3051, VIC · Postcode

Economy & Advantage in 3051, VIC

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

Highest possible scores for education and job skills mark postcode 3051 as a place of significant professional advantage. While it ranks higher than about 81% of similar areas with an overall advantage score of 1,054, there is a striking gap between these high skills and the local access to money and resources.

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📍 3051, VIC, Postcode

Where 3051, VIC sits — Socio-economic advantage (IRSAD decile)

9
1 2 3 4 5 6 7 8 9 10

All postcode areas, 2021. The marker is 3051, VIC — higher than 86% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
3051, VIC9
Melbourne 10

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

The area is among the most educated and skilled in the country, scoring a 10 for job skills. However, it has a very low score of 1 for access to money and resources, which is smaller than about 90% of similar areas.

9

Higher than 86% 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.

4

Lower than 64% 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.

1,054

Higher than 80% 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 3051, VIC

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in 3051, VIC [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/poa/POA3051/3051-vic/topic/economy-advantage