South Yarra - North · Statistical Area 2 (SA2)

Economy & Advantage in South Yarra - North

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

High levels of wealth and professional skill define daily life in South Yarra - North, where the overall advantage score of 1,142 is among the largest in the country. This area stands out for its exceptional job skills and an overall advantage rating of 10, the highest possible level.

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

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

Socio-economic advantage (IRSAD decile) compared with the state and national average
South Yarra - North10
3141, VIC 10

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

Residents here have some of the best education and job skills in the nation. While they rank among the most advantaged overall, a small number of people have very limited access to money and resources.

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.

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.

1,142

Higher than 96% 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 by 20.4% since 2021, which is among the highest growth rates for similar areas and far above the Victorian figure of 8.0%.

Business & building

Operating businesses and dwellings approved.

The area is a major commercial hub, with 3,186 businesses, making it one of the largest business centres at this level.

3,186

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 South Yarra - North

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in South Yarra - North [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/206061515/south-yarra-north/topic/economy-advantage