Redwood Park · Statistical Area 2 (SA2)

Economy & Advantage in Redwood Park

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

More than 80% of similar areas have lower levels of money and resource access than Redwood Park. This suburb generally fares better than half of the country in terms of overall advantage, with a score of 1,000 that sits right at the national average.

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📍 Redwood Park, Statistical Area 2 (SA2)

Where Redwood Park sits — Socio-economic advantage (IRSAD decile)

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All statistical area 2 (sa2) areas, 2021. The marker is Redwood Park — higher than 57% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
Redwood Park6
5091, SA 7

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

People here typically have better access to money and resources than 80% of similar areas, though education and job skills are more average, sitting in the middle of the pack.

6

Higher than 57% 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.

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.

5

Lower 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.

1,000

Higher than 51% 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 to 16,959 people, which is larger than about 78% of similar areas. However, the 3.4% growth since 2021 is a little below the South Australian figure of 5.6%.

Business & building

Operating businesses and dwellings approved.

There are 895 businesses in the area, which is more than about 50% of similar places.

895

Lower than 51% 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 Redwood Park

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Redwood Park [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/402051054/redwood-park/topic/economy-advantage