Potts Point - Woolloomooloo · Statistical Area 2 (SA2)

Economy & Advantage in Potts Point - Woolloomooloo

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

A top score of 10 for overall advantage makes Potts Point - Woolloomooloo one of the most prosperous areas in the country. While residents have some of the highest levels of education and job skills in Australia, there is a surprising gap in access to basic money and resources.

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📍 Potts Point - Woolloomooloo, Statistical Area 2 (SA2)

Where Potts Point - Woolloomooloo sits — Socio-economic advantage (IRSAD decile)

10
1 2 3 4 5 6 7 8 9 10

All statistical area 2 (sa2) areas, 2021. The marker is Potts Point - Woolloomooloo — higher than 99% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
Potts Point - Woolloomooloo10
2011, NSW 10

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

The area is among the most advantaged in the nation with a typical score of 1,134. This reflects a workforce with some of the best education and job skills in the country, though access to money and resources is smaller than in 90% of similar areas.

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.

8

Higher than 71% 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.

1

Lower than 99% 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.

1,134

Higher than 94% 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.

Population growth

Annual population estimates and change since the census.

The population has grown to 19,879 people, which is larger than about 87% of similar areas. This growth rate of 7.8% is a little above the New South Wales figure of 6.1%.

Business & building

Operating businesses and dwellings approved.

With 3,040 businesses, this area has one of the largest concentrations of commercial activity among similar places.

3,040

Higher than 86% of statistical area 2 (sa2) areas.

Operating businesses (ABS Counts of Australian Businesses), June 2025.

Sources

  • Socio-Economic Indexes for Areas (SEIFA) — Australian Bureau of Statistics, 2021 (CC BY 4.0).
  • Regional Population (Estimated Resident Population) — Australian Bureau of Statistics, 2024 (CC BY 4.0).
  • Counts of Australian Businesses & Building Approvals — Australian Bureau of Statistics, 2025 (CC BY 4.0).

More for Potts Point - Woolloomooloo

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Potts Point - Woolloomooloo [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/117031333/potts-point-woolloomooloo/topic/economy-advantage