3008, VIC · Postcode

Economy & Advantage in 3008, VIC

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

Top rankings for overall advantage define postcode 3008, where the typical resident is among the most advantaged in the country. This high standing is driven by a workforce with some of the best education and job skills in the nation.

Open map →
📍 3008, VIC, Postcode

Where 3008, VIC sits — Socio-economic advantage (IRSAD decile)

10
1 2 3 4 5 6 7 8 9 10

All postcode areas, 2021. The marker is 3008, VIC — higher than 99% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
3008, VIC10
Melbourne 10

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

An overall advantage score of 1,109 puts this area among the largest at its level. While residents rank among the highest for education and job skills, they have much lower access to money and resources than about 90% of other areas.

10

Higher than 99% of postcode 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 postcode 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.

1

Lower than 99% of postcode 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 postcode 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.

1,109

Higher than 93% of postcode 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.

Sources

  • Socio-Economic Indexes for Areas (SEIFA) — Australian Bureau of Statistics, 2021 (CC BY 4.0).

More for 3008, VIC

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in 3008, VIC [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/poa/POA3008/3008-vic/topic/economy-advantage