3705, VIC · Postcode
How well-off the area is, how fast its population is growing, and the businesses and new homes here.
A score of 8 for access to money and resources marks 3705 as a relatively prosperous area. Most residents here have a fair amount of financial security and education compared to the national average. This places the area in a positive position across most measures of advantage.
All postcode areas, 2021. The marker is 3705, VIC — higher than 57% of areas.
| 3705, VIC | 6 |
|---|---|
| Towong | 7 |
SEIFA indexes ranking relative advantage and disadvantage.
The typical resident has a high level of financial resource and access to money, scoring 8 out of 10. This is paired with a strong score for education and job skills, which helps the area sit above 60% of all other regions for overall advantage.
6
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.
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.
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.
7
Higher than 64% 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.
994
Higher than 58% 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 3705, VIC [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/poa/POA3705/3705-vic/topic/economy-advantage
