Invermay (Tas.)

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

Based on demographic evaluations from the ABS for the wider region alongside newly confirmed residential locations monitored by AreaSearch following the Census, the suburb of Invermay (Tas.) has a residency count estimated at 3,463 as of May 2026. This represents a contraction of 35 people (1.0%) compared to the 2021 Census, which recorded 3,498 residents. This shift is calculated from a base resident count of 3,460, determined by AreaSearch from the ABS's June 2025 release of ERP figures, combined with 21 validated new addresses identified after the Census. The suburb's density stands at 859 persons per square kilometer, a figure that is generally consistent with typical metrics across locations tracked by AreaSearch. In the ten years leading up to this point, the suburb of Invermay (Tas.) has shown stable expansion with a compound annual growth rate of 1.0%, outpacing the SA3 region. Overseas arrivals were the primary driver of demographic expansion, accounting for approximately 99.0% of all population increases during recent timeframes.

Projections developed by the ABS and Geoscience Australia for every SA2 region, published in 2024 using 2022 as the baseline, are utilized by AreaSearch. For SA2 territories where these forecasts are unavailable, or to calculate age-specific trends after the year 2032, calculations are derived from the Tasmania State Government's Regional/LGA projections from 2022 using 2021 as the baseline, adjusted using a weighted aggregation technique to translate LGA figures to SA2 scales. Based on these anticipated shifts in demographics, the suburb of Invermay (Tas.) is expected to experience population expansion slightly below the median of non-capital locations, with SA2 forecasts pointing to a rise of 244 persons by 2041, representing a total expansion of 7.0% across the 16 years.

The level of residential development activity in Invermay is very low in comparison to the average area assessed nationally by AreaSearch

According to AreaSearch evaluations of ABS building approval records scaled from regional statistics, Invermay has seen a steady pace of approximately 4 new residential approvals per year, summing up to an estimated 24 dwellings over the preceding 5 financial periods. In the current FY-26 period, 3 approvals have been logged. With the local population decreasing, this pace of new housing has likely matched resident requirements, maintaining options for purchasers, with new builds carrying an average valuation of $334,000—a figure somewhat above regional trends that suggests a focus on quality. Furthermore, commercial approvals totaling $75.0 million have been documented during the current financial year, showing robust development velocity in non-residential projects.

In comparison to the Rest of Tas., building development in Invermay is substantially lower, sitting at 69.0% below the regional per capita benchmark. This limited volume of new construction typically sustains demand and valuations for existing properties, even though building pace has quickened of late. This rate is similarly below the national average, reflecting the established state of the local market and highlighting potential hurdles to new development. Additionally, all recent projects have consisted of standalone houses, reinforcing the low-density landscape of the suburb through a concentration of detached properties that appeal to space-focused buyers. Current trends indicate an even stronger preference for detached dwellings than historically recorded (76.0% at the Census), reflecting persistent demand for family-focused housing. The presence of 410 people per residential approval indicates a quiet and low-volume building environment.

Long-term forecasts indicate that Invermay will add 241 residents by 2041, based on the latest quarterly calculations from AreaSearch. If building activity continues at its historical pace, residential supply could fall short of demographic expansion, which may intensify competition among home buyers and support upward pressure on property prices.

Invermay has moderate levels of nearby infrastructure activity, ranking in the 47thth percentile nationally

Local infrastructure updates, planning guidelines, and major projects represent key influences on the performance of a suburb. In total, AreaSearch has identified 17 projects that are expected to influence the local area. Principal projects include the kanamaluka Cultural Centre (incorporating conference and exhibition spaces), the Flood Levee Protected Areas Specific Area Plan, the UTAS Stadium Redevelopment, and the University of Tasmania Launceston campus at Inveresk, with key details provided for the most significant undertakings.

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 is characterized by an educated labor force, a strong presence of essential services, and an unemployment rate of 6.1%, according to AreaSearch regional data. As of March 2026, there are 1,833 employed residents, with the local unemployment level sitting 2.2% higher than the Regional Tas. rate of 3.9%, while labor force participation is significantly higher than regional trends (65.0% compared to 58.8% in Regional Tas.). According to Census records, a minor proportion of 5.9% of the employed population worked from home, though the influence of pandemic restrictions during that period should be taken into account.

The primary employment sectors for local workers are health care & social assistance, accommodation & food, and retail trade. The suburb exhibits a clear concentration in accommodation & food services, with a workforce share that is 1.6 times the regional average. Conversely, the agriculture, forestry & fishing sector is underrepresented, employing only 2.9% of local workers compared to 8.4% across Regional Tas.. With a ratio of 1.1 workers for each local resident at the Census, the suburb serves as an employment destination, containing a higher number of positions than working residents and drawing commuters from the surrounding region.

Analysis of SALM and ABS statistics aggregated from broader regions shows that over the 12-month timeframe, the local labor pool contracted by 1.6% and total employment fell by 1.8%, leading to a 0.2 percentage point increase in the unemployment rate. In contrast, Regional Tas. experienced an employment increase of 1.8% and a labor pool expansion of 1.7%, with a slight decline in unemployment. Additional guidance on future labor demands can be gathered from Jobs and Skills Australia's national employment projections published in May-25. These five-year and ten-year forecasts have been aligned with the local industry profile to estimate future trends. While national employment is projected to grow by 6.6% over five years and 13.7% over ten years, the rates of change differ widely by sector. Applying these industry-specific projections to the local workforce mix suggests employment in the suburb could rise by 6.4% over five years and 13.6% over ten years, though this is a basic weighted projection for illustration and does not incorporate local population forecasts.

