Invermay (Tas.)

Population growth drivers in Invermay are strong compared to national averages based on AreaSearch's ranking of recent, and medium to long-term trends

Based on analysis of Australian Bureau of Statistics (ABS) population updates for the broader area, and new addresses validated by AreaSearch, the population of Invermay (Tas.) is estimated at around 3543 as of Nov 2025. This reflects an increase of 45 people (1.3%) since the 2021 Census, which reported a population of 3498 people. The change is inferred from the resident population of 3515, estimated by AreaSearch following examination of the latest Education and Workforce (ERP) data release by the ABS in June 2024, and an additional 19 validated new addresses since the Census date. This level of population equates to a density ratio of 879 persons per square kilometer, which is relatively in line with averages seen across locations assessed by AreaSearch. Over the past decade, Invermay has demonstrated resilient growth patterns with a compound annual growth rate of 1.1%, outpacing the SA3 area. Population growth for the suburb was primarily driven by overseas migration that contributed approximately 99.0% of overall population gains during recent periods.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, as released in 2024 with 2022 as the base year. For any SA2 areas not covered by this data, and to estimate growth by age group in the years post-2032, the Tasmania State Government's Regional/LGA projections, released in 2022 with 2021 as the base year, are adopted with adjustments made employing a method of weighted aggregation of population growth from LGA to SA2 levels. Considering the projected demographic shifts, a population increase just below the median of locations outside of capital cities is expected, with the suburb expected to increase by 292 persons to 2041 based on aggregated SA2-level projections, reflecting an increase of 7.4% in total 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

Invermay recorded approximately four residential properties granted approval annually over the past five financial years, totalling an estimated 24 homes. So far in FY-26, three approvals have been recorded. On average, 4.5 new residents arrived per year for each dwelling constructed between FY-21 and FY-25. This results in demand significantly exceeding new supply, typically leading to price growth and increased buyer competition.

The average value of new homes being built is $334,000, aligning with regional trends. In the current financial year, there have been $75.0 million in commercial approvals, indicating high levels of local commercial activity. Compared to the Rest of Tas., Invermay records notably lower building activity, which is 69.0% below the regional average per person. This constrained new construction often reinforces demand and pricing for existing properties, although building activity has accelerated in recent years. The area's level is also under the national average, suggesting its established nature and potential planning limitations.

Recent development has been entirely comprised of standalone homes, preserving Invermay's low density nature and attracting space-seeking buyers. New construction favours detached housing more than current patterns suggest, indicating ongoing robust demand for family homes despite increasing density pressures. The estimated count of 414 people per dwelling approval reflects the area's quiet, low activity development environment. Population forecasts indicate Invermay will gain 263 residents by 2041. If current construction levels persist, housing supply could lag population growth, potentially intensifying buyer competition and underpinning price growth.

Invermay has emerging levels of nearby infrastructure activity, ranking in the 35thth percentile nationally

Changes to local infrastructure significantly impact an area's performance. AreaSearch identified 17 projects likely affecting the region. Notable initiatives include kanamaluka Cultural Centre (including Conference & 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.

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 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 is 5.6%.

Employment stability has been relative over the past year, according to AreaSearch's aggregation of statistical area data. As of June 2025, 1,878 residents are employed while the unemployment rate is 1.7% higher than Rest of Tas.'s rate of 3.9%. Workforce participation is similar to Rest of Tas.'s 55.7%. Leading employment industries include health care & social assistance, accommodation & food, and retail trade.

Invermay has a particularly strong specialization in accommodation & food with an employment share 1.6 times the regional level. Agriculture, forestry & fishing is under-represented, with only 2.9% of Invermay's workforce compared to 8.4% in Rest of Tas.. There are 1.1 workers for every resident, indicating Invermay functions as an employment hub hosting more jobs than residents and attracting workers from surrounding areas. Over a 12-month period ending June 2025, labour force decreased by 1.5%, while employment declined by 0.5%, causing the unemployment rate to fall by 1.0 percentage points. In comparison, Rest of Tas. recorded an employment decline of 0.5% and a labour force decline of 0.6%, with a marginal decrease in unemployment. Jobs and Skills Australia's national employment forecasts from Sep-22 suggest that while national employment is forecast to expand by 6.6% over five years and 13.7% over ten years, growth rates differ significantly between industry sectors. Applying these projections to Invermay's employment mix suggests local employment should increase by 6.4% over five years and 13.6% over ten years.

