3104, VIC · Postcode

Economy & Advantage in 3104, VIC

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

A perfect 10 for overall advantage marks postcode 3104 as one of the most prosperous areas in the country. This extreme level of wealth is driven by an exceptionally high standard of education and professional skills among residents.

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📍 3104, VIC, Postcode

Where 3104, 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 3104, VIC — higher than 99% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
3104, VIC10
Boroondara 10

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

Residents here have a top-tier score of 10 for education and job skills, which helps explain why the overall advantage score of 1,115 is among the highest in the nation. Access to money and resources is also very high, scoring 9 out of 10.

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.

9

Higher than 86% 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.

9

Higher than 86% 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.

1,115

Higher than 94% 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 3104, VIC

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in 3104, VIC [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/poa/POA3104/3104-vic/topic/economy-advantage