3218, VIC · Postcode

Economy & Advantage in 3218, VIC

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

An overall advantage score of 1,033 makes postcode 3218 more prosperous than about 75% of similar areas. Residents generally enjoy a high standard of living, though this is driven more by their qualifications than by immediate access to money.

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📍 3218, VIC, Postcode

Where 3218, VIC sits — Socio-economic advantage (IRSAD decile)

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All postcode areas, 2021. The marker is 3218, VIC — higher than 71% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
3218, VIC8
Golden Plains 8

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

The area ranks highly for overall advantage, with a score of 8 out of 10, which is larger than about 80% of similar places. This is supported by strong education and job skills, though access to money and resources is lower than in about 60% of similar areas.

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Higher than 71% 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.

4

Lower than 64% 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.

1,033

Higher than 74% 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 3218, VIC

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in 3218, VIC [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/poa/POA3218/3218-vic/topic/economy-advantage