Reservoir - South West · Statistical Area 2 (SA2)

Economy & Advantage in Reservoir - South West

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

A population increase of 7.8% since 2021 shows Reservoir - South West is growing quickly. While residents here have a high level of education and job skills, their overall advantage score of 1,017 is only slightly above the national average.

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

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

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All statistical area 2 (sa2) areas, 2021. The marker is Reservoir - South West — higher than 57% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
Reservoir - South West6
3073, VIC 6

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

Education and job skills are a strong point here, ranking higher than about 80% of similar areas. However, access to money and resources is much lower, trailing about 70% of other areas.

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Higher 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.

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Lower 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.

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Lower than 71% 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.

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Higher than 71% 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.

1,017

Higher than 58% 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 reached 15,350 people, which is larger than about 73% of similar areas. Growth since 2021 has been 7.8%, a rate that is higher than most areas and about the same as Victoria's 8.0%.

Business & building

Operating businesses and dwellings approved.

There are 1,403 businesses operating in the area, which is a larger count than about 74% of similar areas.

1,403

Higher than 73% 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 - South West

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Reservoir - South West [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/209021526/reservoir-south-west/topic/economy-advantage