Elsternwick · Statistical Area 2 (SA2)

Economy & Advantage in Elsternwick

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

High levels of education and wealth shape daily life in Elsternwick, which ranks among the most advantaged areas in the country. With a top-tier overall advantage score of 1,118, the neighborhood stands out for its exceptional job skills and access to resources.

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📍 Elsternwick, Statistical Area 2 (SA2)

Where Elsternwick 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 Elsternwick — higher than 99% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
Elsternwick10
3185, VIC 10

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

Residents here have some of the highest education and job skills in the nation, placing the area in the top tier for overall advantage. This is reflected in an advantage score that is larger than about 91% of similar areas.

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.

9

Higher than 86% 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.

6

Higher than 57% 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.

1,118

Higher than 91% 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 6.6% since 2021, a rate that is higher than most areas, though a little below the Victorian figure of 8.0%.

Business & building

Operating businesses and dwellings approved.

Elsternwick is a hub for local industry, with 1,693 businesses, which is more than about 82% of similar areas.

1,693

Higher than 81% 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 Elsternwick

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Elsternwick [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/208021179/elsternwick/topic/economy-advantage