Reservoir - North East · Statistical Area 2 (SA2)

Economy & Advantage in Reservoir - North East

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

A 9% population jump since 2021 marks Reservoir - North East as a rapidly growing area. While it sits in the middle of the pack for overall advantage, residents generally have better education and job skills than half of the country.

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📍 Reservoir - North East, Statistical Area 2 (SA2)

Where Reservoir - North East sits — Socio-economic advantage (IRSAD decile)

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All statistical area 2 (sa2) areas, 2021. The marker is Reservoir - North East — lower than 57% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
Reservoir - North East5
3073, VIC 6

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

The area's overall advantage score of 983 is slightly below the national average. While education and job skills are higher than 60% of similar areas, access to money and resources is much lower, sitting below 80% of other places.

5

Lower than 57% 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.

4

Lower than 64% 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.

6

Higher than 57% 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.

983

Lower than 56% 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 climbed to 16,329 people. This 9% growth since the last census is much higher than most areas and slightly above the 8% rise seen across Victoria.

Business & building

Operating businesses and dwellings approved.

There are 984 businesses operating here, which is more than about 55% of similar areas.

984

Higher than 55% 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 Reservoir - North East

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Reservoir - North East [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/209021523/reservoir-north-east/topic/economy-advantage