Lane Cove · Council (LGA)

Economy & Advantage in Lane Cove

How well-off the area is, how fast its population is growing, and the businesses and new homes here.

A perfect score of 10 for overall advantage marks Lane Cove as one of the most prosperous areas in the country. This high level of wealth is matched by top marks for education and job skills. The area is also growing quickly, with a population increase that outpaces both the state and the national average.

Open map →
📍 Lane Cove, Council (LGA)

Where Lane Cove sits — Socio-economic advantage (IRSAD decile)

10
1 2 3 4 5 6 7 8 9 10

All council (lga) areas, 2021. The marker is Lane Cove — higher than 99% of areas.

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

Residents here have some of the highest access to money and resources in Australia. This is reflected in an overall advantage score of 1,162, which is among the largest at this level.

10

Higher than 99% of council (lga) areas.

ABS Index of Relative Socio-economic Advantage and Disadvantage, 2021, as a national decile: 1 = among the 10% most disadvantaged areas in Australia, 10 = among the 10% most advantaged. IRSAD summarises both advantage and disadvantage, so a high score reflects relatively many high-income, well-educated households and few low-income, low-skill ones.

10

Higher than 99% of council (lga) areas.

ABS Index of Relative Socio-economic Disadvantage, 2021, as a national decile: 1 = among the 10% most disadvantaged areas in Australia, 10 = among the least disadvantaged. IRSD focuses on disadvantage alone (low income, low education, unemployment, unskilled occupations), so a higher decile means relatively less disadvantage.

10

Higher than 99% of council (lga) areas.

ABS Index of Economic Resources, 2021, as a national decile: 1 = among the 10% lowest areas for economic resources in Australia, 10 = among the highest. IER reflects the income, housing costs, dwelling size and assets of households, so a higher decile means relatively greater economic resources.

10

Higher than 99% of council (lga) areas.

ABS Index of Education and Occupation, 2021, as a national decile: 1 = among the 10% lowest areas for education and occupation in Australia, 10 = among the highest. IEO reflects residents' qualifications and the skill level of their jobs, so a higher decile means a more highly educated and skilled workforce.

1,162

Higher than 99% of council (lga) areas.

ABS Index of Relative Socio-economic Advantage and Disadvantage, 2021, as a raw index score (standardised so the Australian average is about 1000). Higher scores indicate relatively greater advantage; lower scores greater disadvantage.

Population growth

Annual population estimates and change since the census.

The population has grown by 8.8% since 2021, which is much higher than most areas. This increase is a little above the New South Wales figure of 6.1%.

Business & building

Operating businesses and dwellings approved.

There are 5,162 businesses in the area, a count larger than about 75% of similar places. Local development remains active with 153 new dwellings approved.

5,162

Higher than 73% of council (lga) areas.

Operating businesses (ABS Counts of Australian Businesses), June 2025.

Sources

  • Socio-Economic Indexes for Areas (SEIFA) — Australian Bureau of Statistics, 2021 (CC BY 4.0).
  • Regional Population (Estimated Resident Population) — Australian Bureau of Statistics, 2024 (CC BY 4.0).
  • Counts of Australian Businesses & Building Approvals — Australian Bureau of Statistics, 2025 (CC BY 4.0).

More for Lane Cove

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Lane Cove [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/lga/LGA14700/lane-cove/topic/economy-advantage