Richmond (Tas.)

Population growth drivers in Richmond are above average based on AreaSearch's ranking of recent, and medium to long-term trends

Based on analysis of ABS population updates for the broader area, and new addresses validated by AreaSearch since the Census, Richmond's population is estimated at around 1,669 as of May 2026. This reflects an increase of 86 people (5.4%) since the 2021 Census, which reported a population of 1,583 people. The change is inferred from the resident population of 1,623, estimated by AreaSearch following examination of the latest ERP data release by the ABS in June 2025 and an additional 64 validated new addresses since the Census date. This level of population equates to a density ratio of 18.5 persons per square kilometer. Richmond's 5.4% growth since the 2021 census exceeded the SA4 region (3.9%), along with the Greater Hobart, marking it as a growth leader in the region. Population growth for the suburb was primarily driven by interstate migration that contributed approximately 66.0% of overall population gains during recent periods, although all drivers including overseas migration and natural growth were positive factors.

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. Moving forward with demographic trends, an above median population growth of statistical areas across the nation is projected, with the suburb expected to increase by 303 persons to 2041 based on aggregated SA2-level projections, reflecting an increase of 15.4% in total over the 16 years.

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

AreaSearch analysis of ABS building approval numbers in Richmond shows around 13 residential properties granted approval per year. Over the past five financial years, from FY-21 to FY-25, approximately 65 homes were approved, with a further 9 approved so far in FY-26. On average, 1.9 people moved to the area for each dwelling built over these years, indicating balanced supply and demand conditions.

New properties are constructed at an average expected cost of $461,000, suggesting a focus on the premium segment with upmarket dwellings. This year has seen $4.8 million in commercial development approvals, indicating limited commercial development focus compared to residential. Richmond's new dwelling approval rate per person is about three-quarters that of Greater Hobart, placing it among the 74th percentile nationally.

The area's building activity consists mainly of detached dwellings (93.0%) with a smaller proportion of attached dwellings (7.0%), preserving its low density nature and attracting space-seeking buyers. With around 167 people per dwelling approval, Richmond exhibits characteristics of a low-density area. According to AreaSearch's latest quarterly estimate, Richmond is expected to grow by approximately 257 residents through to 2041. At current development rates, new housing supply should comfortably meet demand, providing good conditions for buyers and potentially supporting growth beyond current population projections.

Richmond has limited levels of nearby infrastructure activity, ranking in the 18thth percentile nationally

No changes can significantly affect a region's performance like alterations to local infrastructure, major projects, and planning initiatives. AreaSearch has identified zero projects that are anticipated to impact this area. Notable projects comprise the Brighton to Cambridge Freight Route Study, Sorell School Redevelopment, Jordan River Learning Federation School Farm Upgrade, and New Brighton High School, with the following list specifying those expected to be most pertinent.

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.

The employment environment in Richmond shows above-average strength when compared nationally

Richmond has a well-educated workforce with essential services sectors well represented. Its unemployment rate is 2.6%, according to AreaSearch's aggregation of statistical area data as of December 2025. In this month, 812 residents are employed while the unemployment rate is 1.4% lower than Greater Hobart's rate of 4.0%.

Workforce participation stands at 59.9%, below Greater Hobart's 63.7%. A Census survey shows that 14.9% of residents work from home, though Covid-19 lockdown impacts should be considered. Employment is concentrated in construction, health care & social assistance, and education & training sectors. Richmond has a particularly strong specialization in agriculture, forestry & fishing, with an employment share 3.6 times the regional level.

Conversely, health care & social assistance employs only 12.3% of local workers, below Greater Hobart's 17.3%. The area appears to offer limited local employment opportunities, as indicated by the count of Census working population versus resident population. Over the 12 months to December 2025, labour force levels decreased by 1.1%, while employment declined by 1.5%, causing the unemployment rate to rise by 0.4 percentage points. In contrast, Greater Hobart experienced employment growth of 0.1% and labour force decline of 0.1%, with a 0.2 percentage point drop in unemployment rate. Jobs and Skills Australia's national employment forecasts from May-25 can offer further insight into potential future demand within Richmond. These projections estimate that national employment will expand by 6.6% over five years and 13.7% over ten years, with growth rates differing significantly between industry sectors. Applying these industry-specific projections to Richmond's employment mix suggests local employment should increase by 6.1% over five years and 12.8% over ten years, though this is a simple weighting extrapolation for illustrative purposes and does not take into account localised population projections.

