Mount Waverley - South · Statistical Area 2 (SA2)

Economy & Advantage in Mount Waverley - South

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

A very high level of overall advantage marks Mount Waverley - South, where the typical score of 1,092 is larger than about 85% of similar areas. Residents here generally have far more money and better job skills than people in most other parts of the country.

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📍 Mount Waverley - South, Statistical Area 2 (SA2)

Where Mount Waverley - South sits — Socio-economic advantage (IRSAD decile)

9
1 2 3 4 5 6 7 8 9 10

All statistical area 2 (sa2) areas, 2021. The marker is Mount Waverley - South — higher than 86% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
Mount Waverley - South9
3149, VIC 10

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

The area is very advantaged, ranking 9 out of 10 for both overall advantage and job skills. This puts the suburb ahead of about 90% of similar areas across the country.

9

Higher 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.

9

Higher than 86% 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.

8

Higher 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.

9

Higher than 86% 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.

1,092

Higher than 85% 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 6.1% since 2021, which is higher than most areas, though this is a little below the Victorian rate of 8.0%.

Business & building

Operating businesses and dwellings approved.

With 3,291 businesses, this area has one of the largest numbers of businesses among similar locations.

3,291

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 Mount Waverley - South

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Mount Waverley - South [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/212051324/mount-waverley-south/topic/economy-advantage