Bayswater · Council (LGA)

Economy & Advantage in Bayswater

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

Strong growth in population and business has shaped the recent economy of Bayswater. The area is now among the most advantaged in the country, with a typical advantage score of 1,017 which is higher than about 82% of similar places.

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📍 Bayswater, Council (LGA)

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

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All council (lga) areas, 2021. The marker is Bayswater — higher than 86% of areas.

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

High levels of education and job skills mark this area, as it ranks higher than about 90% of similar places. This contributes to an overall advantage score that is higher than about 80% of other areas.

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Higher than 86% 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.

8

Higher than 71% 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.

9

Higher than 86% 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.

1,017

Higher than 81% 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 grew by 7.8% since 2021, which is much higher than most areas, although this is a little below the Western Australian figure of 10.7%.

Business & building

Operating businesses and dwellings approved.

Economic activity is high with 6,779 businesses, a total larger than about 81% of similar areas. There were also 293 new dwellings approved, which is higher than about 76% of similar places.

6,779

Higher than 77% 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 Bayswater

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Bayswater [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/lga/LGA50420/bayswater/topic/economy-advantage