South Yarra - South · Statistical Area 2 (SA2)

Economy & Advantage in South Yarra - South

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

A high overall advantage score of 1,094 marks South Yarra - South as an affluent area, ranking higher than about 85% of similar places. While it is one of the most highly educated and skilled areas in the country, there is a notable gap in access to money and resources compared to other wealthy suburbs.

Open map →
📍 South Yarra - South, Statistical Area 2 (SA2)

Where South Yarra - South 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 South Yarra - South — higher than 86% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
South Yarra - South9
3141, VIC 10

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

The area is among the most qualified in the nation, with an education and job skills score of 10. However, its access to money and resources is lower than about 80% of similar areas.

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.

6

Higher than 57% 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.

2

Lower 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.

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.

1,094

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 10,440 people. This growth of 3.4% since 2021 is lower than most areas and well below the Victorian figure of 8.0%.

Business & building

Operating businesses and dwellings approved.

Economic activity is strong here, with 1,867 businesses, which is more than about 86% of similar areas.

1,867

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 - South

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in South Yarra - South [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/206061516/south-yarra-south/topic/economy-advantage