Men still ahead of women in salary stakes
However, if new figures from the Australian Bureau of Statistics (ABS) are to be believed, there is still a salary gap between men and women across the country.
Data shows women are only earning 64 per cent of the average male's wage and salary income - the gap is the greatest in Western Australia where this figure stands at just 55 per cent.
Director of the ABS Lisa Conolly said: "While average wage and salary income in Australia for 2010-11 was $51,923, males recorded a higher average of $62,699 compared with $40,312 for females."
She revealed how the statistics have not changed much since 2005-06, suggesting more needs to be done to address the gender pay gap.
The ABS also released data on average annual earnings growth, which has risen at a rate of 4.9 per cent over the past seven to eight years.
Western Australia and Queensland have experienced the highest average annual growth rates of 6.9 per cent and 5.5 per cent respectively, while New South Wales and Victoria recorded the lowest average annual growth rates of 4.4 per cent.
Even in light of this, Sydney provided eight out of Australia's top ten regions for the highest average wage and salary income, showing there are discrepancies even within one state or territory.
"Overall, the Australian Capital Territory continued to have the highest average wage and salaries income at $60,987.
"This was followed by Western Australia on $57,365 and the Northern Territory on $54,082," Ms Conolly added.