Reservoir - North West · Statistical Area 2 (SA2)

Economy & Advantage in Reservoir - North West

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

About 60% of similar areas have a higher overall advantage score than Reservoir - North West. This neighborhood faces a fair amount of struggle, with an overall advantage score of 965, which is below the national average. While some residents have steady access to resources, many fall behind the state and national benchmarks for education and job skills.

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

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

4
1 2 3 4 5 6 7 8 9 10

All statistical area 2 (sa2) areas, 2021. The marker is Reservoir - North West — lower than 64% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
Reservoir - North West4
3073, VIC 6

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

The area scores a 4 out of 10 for overall advantage and education skills, which is lower than most similar places. Its disadvantage score of 3 reflects that it is more disadvantaged than about 70% of other areas.

4

Lower than 64% 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.

5

Lower 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.

4

Lower than 64% 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.

965

Lower than 64% 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.

Population growth has fallen by 1.3% since 2021, a trend that is among the lowest for similar areas. This decline is well below the 8.0% growth seen across Victoria.

Business & building

Operating businesses and dwellings approved.

There are 812 businesses operating in the area, which is a smaller number than in about 55% of similar locations.

812

Lower than 56% 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 West

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Reservoir - North West [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/209021524/reservoir-north-west/topic/economy-advantage