The Basin · Statistical Area 2 (SA2)

Economy & Advantage in The Basin

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

A slight population drop of 1% since 2021 marks a recent shift for The Basin, though it remains a relatively prosperous area. Most residents have strong access to money and resources, with an overall advantage score of 1,025 that is higher than the national average.

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📍 The Basin, Statistical Area 2 (SA2)

Where The Basin sits — Socio-economic advantage (IRSAD decile)

7
1 2 3 4 5 6 7 8 9 10

All statistical area 2 (sa2) areas, 2021. The marker is The Basin — higher than 64% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
The Basin7
3154, VIC 8

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

The Basin is more advantaged than about 70% of similar areas, with a very high score of 9 for access to money and resources. This puts the area in a strong position compared to both the state and the nation.

7

Higher 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.

8

Higher 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.

9

Higher 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.

1,025

Higher than 62% 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.

Growth has stalled here, with the population falling by 1% since 2021. This is among the lowest rates for similar areas and sits well below the 8% growth seen across Victoria.

Business & building

Operating businesses and dwellings approved.

The area is relatively small in terms of commercial activity, containing 289 businesses, which is fewer than in about 87% of similar areas.

289

Lower than 87% 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 The Basin

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in The Basin [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/211011449/the-basin/topic/economy-advantage