3531, VIC · Postcode

Economy & Advantage in 3531, VIC

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

Better job skills than most areas define the economic landscape for people in postcode 3531. While overall advantage is higher than about 60% of other regions, the area sits right around the national average with a score of 992.

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📍 3531, VIC, Postcode

Where 3531, VIC sits — Socio-economic advantage (IRSAD decile)

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All postcode areas, 2021. The marker is 3531, VIC — higher than 57% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
3531, VIC6
Buloke 5

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

Residents here generally have strong qualifications, with education and job skills ranking higher than about 80% of similar areas. This is paired with a moderate level of access to money and resources, which is higher than about half of other areas.

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Higher than 57% 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.

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Higher than 57% 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.

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Lower than 57% 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.

992

Higher than 57% 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 3531, VIC

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in 3531, VIC [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/poa/POA3531/3531-vic/topic/economy-advantage