Randwick · Council (LGA)

Economy & Advantage in Randwick

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

A rapid population jump of 8.3% since 2021 has shaped Randwick into a high-growth hub. It is now one of the most advantaged areas in the country, with an overall advantage score of 1,113 that sits among the largest at its level.

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📍 Randwick, Council (LGA)

Where Randwick sits — Socio-economic advantage (IRSAD decile)

10
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All council (lga) areas, 2021. The marker is Randwick — higher than 99% of areas.

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

Residents here have some of the highest levels of education and job skills in the nation. This helps explain why the area ranks among the least disadvantaged and has an overall advantage score well above the national average.

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.

7

Higher than 64% 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.

1,113

Higher than 95% 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 8.3% since 2021, which is much higher than most areas and a little above the New South Wales figure of 6.1%. At 146,484 people, it is larger than about 90% of similar areas.

Business & building

Operating businesses and dwellings approved.

There are 14,366 businesses in the area, a total larger than about 90% of similar places. Recent growth continues with 251 approved dwellings, which is more than about 73% of other areas.

14,366

Higher than 86% 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 Randwick

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Randwick [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/lga/LGA16550/randwick/topic/economy-advantage