3856, VIC · Postcode

Economy & Advantage in 3856, VIC

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

A high level of financial resource defines daily life in postcode 3856, where residents score an 8 out of 10 for access to money. While people here have strong financial means, they often have fewer formal qualifications than those in other similar areas.

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📍 3856, VIC, Postcode

Where 3856, VIC sits — Socio-economic advantage (IRSAD decile)

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All postcode areas, 2021. The marker is 3856, VIC — lower than 57% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
3856, VIC5
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Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

Residents have much better access to money and resources than 80% of similar areas, though their education and job skills are lower than 80% of those areas. Overall, the area is slightly less advantaged than the national average with a score of 963.

5

Lower 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.

2

Lower than 86% 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.

963

Lower 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.

Sources

  • Socio-Economic Indexes for Areas (SEIFA) — Australian Bureau of Statistics, 2021 (CC BY 4.0).

More for 3856, VIC

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in 3856, VIC [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/poa/POA3856/3856-vic/topic/economy-advantage