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

The most recent postcode-level ATO statistics for the 2023 financial year show that incomes in Invermay fall below national benchmarks, with a recorded median of $45,751 and an average of $50,592. This compares to a median of $49,689 and an average of $59,358 in Regional Tas.. Adjusting for a Wage Price Index rise of 10.95% since the 2023 financial year yields estimated figures of approximately $50,761 for the median and $56,132 for the average as of March 2026. Data from the 2021 Census shows that household, family, and individual incomes in the suburb are positioned between the 8th and 15th national percentiles. Income distribution metrics reveal that 28.4% of the population (representing 983 people) earn within the $800 - 1,499 bracket, contrasting with the broader metropolitan area where the $1,500 - 2,999 range is the most common at 28.5%. Financial strain from housing costs is substantial, with residents retaining only 81.5% of their income, placing the area in the 8th percentile.

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

Residential architecture in Invermay at the time of the latest Census consisted of 75.5% houses and 24.6% other options like townhouses and apartments, compared to 89.9% houses and 10.1% other options in Regional Tas.. Homeownership levels stood behind the regional average at 24.1%, with the remaining properties divided between those with a mortgage (24.1%) and rentals (51.8%). The median monthly cost for mortgaged properties was notably below the Regional Tas. average at $1,092, while weekly rents typically sat at $285, compared to regional benchmarks of $1,274 and $250. Nationally, local mortgage obligations are much lower than the Australian median of $1,863, and weekly rents are likewise well below the national median of $375.

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

Families make up 55.4% of the local households, consisting of couples with children at 17.6%, couples without children at 22.3%, and single-parent homes at 13.6%. Non-family living arrangements account for the remaining 44.6%, with single-person households representing 37.3% and group houses making up 7.6%. The median household occupancy is 2.2 people, which is slightly smaller than the Regional Tas. average of 2.3.

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

Educational credentials in Invermay exceed broader geographical averages, with 30.3% of individuals aged 15+ holding a university degree, compared to 19.3% in the Rest of Tas. and 21.7% in the SA4 region. This education profile positions the suburb well for knowledge-sector employment. Undergraduate degrees are the most common higher qualification at 19.1%, followed by postgraduate study at 9.0% and graduate diplomas at 2.2%. Vocational qualifications are also highly represented, with 33.2% of residents aged 15+ holding trade credentials, consisting of advanced diplomas at 7.8% and certificates at 25.4%.

A high proportion of the population is engaged in learning, with 36.2% of residents enrolled in an educational program. This group includes 12.5% in higher education, 8.9% in primary schooling, and 6.0% in secondary studies.

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

Public transit networks include 10 active stops within Invermay, offering bus services. These stops support 29 routes, which carry a combined total of 2,693 passenger trips each week. Transit access is rated as good, with dwellings located an average of 289 meters from the closest stop. Being a mainly residential suburb, the majority of commuters travel to other areas, with private vehicles remaining the primary mode of travel at 83% and walking accounting for 10%. Household vehicle ownership stands at an average of 1.0 per home, which is below the regional average. A minor share of 5.9% of the workforce worked from home, according to the 2021 Census, which may have been influenced by pandemic conditions.

Across all transit routes, service frequency averages 384 trips daily, translating to approximately 269 weekly departures at each individual stop.

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

Health indicators point to notable difficulties in Invermay, according to evaluations by AreaSearch regarding mortality and chronic disease trends, with common conditions present in both younger and older cohorts, and a low rate of private health insurance coverage representing approximately 47% of residents (~1,635 people), compared to the national average of 55.7%.

The most prevalent health concerns locally are mental health conditions and arthritis, affecting 13.4% and 8.8% of the population, respectively. Meanwhile, 63.0% of residents reported having no long-term medical conditions, compared to 62.0% in Regional Tas.. The working-age cohort has notable health issues, with higher rates of chronic illness. Residents aged 65 and older represent 14.4% of the population (498 people), which is lower than the Regional Tas. average of 24.9%. Senior health outcomes present some challenges, with national percentiles tracking close to the average for 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 displays elevated levels of cultural diversity, with 22.5% of the population born outside Australia and 17.1% of residents speaking a non-English language at home. Christianity is the primary religious affiliation, accounting for 33.7% of the community. The most distinct variance is in the Other category, which represents 1.9% of the population compared to 0.7% across Regional Tas..

In terms of parental country of birth, the three largest ancestry groups are English at 30.4%, Australian at 26.9% (which is below the regional average of 32.6%), and Other at 9.9% (which is above the regional average of 4.6%). There are also notable differences in other groups: Australian Aboriginal heritage represents 3.5% of the population (compared to 4.1% regionally), Chinese heritage stands at 3.3% (compared to 0.8% regionally), and Dutch ancestry is recorded at 1.3% (compared to 1.7% regionally).

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

The median age of 33 years in Invermay is much younger than the Regional Tas. average of 45, and also below the national median of 38. The 25 - 34 age bracket is highly represented locally at 24.1%, compared to the regional average, while the 65 - 74 bracket is underrepresented at 8.6%. The concentration of residents aged 25 - 34 is also well above the national rate of 14.6%. Since the 2021 Census, the 25 to 34 cohort has increased from 22.1% to 24.1% of the total population, and the 35 to 44 cohort has risen from 11.1% to 12.9%. Conversely, the 15 to 24 group has decreased from 17.6% to 14.5%. Population projections suggest the age distribution will change by 2041, with the 45 to 54 cohort expected to grow the most by 23%, adding 84 residents to reach a total of 459, while both the 5 to 14 and 55 to 64 brackets are projected to decline.