Chatswood (West) - Lane Cove North · Statistical Area 2 (SA2)

Economy & Advantage in Chatswood (West) - Lane Cove North

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 marks Chatswood (West) - Lane Cove North as one of the most prosperous areas in the country. This high level of wealth is underpinned by a workforce with some of the best education and job skills across Australia.

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📍 Chatswood (West) - Lane Cove North, Statistical Area 2 (SA2)

Where Chatswood (West) - Lane Cove 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 Chatswood (West) - Lane Cove North — higher than 99% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
Chatswood (West) - Lane Cove North10
2067, NSW 10

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

Residents here have an overall advantage score of 1,137, which is among the highest in the nation. This stands alongside a top ranking for education and skills, meaning the area has very little disadvantage compared to 90% of other 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.

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.

7

Higher 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.

1,137

Higher than 95% 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 10.3% since 2021, a rate well above the New South Wales figure of 6.1%. This increase is much higher than most similar areas, bringing the total population to 23,620.

Business & building

Operating businesses and dwellings approved.

The area is a significant hub for local industry, with 1,912 businesses operating here. This is more than about 86% of similar areas.

1,912

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 Chatswood (West) - Lane Cove North

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Chatswood (West) - Lane Cove North [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/121011399/chatswood-lane-cove-north/topic/economy-advantage