Invermay (Tas.)

Population growth drivers in Invermay are slightly above average based on AreaSearch's ranking of recent, and medium term trends

As per AreaSearch's analysis of ABS population updates and new addresses validated since Feb 2026, the suburb of Invermay (Tas.) has an estimated population of around 3549. This figure reflects a rise of 51 people from the 2021 Census count of 3498, indicating a 1.5% increase. The change is inferred from AreaSearch's estimation of the resident population at 3514 following examination of ABS' latest ERP data release in June 2024 and an additional 17 validated new addresses since the Census date. This population level results in a density ratio of 880 persons per square kilometer, aligning with averages seen across other locations assessed by AreaSearch. Over the past decade, Invermay has exhibited resilient growth patterns with a compound annual growth rate of 1.1%, outperforming the SA3 area. Recent population growth was primarily driven by overseas migration contributing approximately 99.0% of overall population gains.

AreaSearch employs ABS/Geoscience Australia projections for each SA2 area released in 2024 with a base year of 2022, and for areas not covered by this data, Tasmania State Government's Regional/LGA projections released in 2022 with a base year of 2021 are adopted with adjustments made using a method of weighted aggregation of population growth from LGA to SA2 levels. Considering projected demographic shifts, Invermay is expected to experience population growth just below the median for locations outside capital cities, with an increase of 292 persons to 2041 based on aggregated SA2-level projections, reflecting a total increase of 7.2% over the 17 years.

AreaSearch analysis of residential development drivers sees Invermay recording a relatively average level of approval activity when compared to local markets analysed countrywide

AreaSearch analysis of ABS building approval numbers, allocated from statistical area data, indicates Invermay has recorded approximately 4 residential properties granted approval annually over the past five financial years. This totals an estimated 24 homes. So far in FY-26, 3 approvals have been recorded. Based on an average of 4.5 new residents arriving per year per dwelling constructed between FY-21 and FY-25, demand significantly exceeds new supply, typically leading to price growth and increased buyer competition.

New homes are being built at an average value of $334,000, slightly above the regional average, suggesting a focus on quality developments. Commercial approvals this financial year total $75.0 million, indicating high levels of local commercial activity. Relative to Rest of Tas., Invermay records markedly lower building activity, with 69.0% below the regional average per person. This constrained new construction usually reinforces demand and pricing for existing properties, though building activity has accelerated in recent years. This level is similarly under the national average, indicating the area's established nature and suggesting potential planning limitations.

Recent development has been entirely comprised of standalone homes, preserving the area's low density nature with an emphasis on detached housing attracting space-seeking buyers. New construction favours detached housing more than current patterns suggest (76.0% at Census), demonstrating ongoing robust demand for family homes despite increasing density pressures. The estimated count of 414 people in the area per dwelling approval reflects its quiet, low activity development environment. Population forecasts indicate Invermay will gain 257 residents through to 2041 (from the latest AreaSearch quarterly estimate). Should current construction levels persist, housing supply could lag population growth, likely intensifying buyer competition and underpinning price growth.

Invermay has emerging levels of nearby infrastructure activity, ranking in the 32ndth percentile nationally

Changes to local infrastructure significantly impact an area's performance. AreaSearch has identified 17 projects that may affect this region. Notable ones include the Kanamaluka Cultural Centre (including conference and exhibition space), Flood Levee Protected Areas Specific Area Plan, UTAS Stadium Redevelopment, and University of Tasmania Launceston campus Inveresk. The following list details those most relevant.

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

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Employment drivers in Invermay are experiencing difficulties, placing it among the bottom 20% of areas assessed across Australia

Invermay has a well-educated workforce with essential services sectors well represented. The unemployment rate as of September 2025 was 5.8%, according to AreaSearch's aggregation of statistical area data. There were 1,837 residents in work while the unemployment rate was 2.0% higher than Rest of Tas.'s rate of 3.8%.

Workforce participation stood at 63.3%, compared to Rest of Tas.'s 58.6%. Census responses showed that only 5.9% of residents worked from home, though Covid-19 lockdown impacts should be considered. The leading employment industries among residents were health care & social assistance, accommodation & food, and retail trade. Invermay had a particularly strong specialization in accommodation & food, with an employment share 1.6 times the regional level.

Conversely, agriculture, forestry & fishing was under-represented, with only 2.9% of Invermay's workforce compared to 8.4% in Rest of Tas.. There were 1.1 workers for every resident as at the Census, indicating that the area functioned as an employment hub hosting more jobs than residents and attracting workers from surrounding areas. Over a 12-month period ending September 2025, labour force decreased by 2.8% while employment declined by 2.3%, causing the unemployment rate to fall by 0.4 percentage points. In comparison, Rest of Tas. recorded employment growth of 0.7%, labour force growth of 0.5%, with unemployment falling 0.2 percentage points. Jobs and Skills Australia's national employment forecasts from May-25 suggest that national employment is forecast to expand by 6.6% over five years and 13.7% over ten years. Applying these industry-specific projections to Invermay's employment mix suggests local employment should increase by 6.4% over five years and 13.6% over ten years, though this is a simple weighting extrapolation for illustrative purposes and does not take into account localised population projections.

