Melbourne CBD - North · Statistical Area 2 (SA2)

Economy & Advantage in Melbourne CBD - North

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

A massive 40% population jump since 2021 defines the recent surge in Melbourne CBD - North. This area is now home to 24,296 people, blending a highly skilled workforce with a complex mix of economic standing.

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📍 Melbourne CBD - North, Statistical Area 2 (SA2)

Where Melbourne CBD - North sits — Socio-economic advantage (IRSAD decile)

8
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All statistical area 2 (sa2) areas, 2021. The marker is Melbourne CBD - North — higher than 71% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
Melbourne CBD - North8
3000, VIC 9

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

Residents here have some of the highest education and job skills in the country, which helps push the overall advantage score to 1,051. However, this is offset by a very low score for access to money and resources, which is smaller than about 90% of similar areas.

8

Higher than 71% 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.

3

Lower 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.

1

Lower 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.

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.

1,051

Higher than 72% 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 40% since the last census, a rate that is far above the Victorian figure of 8%. This makes it one of the fastest-growing areas at its level.

Business & building

Operating businesses and dwellings approved.

The area is a major commercial hub, with 2,516 businesses making it one of the largest business districts at this level.

2,516

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 Melbourne CBD - North

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Melbourne CBD - North [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/206041504/melbourne-cbd-north/topic/economy-advantage