George Town

George Town is positioned among the lower quartile of areas assessed nationally for population growth based on AreaSearch's assessment of recent, and medium term trends

As per ABS population updates and AreaSearch validation for the broader area, the population of George Town is estimated to be around 5237 as of February 2026. This reflects an increase of 701 individuals since the 2021 Census, which reported a population of 4536 people. The change was inferred from the resident population of 4798 estimated by AreaSearch following examination of the latest ERP data release by ABS in June 2024 and an additional 264 validated new addresses since the Census date. This level of population equates to a density ratio of 50 persons per square kilometer, providing ample space per person. George Town's growth rate of 15.5% since the 2021 census exceeded both the state average (5.3%) and the SA4 region, marking it as a notable growth leader in the area. Interstate migration contributed approximately 67.0% of overall population gains during recent periods, driving primary population growth for the suburb.

AreaSearch adopts ABS/Geoscience Australia projections for each SA2 area, released in 2024 with 2022 as the base year. For areas not covered by this data and to estimate growth by age group post-2032, Tasmania State Government's Regional/LGA projections are adopted with adjustments made employing a method of weighted aggregation of population growth from LGA to SA2 levels. According to these projections over this period, there is an expected decline in overall population for the suburb, with a projected decrease of 27 persons by 2041. However, specific age cohorts are anticipated to grow, notably the 75 to 84 age group, which is projected to expand by 246 people.

Recent residential development output has been above average within George Town when compared nationally

George Town experienced approximately 52 dwelling approvals per year based on AreaSearch analysis using ABS building approval numbers. Between FY-21 and FY-25, around 264 homes were approved, with an additional 22 in FY-26 so far. Each dwelling built attracted an average of 0.7 people over the past five financial years.

New properties are constructed at an average value of $391,000, indicating a focus on premium segment development. This year has seen $1.9 million in commercial approvals, reflecting George Town's residential nature. Compared to Rest of Tas., George Town shows 55.0% higher building activity per person. New developments consist of 96.0% detached dwellings and 4.0% medium and high-density housing, maintaining the area's low density character. There are approximately 119 people per dwelling approval in the location.

Population projections suggest stability or decline, which may reduce housing demand pressures, benefiting potential buyers.

George Town has emerging levels of nearby infrastructure activity, ranking in the 36thth percentile nationally

Changes to local infrastructure significantly impact an area's performance. AreaSearch has identified six projects likely influencing the region. Notable projects include George Town 4-Townhouse Development, South George Town Primary School Redevelopment, Palmerston to George Town High Voltage Transmission Lines, and H2TAS Renewable Hydrogen and Ammonia Facility. Below are details of those most relevant.

Professional plan users can use the search below to filter and access additional projects.

Denotes AI-based impression for illustrative purposes only, not to be taken as definitive under any circumstances. Please follow links and conduct other investigations from the project's source for actual imagery. Developers and project owners wishing us to use original imagery please Contact Us and we will do so.

Employment conditions in George Town face significant challenges, ranking among the bottom 10% of areas assessed nationally

George Town's workforce is balanced between white and blue collar jobs, with manufacturing and industrial sectors prominent. Its unemployment rate was 9.9% (AreaSearch, undated). As of September 2025, employment stands at 1,560 residents, with an unemployment rate of 6.1%, higher than Rest of Tas.'s 3.8%.

Workforce participation is lower at 43.5%, compared to Rest of Tas.'s 58.6%. Census data (2021) shows that 5.7% of residents work from home, potentially impacted by Covid-19 lockdowns. Key industries are manufacturing, health care & social assistance, and retail trade. Manufacturing employment is notably high at 2.9 times the regional average, while agriculture, forestry & fishing employs just 2.3% locally, below Rest of Tas.'s 8.4%.

The area may offer limited local employment opportunities, as indicated by Census working population vs resident population counts. Between September 2024 and 2025, George Town's labour force decreased by 3.3%, with employment down by 3.2%, while unemployment remained stable. In contrast, Rest of Tas. saw employment growth of 0.7% and labour force growth of 0.5%, with a fall in unemployment of 0.2 percentage points. Jobs and Skills Australia's national employment forecasts (May-25) project overall growth of 6.6% over five years and 13.7% over ten years, but growth varies between sectors. Applying these projections to George Town's employment mix suggests local employment could increase by 5.0% over five years and 11.6% over ten years (simple weighting extrapolation for illustrative purposes).

