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 ABS population updates and AreaSearch validations, the suburb of Richmond (Tas.) had an estimated population of around 1,728 as of Feb 2026. This reflected a growth of 145 people since the 2021 Census, which reported a population of 1,583 people. The increase was inferred from AreaSearch's estimate of 1,678 residents following examination of ABS's latest ERP data release in June 2024 and an additional 54 validated new addresses since the Census date. Richmond's growth rate of 9.2% exceeded the SA4 region's 4.9%, indicating it as a growth leader in the area. Interstate migration contributed approximately 66.0% to overall population gains, although all drivers were positive factors. AreaSearch uses ABS/Geoscience Australia projections for each SA2 area released in 2024 with a 2022 base year.

For areas not covered by this data and post-2032 growth estimates, Tasmania State Government's Regional/LGA projections released in 2022 with a 2021 base year are adopted with adjustments made using weighted aggregation from LGA to SA2 levels. Future demographic trends forecast significant population increase for the suburb of Richmond (Tas.), expected to grow by 443 persons to 2041, reflecting an overall increase of 24.9% over the 17 years.

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

Richmond recorded approximately 12 residential properties granted approval per year. Between FY-21 and FY-25, around 64 homes were approved, with an additional 7 approved so far in FY-26. On average, 3 people moved to the area for each dwelling built over these years.

This demand significantly outpaces supply, potentially putting upward pressure on prices and increasing competition among buyers. New properties are constructed at an average expected cost of $461,000, indicating a focus on premium segment upmarket properties. In FY-26, $4.8 million in commercial development approvals have been recorded, suggesting limited commercial development focus.

Comparatively, Richmond has around three-quarters the rate of new dwelling approvals per person compared to Greater Hobart and ranks among the 72nd percentile nationally for areas assessed. New building activity consists of 93.0% detached dwellings and 7.0% attached dwellings, preserving the area's low density nature and attracting space-seeking buyers with an average of around 179 people per dwelling approval. According to AreaSearch's latest quarterly estimate, Richmond is expected to grow by 431 residents through to 2041. Development is keeping pace with projected growth, though increasing competition among buyers may result as the population expands.

Richmond has emerging levels of nearby infrastructure activity, ranking in the 20thth percentile nationally

No factors influence a region's performance more than modifications to local infrastructure, major undertakings, and planning initiatives. AreaSearch has pinpointed 0 projects that could potentially impact this area. Notable projects include 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 providing details on those 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 labour market in Richmond shows considerable strength compared to most other Australian regions

Richmond has a well-educated workforce with significant representation in essential services sectors. Its unemployment rate is 2.5%. Over the past year, it has shown relative employment stability.

As of September 2025862 residents are employed, with an unemployment rate of 1.5% lower than Greater Hobart's rate of 4.0%. Workforce participation is similar to Greater Hobart's at 63.8%. According to Census responses, 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.

Richmond has a particularly strong specialization in agriculture, forestry & fishing, with an employment share 3.6 times the regional level. However, health care & social assistance employs only 12.3% of local workers, below Greater Hobart's 17.3%. The area may offer limited local employment opportunities, as indicated by the count of Census working population versus resident population. Over the 12 months to September 2025, labour force levels decreased by 0.5%, while employment declined by 0.5%, causing the unemployment rate to rise by 0.1 percentage points. In contrast, Greater Hobart experienced a greater decline in employment at 0.7% and labour force at 0.9%. Jobs and Skills Australia's national employment forecasts from May-25 suggest potential future demand within Richmond. These projections indicate national employment will expand by 6.6% over five years and 13.7% over ten years, with differing growth rates between industry sectors. Applying these 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 extrapolation for illustrative purposes and does not account for localised population projections.

Income levels sit below national averages according to AreaSearch assessment

Richmond suburb's median income among taxpayers was $52,994 in financial year 2023. The average income stood at $59,133 during the same period. For Greater Hobart, these figures were $54,577 and $65,190 respectively. By September 2025, estimated median and average incomes would be approximately $58,081 and $64,810 based on a 9.6% Wage Price Index growth since financial year 2023. Census 2021 income data showed household, family, and personal incomes in Richmond ranked modestly between the 35th and 41st percentiles. The predominant income cohort in Richmond was 29.4%, representing 508 people with incomes of $1,500 - 2,999. This aligns with the metropolitan region where this cohort also represents 32.2%. Housing costs were manageable with 87.4% retained, but disposable income was below average at the 39th percentile. Richmond's SEIFA income ranking placed 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, was 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. Home ownership in Richmond stood at 47.9%, with mortgaged dwellings at 36.5% and rented ones at 15.6%. The median monthly mortgage repayment was $1,600, higher than Hobart metro's $1,517. The median weekly rent figure 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 constitute 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 comprise the remaining 26.8%, with lone person households at 26.1% and group households making up 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 of 26.9% among residents aged 15+ exceeding 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 (12.5%) and certificates (27.4%).

Educational participation is high, with 25.1% of residents currently enrolled in formal education. This includes 9.7% in primary education, 7.2% in secondary education, and 4.2% pursuing 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 outcomes, aligning closely with Australian benchmarks. Common health conditions are similar across both young and old age groups.

Private health cover is relatively low at 51%, compared to the national average of 55.7%. The most prevalent medical conditions are arthritis (12.3%) and mental health issues (8.5%), while 63.7% report no medical ailments, slightly lower than Greater Hobart's 65.5%. Working-age residents face higher chronic condition rates. Richmond has a higher proportion of seniors aged 65 and over (27.8%, or 480 people), compared to Greater Hobart's 19.9%. Senior health outcomes rank favourably, even exceeding national averages for the general population.

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, 92.6% being citizens, and 96.7% speaking English only at home. Christianity was the main religion in Richmond, comprising 52.5% of people, compared to 39.8% across Greater Hobart. The top three ancestry groups in Richmond were English (38.3%), Australian (30.7%), and Scottish (9.2%).

Notably, French, Welsh, and Irish ethnicities showed higher representation in Richmond than regionally: French at 0.7% vs 0.3%, Welsh at 0.7% vs 0.5%, and Irish at 8.6% vs 8.0%.

Richmond ranks among the oldest 10% of areas nationwide

Richmond's median age is 51 years, which is significantly higher than Greater Hobart's average of 39 and exceeds the national average of 38 years. The age profile shows that those aged 55-64 make up a prominent 17.3%, while the 25-34 group comprises only 6.5%. This concentration of those aged 55-64 is well above the national average of 11.2%. Between 2021 and present, the 75 to 84 age group has grown from 8.4% to 10.0%, while the 35 to 44 cohort increased from 11.5% to 12.9%. Conversely, the 5 to 14 age group has declined from 11.4% to 10.2%, and the 45 to 54 group dropped from 13.9% to 12.7%. By 2041, Richmond's age composition is expected to shift notably. The 45 to 54 age group is projected to grow by 56% (122 people), reaching 342 from 219. The aging population trend is clear, with those aged 65 and above comprising 50% of the projected growth. Conversely, numbers in the 35 to 44 age range are expected to fall by 31%.