Income levels sit below national averages according to AreaSearch assessment

The suburb of Richmond has an income level below the national average, according to latest Australian Taxation Office data aggregated by AreaSearch for the financial year ended June 2023. The median income among taxpayers in Richmond is $52,994, with an average income of $59,133. These figures compare to those for Greater Hobart, which stand at $54,577 and $65,190 respectively. Based on a 10.95% growth in wages since June 2023, current estimates suggest the median income would be approximately $58,797, and the average income $65,608 by March 2026. Census data from 2021 shows incomes in Richmond rank modestly, between the 35th and 41st percentiles for household, family, and personal incomes. Income distribution indicates that 29.4% of locals (490 people) fall into the $1,500 - $2,999 category, similar to the metropolitan region where this cohort represents 32.2%. Housing costs are manageable with 87.4% retained after expenses, but disposable income is below average at the 39th percentile. The suburb's SEIFA income ranking places it in the 6th decile.

Richmond is characterized by a predominantly suburban housing profile, with above-average rates of outright home ownership

Richmond's dwelling structure, as per the latest Census, consisted of 93.9% houses and 6.1% other dwellings (semi-detached, apartments, 'other' dwellings). In comparison, Hobart metro had 85.3% houses and 14.7% other dwellings. Richmond's home ownership rate was 47.9%, with the remaining dwellings either mortgaged (36.5%) or rented (15.6%). The median monthly mortgage repayment in Richmond was $1,600, higher than Hobart metro's average of $1,517. The median weekly rent figure in Richmond was $340, compared to Hobart metro's $350. Nationally, Richmond's mortgage repayments were lower than the Australian average of $1,863, and rents were less than the national figure of $375.

Richmond has a typical household mix, with a fairly typical median household size

Family households account for 73.2% of all households, including 27.2% couples with children, 37.5% couples without children, and 7.9% single parent families. Non-family households constitute the remaining 26.8%, with lone person households at 26.1% and group households comprising 0.5%. The median household size is 2.4 people, which aligns with the Greater Hobart average.

Educational attainment in Richmond aligns closely with national averages, showing typical qualification patterns and performance metrics

The area's educational profile is notable regionally with university qualification rates at 26.9% for residents aged 15+, surpassing the SA3 area average of 18.9%. Bachelor degrees are most prevalent at 20.0%, followed by postgraduate qualifications (5.6%) and graduate diplomas (1.3%). Trade and technical skills are prominent, with 39.9% of residents aged 15+ holding vocational credentials – advanced diplomas at 12.5% and certificates at 27.4%.

Educational participation is high, with 25.1% of residents currently enrolled in formal education, including 9.7% in primary, 7.2% in secondary, and 4.2% in tertiary education.

No public transport data available for this catchment area.

Richmond's residents are healthier than average in comparison to broader Australia with a fairly standard level of common health conditions seen across both young and old age cohorts

Richmond's health data shows positive results, aligning with national averages for mortality rates and common health conditions across age groups. Private health cover stands at approximately 51%, slightly lower than the national average of 55.7%.

The most prevalent medical conditions are arthritis (affecting 12.3% of residents) and mental health issues (8.5%), with 63.7% reporting no medical ailments, compared to 65.5% in Greater Hobart. Working-age individuals face higher chronic condition rates. Richmond has a larger senior population, at 27.6% (460 people), compared to Greater Hobart's 20.0%. Seniors' health outcomes rank favourably, even exceeding general population averages nationally.

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

Richmond's cultural diversity was found to be below average, with 85.9% of its population born in Australia. Citizenship stood at 92.6%, and English speakers at home were 96.7%. Christianity was the predominant religion, comprising 52.5% of Richmond's population, compared to 39.8% across Greater Hobart.

The top three ancestry groups were English (38.3%), Australian (30.7%), and Scottish (9.2%). Notably, French ancestry was overrepresented in Richmond at 0.7%, compared to the regional average of 0.3%. Similarly, Welsh ancestry was 0.7% versus the region's 0.5%, and Irish ancestry was 8.6% compared to 8.0%.

Richmond ranks among the oldest 10% of areas nationwide

Richmond's median age stands at 51 years, significantly higher than Greater Hobart's average of 39 years and the national average of 38 years. The age profile shows a prominent group of 55-64 year-olds (17.3%), compared to Greater Hobart, while the 25-34 age group is relatively smaller at 7%. This concentration of 55-64 year-olds is notably higher than the national average of 11.2%. From 2021 onwards, the 35-44 age group has increased from 11.5% to 13.1%, and the 75-84 cohort has risen from 8.4% to 9.8%. Conversely, the 45-54 age group has decreased slightly from 13.9% to 13.2%. By 2041, Richmond's age composition is expected to shift significantly. The 45-54 age group is projected to grow by 44%, reaching 318 people from 220. The aging population trend is evident, with those aged 65 and above comprising 54% of the projected growth. Conversely, declines are projected for the 25-34 and 0-4 age cohorts.