South Yarra - West · Statistical Area 2 (SA2)

Economy & Advantage in South Yarra - West

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

Highest possible scores for overall advantage and education mark South Yarra - West as a place of significant wealth and skill. While it is among the most advantaged areas in the country, it has a smaller population than most similar locations.

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📍 South Yarra - West, Statistical Area 2 (SA2)

Where South Yarra - West 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 South Yarra - West — higher than 99% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
South Yarra - West10
3141, VIC 10

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

Residents here are among the most highly educated and skilled in the nation. This high level of qualification helps explain why the area is ranked among the most advantaged overall, with a typical score of 1,147.

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.

1,147

Higher than 97% 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 grew by 5.5% since 2021. This increase is around the middle for its level, though it is a little below the Victorian growth rate of 8.0%.

Business & building

Operating businesses and dwellings approved.

With 1,334 businesses, this area has more than about 71% of similar locations.

1,334

Higher than 71% 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 South Yarra - West

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in South Yarra - West [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/206041125/south-yarra-west/topic/economy-advantage