Randwick - South · Statistical Area 2 (SA2)

Economy & Advantage in Randwick - South

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

Top-tier advantage scores define Randwick - South, which ranks among the most affluent areas in the country. The local population is highly qualified and wealthy, with an overall advantage score of 1,148 that sits well above the national average.

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📍 Randwick - South, Statistical Area 2 (SA2)

Where Randwick - South sits — Socio-economic advantage (IRSAD decile)

10
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All statistical area 2 (sa2) areas, 2021. The marker is Randwick - South — higher than 99% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
Randwick - South10
2031, NSW 10

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

Residents here have some of the highest education and job skills in the nation. This strong professional profile helps explain why the area is among the least disadvantaged across Australia.

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.

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.

1,148

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.

Population growth

Annual population estimates and change since the census.

The population has grown by 6.5% since 2021, a rate that is higher than most similar areas and slightly above the New South Wales figure of 6.1%.

Business & building

Operating businesses and dwellings approved.

Economic activity is high, with 1,603 businesses operating in the area, which is more than about 80% of similar locations.

1,603

Higher than 79% 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 - South

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Randwick - South [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/118021570/randwick-south/topic/economy-advantage