Nunawading · Statistical Area 2 (SA2)

Economy & Advantage in Nunawading

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

A steady 5.8% population increase since 2021 has seen Nunawading grow more than most similar areas. This is an advantaged community where the typical person has higher education and job skills than 80% of similar places. The area's overall advantage score of 1,059 sits above the national average.

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📍 Nunawading, Statistical Area 2 (SA2)

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

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All statistical area 2 (sa2) areas, 2021. The marker is Nunawading — higher than 71% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
Nunawading8
3131, VIC 8

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

Residents here have strong job skills and education, scoring an 8 out of 10 which is higher than about 80% of similar areas. This contributes to an overall advantage score that is larger than about 74% of areas at this level.

8

Higher than 71% 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.

7

Higher 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.

6

Higher 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.

8

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.

1,059

Higher than 74% 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 grew by 5.8% since 2021, a rate higher than most similar areas. However, this is a little below the 8.0% growth seen across Victoria.

Business & building

Operating businesses and dwellings approved.

Nunawading is a significant hub for local industry, with 1,643 businesses. This is a larger number than about 81% of similar areas.

1,643

Higher than 80% 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 Nunawading

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Nunawading [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/211041271/nunawading/topic/economy-advantage