Flemington Racecourse · Statistical Area 2 (SA2)

Economy & Advantage in Flemington Racecourse

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

A very small number of residents live in Flemington Racecourse, but they are among the most advantaged people in the country. While only 78 people live here, the area ranks among the highest in the nation for overall advantage.

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📍 Flemington Racecourse, Statistical Area 2 (SA2)

Where Flemington Racecourse 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 Flemington Racecourse — higher than 99% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
Flemington Racecourse10
3031, VIC 8

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

The typical resident has a high level of education and job skills, ranking among the largest in the nation. This helps explain why the overall advantage score of 1,133 is among the largest at this level.

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.

4

Lower 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.

1,133

Higher than 94% 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.

With a population estimate of just 78, Flemington Racecourse is among the smallest areas at this level.

Business & building

Operating businesses and dwellings approved.

There are 31 businesses operating in the area, which is among the smallest number of businesses for similar areas.

31

Lower than 99% 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 Flemington Racecourse

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Flemington Racecourse [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/206041120/flemington-racecourse/topic/economy-advantage