Newtown · Statistical Area 2 (SA2)

Economy & Advantage in Newtown

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

High levels of education and wealth shape daily life in Newtown, where the overall advantage score of 1,081 is higher than about 82% of similar areas. This is a prosperous pocket of the region, though its population has remained nearly flat recently.

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📍 Newtown, Statistical Area 2 (SA2)

Where Newtown sits — Socio-economic advantage (IRSAD decile)

9
1 2 3 4 5 6 7 8 9 10

All statistical area 2 (sa2) areas, 2021. The marker is Newtown — higher than 86% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
Newtown9
3220, VIC 9

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

Residents are very well off, with an overall advantage ranking of 9 out of 10. This strength is driven by education and job skills, which are higher than about 90% of similar areas.

9

Higher than 86% 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.

9

Higher than 86% 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.

1,081

Higher than 81% 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 of 10,393 has barely changed, with a growth rate of -0.1%. This is well below the 8.0% increase seen across Victoria.

Business & building

Operating businesses and dwellings approved.

The area is a hub for local enterprise, with 1,404 businesses, which is more than about 74% of similar areas.

1,404

Higher than 73% 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 Newtown

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Newtown [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/203021046/newtown/topic/economy-advantage