Forrest · Statistical Area 2 (SA2)

Economy & Advantage in Forrest

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

Among the most advantaged areas in the country, Forrest is a high-status suburb where residents enjoy exceptional access to wealth and education. The area ranks among the highest in Australia for overall advantage, with a score of 1,185 and an education and job skills rating of 10 out of 10.

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📍 Forrest, Statistical Area 2 (SA2)

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

10
1 2 3 4 5 6 7 8 9 10

All statistical area 2 (sa2) areas, 2021. The marker is Forrest — higher than 99% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
Forrest10
2603, ACT 10

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

Residents here have a huge advantage over most other areas, scoring 10 out of 10 for overall advantage and minimal disadvantage. This is backed by a top rating for education and job skills, as well as high access to money and resources.

10

Higher than 99% 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.

10

Higher 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.

9

Higher 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.

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.

1,185

Higher than 99% 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 is small at 1,944 people, but it has grown by 6.6% since 2021. This increase is higher than most areas and is about the same as the 7.1% growth seen across the ACT.

Business & building

Operating businesses and dwellings approved.

There are 392 businesses operating in the area, which is a smaller number than about 82% of similar places.

392

Lower than 82% 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 Forrest

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Forrest [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/801061063/forrest/topic/economy-advantage