3242, VIC · Postcode
How well-off the area is, how fast its population is growing, and the businesses and new homes here.
Eight out of ten similar areas have lower overall advantage than postcode 3242. This region is notably well-off, with a typical advantage score of 1,027, which is higher than the national figure.
All postcode areas, 2021. The marker is 3242, VIC — higher than 71% of areas.
| 3242, VIC | 8 |
|---|---|
| Colac Otway | 4 |
SEIFA indexes ranking relative advantage and disadvantage.
The area is far less disadvantaged than about 90% of other regions. This high standing is consistent across the board, with both job skills and access to money scoring 8 out of 10.
8
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.
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.
8
Higher than 71% 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.
8
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.
1,027
Higher than 72% 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.
Australian Bureau of Statistics. (2021). Economy & Advantage in 3242, VIC [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/poa/POA3242/3242-vic/topic/economy-advantage
