Victoria Park · Council (LGA)

Economy & Advantage in Victoria Park

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

A high overall advantage score of 1,042 marks Victoria Park as a prosperous area, ranking higher than about 87% of similar places. While access to money is lower than in 60% of areas, the community's strong overall standing is driven by exceptional education and job skills.

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📍 Victoria Park, Council (LGA)

Where Victoria Park sits — Socio-economic advantage (IRSAD decile)

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

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

The area is very well-off, with an overall advantage score that is larger than about 90% of similar areas. This is supported by a high level of education and job skills, which is also larger than about 90% of other areas.

9

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.

9

Higher than 86% 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.

4

Lower 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.

1,042

Higher than 87% 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.

Population has grown by 13.2% since 2021, a rate that is among the highest for similar areas and a little above the Western Australian figure of 10.7%. The total population now stands at 43,333.

Business & building

Operating businesses and dwellings approved.

Business activity is strong with 4,595 companies, which is more than about 73% of similar areas. Growth continues with 314 new dwellings approved, a figure larger than about 77% of similar places.

4,595

Higher than 72% 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 Victoria Park

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Victoria Park [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/lga/LGA58510/victoria-park/topic/economy-advantage