Toorak Gardens · Statistical Area 2 (SA2)

Economy & Advantage in Toorak Gardens

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

Highly advantaged compared to 90% of other areas, Toorak Gardens is a prosperous suburb defined by exceptional professional qualifications. It is an area of significant wealth where most residents have access to high levels of education and money.

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📍 Toorak Gardens, Statistical Area 2 (SA2)

Where Toorak Gardens 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 Toorak Gardens — higher than 86% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
Toorak Gardens9
5065, SA 9

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

The area reaches the highest possible score for education and job skills, which helps explain why its overall advantage score of 1,095 is higher than about 86% of other areas.

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.

7

Higher 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.

10

Higher than 99% 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.

1,095

Higher than 86% 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 3.3% since 2021, though this is a little below the South Australian figure of 5.6% and lower than most similar areas.

Business & building

Operating businesses and dwellings approved.

Toorak Gardens is home to 3,753 businesses, placing it among the largest areas at this level for business activity.

3,753

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 Toorak Gardens

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Toorak Gardens [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/401031013/toorak-gardens/topic/economy-advantage