Springvale · Statistical Area 2 (SA2)

Economy & Advantage in Springvale

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

Nearly 3,000 businesses operate in Springvale, making it one of the largest commercial hubs at this level. While the area is growing quickly, it faces significant economic challenges with a typical advantage score of 900, which is lower than about 88% of similar areas.

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📍 Springvale, Statistical Area 2 (SA2)

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

2
1 2 3 4 5 6 7 8 9 10

All statistical area 2 (sa2) areas, 2021. The marker is Springvale — lower than 86% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
Springvale2
3171, VIC 2

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

Springvale struggles with low access to money and job skills, scoring only 2 and 3 out of 10 respectively. This is reflected in an overall advantage score that is smaller than about 80% of other areas.

2

Lower than 86% 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.

1

Lower than 99% 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.

2

Lower 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.

3

Lower 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.

900

Lower than 87% 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 8.7% since 2021, a figure that is much higher than most areas and slightly above the 8.0% seen across Victoria.

Business & building

Operating businesses and dwellings approved.

With 2,958 businesses, Springvale ranks among the largest for commercial activity at this level.

2,958

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 Springvale

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Springvale [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/212041317/springvale/topic/economy-advantage