The area's income levels rank in the lower 15% nationally based on AreaSearch comparative data

AreaSearch's latest postcode level ATO data for financial year 2022 shows income in Invermay is below the national average. The median assessed income is $45,751 and the average income stands at $50,592. This contrasts with Rest of Tas.'s figures of a median income of $47,358 and an average income of $57,384. Based on Wage Price Index growth of 13.83% since financial year 2022, current estimates would be approximately $52,078 (median) and $57,589 (average) as of September 2025. Census 2021 income data shows household, family and personal incomes in Invermay all fall between the 8th and 15th percentiles nationally. Distribution data shows 28.4% of the population (1,006 individuals) fall within the $800 - 1,499 income range, differing from the metropolitan region where the $1,500 - 2,999 category predominates 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 structure, 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 82.1% houses and 17.9% other dwellings. Home ownership in Invermay was at 24.1%, with the rest being mortgaged or rented equally at 24.1% each, and 51.8% respectively. The median monthly mortgage repayment was $1,092, significantly lower than Non-Metro Tas.'s average of $1,300. Weekly rent in Invermay was recorded at $285, compared to Non-Metro Tas.'s $280. Nationally, Invermay's mortgage repayments were substantially lower at $1,092 versus the Australian average of $1,863, and rents were also significantly 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 making up 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 residents aged 15 and above have a higher proportion of university qualifications than broader averages. Specifically, 30.3% hold such qualifications compared to 19.3% in the rest of Tasmania and 21.7% in the SA4 region. This educational advantage is notable for its concentration of Bachelor degrees (19.1%), postgraduate qualifications (9.0%), and graduate diplomas (2.2%). Vocational credentials are also prominent, with 33.2% of residents holding such qualifications, including advanced diplomas (7.8%) and certificates (25.4%). Educational participation is high in Invermay, 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. The area's three schools have a combined enrollment reaching 700 students, serving distinct age groups with balanced educational opportunities (ICSEA: 970).

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 sixteen different routes that together facilitate 1981 weekly passenger trips. The accessibility of these services is deemed good, with residents on average located just 289 meters from the nearest stop.

Across all routes, service frequency averages at 283 trips per day, translating to around 198 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, with common conditions prevalent across both younger and older age groups. Private health cover is low at approximately 47%, covering around 1673 people, compared to Rest of Tas.'s 50.6% and the national average of 55.3%. Mental health issues affect 13.4% and arthritis impacts 8.8% of residents.

About 63.0% report no medical ailments, similar to Rest of Tas.'s 63.9%. Invermay has 14.1%, or approximately 499 people aged 65 and over, lower than Rest of Tas.'s 19.9%. Senior health outcomes align with the general population's profile.

The level of cultural diversity witnessed in Invermay was found to be 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 the population. However, the most notable overrepresentation was in the 'Other' category, which accounted for 1.9% of the population compared to 1.1% across the rest of Tasmania.

In terms of ancestry, the top three represented groups were English at 30.4%, Australian at 26.9%, and Other at 9.9%. There were also notable differences in the representation of certain ethnic groups: Australian Aboriginal was overrepresented at 3.5% (versus 2.7% regionally), Chinese at 3.3% (versus 1.6%), and Dutch at 1.3% (versus 2.0%).

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

Invermay's median age is 33 years, significantly below the Rest of Tas. average of 45 and considerably younger than Australia's median of 38. The 25-34 cohort is notably over-represented in Invermay at 24.2%, compared to the Rest of Tas. average, while the 65-74 year-olds are under-represented at 8.6%. This concentration of 25-34 year-olds is well above the national average of 14.5%. Post the 2021 Census, the 25 to 34 age group grew from 22.1% to 24.2%, and the 35 to 44 cohort increased from 11.1% to 12.6%. Conversely, the 15 to 24 cohort declined from 17.6% to 15.8%, and the 55 to 64 group dropped from 11.0% to 9.9%. Demographic modeling indicates Invermay's age profile will change significantly by 2041, with the 45 to 54 cohort projected to grow by 20%, adding 76 residents to reach 459. Meanwhile, both the 65 to 74 and 15 to 24 age groups are expected to decrease in numbers.