Interestingly, the list of the top 10 postcodes with the highest median member balances looks a little different.
For those of us who have forgotten what we learned in our high school maths classes, the average balance is determined by dividing the total super held in the suburb, by the number of super accounts in the suburb.
However, this average balance can be skewed by balances that are either much higher or lower than most, which means you might not get the most accurate picture of what the typical super balance actually looks like.
The median balance, however, is the number that sits right in the middle of the highest and lowest – half the balances on either side of the median are lower, and half the balances are higher.
While 3944 also comes out on the top of this list, there’s a significant difference in the size of the balance – to the tune of about $1 million.