3121, VIC · Postcode

Economy & Advantage in 3121, VIC

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

Top-tier overall advantage defines postcode 3121, where the area ranks among the most advantaged in the country. While it scores perfectly for education and job skills, it shows a surprising gap in direct access to money and resources.

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📍 3121, VIC, Postcode

Where 3121, VIC sits — Socio-economic advantage (IRSAD decile)

10
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All postcode areas, 2021. The marker is 3121, VIC — higher than 99% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
3121, VIC10
Yarra 10

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

The area is among the most advantaged across Australia, with a typical score of 1,109. This high standing is driven by education and job skills, which rank at the highest possible level, though access to money and resources is much lower than in 80% of similar 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.

2

Lower 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.

1,109

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 3121, VIC

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in 3121, VIC [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/poa/POA3121/3121-vic/topic/economy-advantage