Bannockburn · Statistical Area 2 (SA2)
How well-off the area is, how fast its population is growing, and the businesses and new homes here.
A score of 1,014 for overall advantage puts Bannockburn slightly above the national average. The area is generally well-off, with a strong score of 10 for access to money and resources. This financial stability is paired with a population that has grown by 8.5% since 2021.
All statistical area 2 (sa2) areas, 2021. The marker is Bannockburn — higher than 57% of areas.
| Bannockburn | 6 |
|---|---|
| 3331, VIC | 7 |
SEIFA indexes ranking relative advantage and disadvantage.
Bannockburn ranks as one of the best areas for access to money and resources. It is more advantaged than about 60% of similar areas, and it is far less disadvantaged than about 80% of areas across the country.
6
Higher than 57% 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.
10
Higher 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.
5
Lower than 57% 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.
1,014
Higher than 57% 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.
Annual population estimates and change since the census.
Population growth here has been much higher than most areas, rising by 8.5% since 2021. This is about the same as the 8.0% growth seen across Victoria.
8,395
Lower than 61% of statistical area 2 (sa2) areas.
Estimated resident population (ABS), 2025.
8.5%
Higher than 75% of statistical area 2 (sa2) areas.
Population growth since the 2021 Census, from ABS annual estimates.
Operating businesses and dwellings approved.
There are 646 businesses operating in the area, which is a smaller number than about 65% of similar places.
646
Lower than 66% of statistical area 2 (sa2) areas.
Operating businesses (ABS Counts of Australian Businesses), June 2025.
Australian Bureau of Statistics. (2021). Economy & Advantage in Bannockburn [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/203011034/bannockburn/topic/economy-advantage
