Torquay · Statistical Area 2 (SA2)

Economy & Advantage in Torquay

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

Far more affluent than about 90% of similar areas, Torquay is a highly advantaged place to live. Residents here enjoy strong access to money and a high level of education, contributing to an overall advantage score of 1,092, which is well above the national average.

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📍 Torquay, Statistical Area 2 (SA2)

Where Torquay 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 Torquay — higher than 86% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
Torquay9
3228, VIC 10

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

This area ranks exceptionally high for both job skills and financial resources. With an overall advantage score of 9 out of 10, it is among the least disadvantaged places in the country.

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.

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.

9

Higher than 86% 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.

1,092

Higher than 85% 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 to 26,581 people. This increase of 7.9% since the last census is higher than most areas and sits almost exactly in line with Victoria's 8.0% growth rate.

Business & building

Operating businesses and dwellings approved.

Torquay is a significant local commercial hub, with 2,781 businesses operating in the area.

2,781

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 Torquay

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Torquay [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/203031053/torquay/topic/economy-advantage