3158, VIC · Postcode

Economy & Advantage in 3158, VIC

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

A steady rise in wealth has seen postcode 3158 become one of the most affluent areas in the region. Residents here have an overall advantage score of 1,052, which is higher than about 81% of similar places across the country.

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📍 3158, VIC, Postcode

Where 3158, VIC sits — Socio-economic advantage (IRSAD decile)

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All postcode areas, 2021. The marker is 3158, VIC — higher than 86% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
3158, VIC9
Yarra Ranges 9

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

The area ranks in the top 10% of all regions for overall advantage. This high standing is driven by strong access to money and resources, as well as job skills and education that outstrip about 80% of similar areas.

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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.

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.

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Higher than 71% 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.

1,052

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 3158, VIC

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in 3158, VIC [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/poa/POA3158/3158-vic/topic/economy-advantage