Randwick - North · Statistical Area 2 (SA2)

Economy & Advantage in Randwick - North

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

Randwick - North ranks among the most advantaged areas in the country. It is a highly prosperous place where the typical resident has far more resources than the national average. This status is driven by an exceptionally high level of education and professional skills.

Open map →
📍 Randwick - North, Statistical Area 2 (SA2)

Where Randwick - North 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 Randwick - North — higher than 99% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
Randwick - North10
2031, NSW 10

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

The area is among the most advantaged in Australia, with an overall advantage score of 1,150. This aligns with its standing in education and job skills, where it ranks at the highest possible level.

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.

10

Higher than 99% 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.

5

Lower than 57% 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.

1,150

Higher than 98% 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.

While the population is larger than about 77% of similar areas, growth has been slow. Since 2021, the population rose by 2.4%, which is well below the New South Wales figure of 6.1%.

Business & building

Operating businesses and dwellings approved.

The area is a significant hub for commercial activity, with 1,699 businesses. This is more than about 82% of similar areas.

1,699

Higher than 81% 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 Randwick - North

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Randwick - North [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/118021569/randwick-north/topic/economy-advantage