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A prosperous economy

Probably a good indicator for how the community views the financial wellbeing of their local area, understanding ‘a prosperous economy’ - and unpacking this concept across small areas - provides a platform for us to explore the relative distance between places perceived to be the most and least prosperous, whether we are becoming more economically prosperous overall or in pockets and whether the gap between the most and least prosperous local areas is expanding or contracting.

A prosperous economy in City of Banyule

8% of residents selected ‘A prosperous economy’ as an important attribute when considering what makes somewhere a good place to live, making it the 15th most important liveability aspect for City of Banyule residents overall. Residents rated their experience of ‘A prosperous economy’ in their local area 6.3 out of 10, on average, making it the 10th most positively experienced attribute of 16. In comparison to Australia: 2023, residents of City of Banyule placed less importance on A prosperous economy.

Benchmarks

Importance
Experience
City of Banyule
8%
6.3
Australia: 2023
16%
6.2
Victoria: 2023
15%
6.3
Metropolitan Australia: 2023
16%
6.2
Melbourne: 2023
16%
6.4

Local areas

Importance
Experience
City of Banyule
8%
6.3
Mid (n = 284)
8%
6.5
South (n = 256)
9%
6.9
North (n = 140)
10%
6.5
West (n = 132)
7%
4.9
North East (n = 183)
8%
6.6
East (n = 129)
9%
6.6
North West (n = 221)
8%
5.8

Gender

Importance
Experience
City of Banyule
8%
6.3
Male (n = 499)
14%
6.4
Female (n = 805)
5%
6.4
Other (n = 25)
3%
4.7

Age

Importance
Experience
City of Banyule
8%
6.3
18 - 34 (n = 147)
10%
6.1
35 - 59 (n = 632)
7%
6.2
60 + (n = 511)
8%
6.7

Significantly higher
Significantly lower