North Sydney - Lavender Bay · Statistical Area 2 (SA2)

Economy & Advantage in North Sydney - Lavender Bay

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

An overall advantage score of 1,174 puts North Sydney - Lavender Bay among the most prosperous areas in the country. This is a highly successful place where residents typically hold the highest levels of education and job skills. While it is one of the most advantaged areas nationwide, some residents still struggle with access to money and resources.

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📍 North Sydney - Lavender Bay, Statistical Area 2 (SA2)

Where North Sydney - Lavender Bay sits — Socio-economic advantage (IRSAD decile)

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All statistical area 2 (sa2) areas, 2021. The marker is North Sydney - Lavender Bay — higher than 99% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
North Sydney - Lavender Bay10
2060, NSW 10

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

The area ranks among the largest for overall advantage and job skills, though it is smaller than about 70% of similar areas when it comes to access to money and resources.

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.

3

Lower than 71% 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.

1,174

Higher than 99% 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.

Population has grown by 9.5% since 2021, which is much higher than most areas and well above the New South Wales figure of 6.1%.

Business & building

Operating businesses and dwellings approved.

With 6,549 businesses, this area is among the largest at its level for commercial activity.

6,549

Higher than 87% 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 North Sydney - Lavender Bay

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in North Sydney - Lavender Bay [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/121041417/north-sydney-lavender-bay/topic/economy-advantage