3984, VIC · Postcode

Economy & Advantage in 3984, VIC

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

A score of 3 out of 10 for overall advantage means daily life in postcode 3984 is tougher than it is for most Australians. While some residents have decent access to money and resources, the area generally struggles with a lack of formal education and job skills.

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📍 3984, VIC, Postcode

Where 3984, VIC sits — Socio-economic advantage (IRSAD decile)

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All postcode areas, 2021. The marker is 3984, VIC — lower than 71% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
3984, VIC3
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Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

Overall advantage is lower than about 70% of similar areas, with a score of 936 compared to the national average of 1000. This is linked to a low score for education and job skills, which is smaller than about 80% of other areas.

3

Lower 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.

4

Lower 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.

6

Higher 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.

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.

936

Lower 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.

Sources

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

More for 3984, VIC

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in 3984, VIC [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/poa/POA3984/3984-vic/topic/economy-advantage