Banksmeadow · Statistical Area 2 (SA2)
How well-off the area is, how fast its population is growing, and the businesses and new homes here.
An overall advantage score of 1,145 puts Banksmeadow among the most advantaged areas in the country. While the population is small, the region is highly skilled and has seen rapid growth. This combination of high status and a growing footprint marks it as a key economic pocket in the Bayside area.
All statistical area 2 (sa2) areas, 2021. The marker is Banksmeadow — higher than 99% of areas.
| Banksmeadow | 10 |
|---|---|
| 2019, NSW | 9 |
SEIFA indexes ranking relative advantage and disadvantage.
The area is among the most advantaged in Australia, with residents scoring a 10 for both job skills and overall advantage. While access to money and resources is lower than in 60% of similar areas, the overall disadvantage level is much lower than in 90% of other places.
10
Higher than 99% of statistical area 2 (sa2) 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 statistical area 2 (sa2) 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.
4
Lower than 64% of statistical area 2 (sa2) 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.
10
Higher than 99% of statistical area 2 (sa2) 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.
1,145
Higher than 97% of statistical area 2 (sa2) 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.
Annual population estimates and change since the census.
A population increase of 26.3% since 2021 is far above the New South Wales figure of 6.1%. This represents some of the highest growth seen among similar areas, though the total population remains small at 643 people.
643
Lower than 98% of statistical area 2 (sa2) areas.
Estimated resident population (ABS), 2025.
26.3%
Higher than 93% of statistical area 2 (sa2) areas.
Population growth since the 2021 Census, from ABS annual estimates.
Operating businesses and dwellings approved.
There are 627 businesses operating in the area, which is a smaller number than in about 67% of similar locations.
627
Lower than 67% of statistical area 2 (sa2) areas.
Operating businesses (ABS Counts of Australian Businesses), June 2025.
Australian Bureau of Statistics. (2021). Economy & Advantage in Banksmeadow [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/117011320/banksmeadow/topic/economy-advantage