Income metrics place the area in the bottom 10% of locations nationally according to AreaSearch analysis

AreaSearch's latest postcode level ATO data for financial year 2023 shows that income in George Town is below the national average. The median income is $41,684 and the average income stands at $51,335. This contrasts with Rest of Tas., where the median income is $49,689 and the average income is $59,358. Based on Wage Price Index growth of 9.6% since financial year 2023, current estimates for George Town would be approximately $45,686 (median) and $56,263 (average) as of September 2025. The 2021 Census shows that household, family, and personal incomes in George Town all fall between the 1st and 2nd percentiles nationally. In George Town, 34.1% of the population earns within the $400 - $799 income range, contrasting with the broader area where the $1,500 - $2,999 bracket leads at 28.5%. Lower income households are notably prevalent in George Town, with 44.7% earning below $800 weekly, indicating affordability pressures for many residents. After housing costs, 85.4% of income remains, though this ranks at only the 3rd percentile nationally.

George Town is characterized by a predominantly suburban housing profile, with a higher proportion of rental properties than the broader region

George Town's dwelling structures, as per the latest Census, consisted of 87.0% houses and 13.0% other dwellings (semi-detached, apartments, 'other' dwellings), compared to Non-Metro Tas.'s 89.9% houses and 10.1% other dwellings. Home ownership in George Town was at 39.2%, with mortgaged dwellings at 25.0% and rented ones at 35.8%. The median monthly mortgage repayment was $913, below Non-Metro Tas.'s average of $1,274. The median weekly rent in George Town was $220, compared to Non-Metro Tas.'s $250. Nationally, George Town's mortgage repayments were significantly lower than the Australian average of $1,863, while rents were substantially below the national figure of $375.

George Town features high concentrations of lone person households, with a lower-than-average median household size

Family households constitute 64.1 percent of all households, including 19.1 percent couples with children, 29.4 percent couples without children, and 15.0 percent single parent families. Non-family households comprise the remaining 35.9 percent, with lone person households at 33.3 percent and group households at 2.4 percent of the total. The median household size is 2.2 people, which is smaller than the Rest of Tas. average of 2.3.

George Town faces educational challenges, with performance metrics placing it in the bottom quartile of areas assessed nationally

The area's university qualification rate is 8.8%, significantly lower than Australia's average of 30.4%. This presents both a challenge and an opportunity for targeted educational initiatives. Bachelor degrees are the most common at 5.9%, followed by postgraduate qualifications (1.6%) and graduate diplomas (1.3%). Vocational credentials are prominent, with 37.8% of residents aged 15+ holding them - advanced diplomas at 6.6% and certificates at 31.2%.

Educational participation is high, with 26.9% of residents currently enrolled in formal education. This includes 11.5% in primary education, 8.2% in secondary education, and 1.9% pursuing tertiary education.

No public transport data available for this catchment area.

Health performance in George Town is a key challenge with a range of health conditions having marked impacts on both younger and older age cohorts

George Town faces significant health challenges, as indicated by AreaSearch's assessment of mortality rates and chronic condition prevalence. A variety of health conditions impact both younger and older age groups, with private health cover found to be low at approximately 48% of the total population (around 2,488 people), compared to the national average of 55.7%.

The most common medical conditions are arthritis and mental health issues, affecting 13.7 and 11.3% of residents respectively, while 54.3% report no medical ailments, compared to 62.0% in the Rest of Tas.. The working-age population experiences notable health challenges due to high chronic condition rates. The area has a higher proportion of seniors aged 65 and over at 26.7%, with around 1,398 people, compared to 24.9% in the Rest of Tas.. Health outcomes among seniors present some challenges, aligning broadly with national rankings for the general population.

George Town is considerably less culturally diverse than average when assessed alongside AreaSearch's national rankings for language and cultural background related metrics

George Town had a cultural diversity below average, with 87.9% of its population born in Australia, 90.6% being citizens, and 97.0% speaking English only at home. Christianity was the main religion, comprising 41.8%. Hinduism, however, was overrepresented at 0.7%, compared to 1.1% regionally.

Top three ancestry groups were English (36.1%), Australian (34.7%), and Scottish (7.2%). Notably, Australian Aboriginal (4.0%) and Dutch (1.3%) were overrepresented in George Town compared to regional averages of 4.1% and 1.7%, respectively. Maori was also slightly overrepresented at 0.3%.

George Town hosts a notably older demographic compared to the national average

George Town's median age is 45 years, matching the Rest of Tasmania average but exceeding the national average of 38 years. The age profile shows that those aged 65-74 make up a prominent 14.6%, while those aged 25-34 are comparatively smaller at 10.2%. This is higher than the national concentration of 9.5% for the 65-74 age group. Between 2021 and now, the 75 to 84 age group has grown from 7.5% to 9.3%, while the 45 to 54 cohort has declined from 11.6% to 10.5%. By 2041, George Town's age composition is expected to shift notably. The 75 to 84 group is projected to grow by 34%, adding 164 people to reach 652 from 487. This growth will be driven entirely by those aged 65 and above. Conversely, population declines are projected for the 45 to 54 age cohort and the 0 to 4 age group.