3205, VIC · Postcode

Economy & Advantage in 3205, VIC

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

A very high overall advantage score of 1,093 makes postcode 3205 one of the most prosperous areas in the country. While residents here have some of the highest education and job skills levels seen anywhere, their actual access to money and resources is much lower.

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📍 3205, VIC, Postcode

Where 3205, VIC sits — Socio-economic advantage (IRSAD decile)

10
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All postcode areas, 2021. The marker is 3205, VIC — higher than 99% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
3205, VIC10
Port Phillip 10

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

The area ranks among the most advantaged overall, with an advantage score larger than about 91% of similar places. This is driven by top-tier education and job skills, though access to money and resources is smaller than in about 80% 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.

7

Higher 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.

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.

1,093

Higher than 90% 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 3205, VIC

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in 3205, VIC [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/poa/POA3205/3205-vic/topic/economy-advantage