3431, VIC · Postcode
How well-off the area is, how fast its population is growing, and the businesses and new homes here.
Wealth and opportunity have grown steadily in postcode 3431, with the area now ranking as one of the most advantaged in the region. Residents here generally enjoy a very high level of financial security and professional skill compared to the rest of the country.
All postcode areas, 2021. The marker is 3431, VIC — higher than 71% of areas.
| 3431, VIC | 8 |
|---|---|
| Macedon Ranges | 9 |
SEIFA indexes ranking relative advantage and disadvantage.
The area reaches the highest possible score of 10 for access to money and resources. This helps explain why the overall advantage score of 1,048 is higher than about 79% of similar areas, while disadvantage is much lower than in about 90% of all areas.
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.
10
Higher than 99% 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.
1,048
Higher than 78% 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 3431, VIC [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/poa/POA3431/3431-vic/topic/economy-advantage
