Bayswater · Statistical Area 2 (SA2)

Economy & Advantage in Bayswater

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

Bayswater has seen population growth that is a little below the Victorian average, though it remains a significant local hub. The area has a middle-of-the-road level of overall advantage and is home to over 13,000 people.

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📍 Bayswater, Statistical Area 2 (SA2)

Where Bayswater sits — Socio-economic advantage (IRSAD decile)

5
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All statistical area 2 (sa2) areas, 2021. The marker is Bayswater — lower than 57% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
Bayswater5
3153, VIC 6

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

The typical resident has a moderate level of advantage, with education and job skills scoring higher than about 60% of similar areas, though access to money and resources is smaller than about 60% of those areas.

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.

5

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.

4

Lower than 64% 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.

987

Lower than 54% 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 5.4% since 2021, which is around the middle for its level, though this is a little below the 8.0% growth seen across Victoria.

Business & building

Operating businesses and dwellings approved.

Bayswater is a major commercial centre for the region, with 2,102 businesses—a number larger than about 89% of similar areas.

2,102

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 Bayswater

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Bayswater [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/211011251/bayswater/topic/economy-advantage