr>\n
4000<\/td>\nBrisbane<\/a><\/td>\n7<\/td>\n<\/tr>\n
4113<\/td>\nEight Mile Plains<\/a><\/td>\n7<\/td>\n<\/tr>\n
4215<\/td>\nSouthport<\/a><\/td>\n7<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

In QLD it’s the Gold Coast which dominates the top postcodes. Nerang<\/a>, Surfers Paradise<\/a>, Reedy Creek<\/a>, Arundel<\/a>, Eight Mile Plains<\/a> and Southport<\/a> fill the top postcodes. Sunnybank<\/a>, Brookfield<\/a> and Brisbane CBD<\/a> are the Brisbane areas mentioned in the records, along with geographic outlier of Mackay<\/a> appearing in 10 customer accounts.<\/span><\/p>\n\n\n\n\n<\/colgroup>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Victoria Top 10 Postcodes<\/td>\n<\/tr>\n
Postcode<\/td>\nSuburb<\/td>\nAddresses<\/td>\n<\/tr>\n
3000<\/td>\nMelbourne<\/a><\/td>\n19<\/td>\n<\/tr>\n
3186<\/td>\nBrighton<\/a><\/td>\n7<\/td>\n<\/tr>\n
3142<\/td>\nToorak<\/a><\/td>\n6<\/td>\n<\/tr>\n
3122<\/td>\nHawthorn<\/a><\/td>\n6<\/td>\n<\/tr>\n
3004<\/td>\nMelbourne<\/a><\/td>\n6<\/td>\n<\/tr>\n
3103<\/td>\nBalwyn<\/a><\/td>\n5<\/td>\n<\/tr>\n
3079<\/td>\nIvanhoe<\/a><\/td>\n4<\/td>\n<\/tr>\n
3101<\/td>\nKew<\/a><\/td>\n4<\/td>\n<\/tr>\n
3124<\/td>\nCamberwell<\/a><\/td>\n4<\/td>\n<\/tr>\n
3109<\/td>\nDoncaster<\/a><\/td>\n4<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

Victoria’s top suburbs are a more predictable tour of the inner east, from Ivanhoe<\/a> down to Brighton<\/a>, from Toorak<\/a> across to Doncaster<\/a>. Overall Victoria has fewer addresses than NSW or Queensland, with even WA showing more offshoring interest.
\n<\/span><\/p>\n

 <\/p>\n\n\n\n\n<\/colgroup>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
WA Top 10 Postcodes<\/td>\n<\/tr>\n
Postcode<\/td>\nSuburb<\/td>\nAddresses<\/td>\n<\/tr>\n
6530<\/td>\nGeraldton<\/a><\/td>\n15<\/td>\n<\/tr>\n
6000<\/td>\nPerth<\/a><\/td>\n14<\/td>\n<\/tr>\n
6005<\/td>\nKings Park<\/a><\/td>\n9<\/td>\n<\/tr>\n
6150<\/td>\nBateman<\/a><\/td>\n8<\/td>\n<\/tr>\n
6011<\/td>\nCottesloe<\/a><\/td>\n8<\/td>\n<\/tr>\n
6153<\/td>\nApplecross<\/a><\/td>\n7<\/td>\n<\/tr>\n
6012<\/td>\nMosman Park<\/a><\/td>\n7<\/td>\n<\/tr>\n
6009<\/td>\nNedlands<\/a><\/td>\n7<\/td>\n<\/tr>\n
6008<\/td>\nSubiaco<\/a><\/td>\n6<\/td>\n<\/tr>\n
6010<\/td>\nSwanbourne<\/a><\/td>\n6<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

WA’s surprise offshoring hotspot is Geraldton<\/a>. The city is home to 15 residential addresses listed in the leak, which is more than Perth’s central 6000 postcode. Perth’s inner suburbs have a fairly even distribution of offshoring addresses after Geraldton. <\/span>
\nThe leaks are now fully searchable online at the IJIC Offshore Leaks website. The data can be viewed by suburb or even by street address. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

What do Geraldton, WA and Mackay in Queensland have in common? Well, apart from being remote coastal towns, they also appear surprisingly often in the Panama Papers – the leak of Panamanian firm Mossack Fonseca’s customer data. The Panama Papers contain a wealth of fascinating revelations about Australians and their relationship with offshore tax havens. 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