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

Invermay's postcode level ATO data for financial year 2023 shows median income at $45,751 and average income at $50,592. This is below the national averages of $49,689 (median) and $59,358 (average) for Rest of Tas. By September 2025, with a 9.6% Wage Price Index growth since FY2023, estimated incomes would be approximately $50,143 (median) and $55,449 (average). Census 2021 data shows Invermay's household, family, and personal incomes fall between the 8th and 15th percentiles nationally. Income distribution reveals 28.4% of Invermay residents earn between $800 - $1,499 annually, differing from metropolitan regions where the $1,500 - $2,999 range is predominant at 28.5%. Housing affordability pressures are severe in Invermay, with only 81.5% of income remaining, ranking at the 8th percentile nationally.

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

Invermay's dwelling structures, as per the latest Census, consisted of 75.5% houses and 24.6% other dwellings (semi-detached, apartments, 'other' dwellings). In contrast, Non-Metro Tas. had 89.9% houses and 10.1% other dwellings. Home ownership in Invermay stood at 24.1%, with mortgaged dwellings at 24.1% and rented ones at 51.8%. The median monthly mortgage repayment was $1,092, lower than Non-Metro Tas.'s average of $1,274. Median weekly rent in Invermay was $285, compared to Non-Metro Tas.'s $250. Nationally, Invermay's mortgage repayments were significantly lower at $1,092 versus Australia's average of $1,863, and rents were substantially below the national figure of $375.

Invermay features high concentrations of lone person households and group households, with a lower-than-average median household size

Family households constitute 55.4% of all households, including 17.6% couples with children, 22.3% couples without children, and 13.6% single parent families. Non-family households comprise the remaining 44.6%, with lone person households at 37.3% and group households at 7.6%. The median household size is 2.2 people, which is smaller than the Rest of Tas. average of 2.3.

Educational outcomes in Invermay fall within the lower quartile nationally, indicating opportunities for improvement in qualification attainment

Invermay's educational attainment significantly exceeds broader benchmarks. Among residents aged 15+, 30.3% hold university qualifications, compared to 19.3% in the Rest of Tas. and 21.7% in the SA4 region. This educational advantage positions Invermay strongly for knowledge-based opportunities. Bachelor degrees are most prevalent at 19.1%, followed by postgraduate qualifications (9.0%) and graduate diplomas (2.2%).

Trade and technical skills are prominent, with 33.2% of residents aged 15+ holding vocational credentials – advanced diplomas (7.8%) and certificates (25.4%). Educational participation is notably high, with 36.2% of residents currently enrolled in formal education. This includes 12.5% in tertiary education, 8.9% in primary education, and 6.0% pursuing secondary education.

Transport servicing is good compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility

Invermay has ten active public transport stops, all of which are bus stops. These stops are served by twenty-nine different routes that together facilitate 2,693 weekly passenger trips. Transport accessibility is deemed good, with residents on average situated 289 meters from the nearest stop. Primarily residential, most Invermay residents commute outwards, predominantly by car (83%), with walking accounting for 10%. On average, there is one vehicle per dwelling, below the regional norm. According to the 2021 Census, only 5.9% of residents work from home, which may be reflective of COVID-19 conditions.

Across all routes, service frequency averages 384 trips daily, equating to approximately 269 weekly trips per individual stop.

Health performance in Invermay is well below average with prevalence of common health conditions notable across both younger and older age cohorts

Invermay faces significant health challenges, as indicated by AreaSearch's assessment. The prevalence of common health conditions is notable across both younger and older age groups.

Mental health issues and arthritis are the most prevalent conditions, affecting 13.4% and 8.8% of residents respectively. Approximately 676 people have private health cover, which is around 47% of the total population. This is lower than the national average of 55.7%. About 63.0% of residents report having no medical ailments, compared to 62.0% in the Rest of Tas. The working-age population faces notable health challenges due to elevated chronic condition rates. Invermay has 14.0% of its population aged 65 and over (496 people), which is lower than the 24.9% in the Rest of Tas. Health outcomes among seniors present some challenges, with national rankings generally in line with the broader population.

The level of cultural diversity witnessed in Invermay was found to be slightly above average when compared nationally for a number of language and cultural background related metrics

Invermay had a cultural diversity level above average, with 22.5% of its population born overseas and 17.1% speaking a language other than English at home. Christianity was the predominant religion in Invermay, comprising 33.7% of people. Notably, the category 'Other' made up 1.9% of Invermay's population, compared to 0.7% across Rest of Tas..

The top three ancestry groups were English (30.4%), Australian (26.9%), and Other (9.9%). While Australian was lower than the regional average of 32.6%, Other was substantially higher at 9.9%. Some ethnic groups showed notable differences: Australian Aboriginal was overrepresented at 3.5% in Invermay compared to 4.1% regionally, Chinese at 3.3% versus 0.8%, and Dutch at 1.3% against 1.7%.

Invermay's young demographic places it in the bottom 15% of areas nationwide

Invermay's median age of 32 is significantly lower than the Rest of Tasmania's figure of 45 and Australia's national average of 38 years. Compared to the Rest of Tasmania, Invermay has a notably higher proportion of 25-34 year-olds (24.4%) and a lower proportion of 65-74 year-olds (8.4%). This concentration of 25-34 year-olds is well above the national average of 14.4%. Between 2021 and present, Invermay's population has seen an increase in the 25 to 34 age group from 22.1% to 24.4%, while the 35 to 44 cohort increased from 11.1% to 13.2%. Conversely, the 15 to 24 age group has declined from 17.6% to 15.8%, and the 55 to 64 group dropped from 11.0% to 9.6%. By 2041, demographic modeling suggests Invermay's age profile will change significantly. The 45 to 54 age cohort is projected to increase by 89 people (24%), growing from 369 to 459. Meanwhile, both the 5-14 and 15-24 age groups are expected to decrease in number.