Jul 26, 2026 – 8.00pmSome of the country’s wealthiest suburbs are also home to the steepest student debts, with the average HECS balance surpassing $38,000 in parts of Sydney’s affluent east as well as in suburbs bordering major university campuses.New analysis of 2023-24 tax return data by consultancy firm KPMG found almost half the nation’s HECS balance was concentrated in its two largest cities, and that the top 10 postcodes for highest average debt located near the heart of Sydney and Melbourne.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
The postcodes with the heftiest student debt balances revealed
Almost half of Australia’s $67.6 billion HECS balance is concentrated in the nation’s two largest cities, according to new analysis tax data.
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