Risdon Vale

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

The estimated population of Risdon Vale is around 3,432 as of Feb 2026. This reflects a growth from the 2021 Census figure of 3,171 people, an increase of 261 people (8.2%). AreaSearch validated this estimate using latest ERP data from ABS (June 2024) and additional new addresses since the Census date. The population density is around 259 persons per square kilometer. Risdon Vale's growth exceeded its SA4 region (4.9%) and Greater Hobart, marking it as a growth leader in the region. Interstate migration contributed approximately 68.0% of overall population gains during recent periods.

AreaSearch uses ABS/Geoscience Australia projections for each SA2 area, released in 2024 with 2022 as the base year. For areas not covered by this data and post-2032 growth estimates by age group, Tasmania State Government's Regional/LGA projections are adopted, released in 2022 with 2021 as the base year. Future population projections indicate a median increase to 2041, with Risdon Vale expected to grow by 354 persons, reflecting a total increase of 10.1% over the 17 years.

AreaSearch assessment of residential approval activity sees Risdon Vale among the top 30% of areas assessed nationwide

Based on AreaSearch analysis of ABS building approval numbers, allocated from statistical area data, Risdon Vale has recorded around 32 residential properties granted approval each year. Over the past five financial years, between FY-21 and FY-25, approximately 164 homes were approved, with an additional 18 approved so far in FY-26. This indicates an average of about two new residents per year gained for each dwelling built over these years, reflecting robust demand that supports property values.

The average expected construction cost value of new homes being built is $411,000, suggesting developers are targeting the premium market segment with higher-end properties. In terms of commercial activity, $67.5 million in commercial approvals have been registered this financial year. Compared to Greater Hobart, Risdon Vale has 61.0% more construction activity per person, offering buyers ample choice. All new construction consists of standalone homes, preserving the area's low density nature and attracting space-seeking buyers.

With around 93 people per dwelling approval, Risdon Vale exhibits characteristics of a growth area. According to AreaSearch's latest quarterly estimate, the population is forecasted to gain 348 residents by 2041. Given current construction levels, housing supply should adequately meet demand, creating favourable conditions for buyers while potentially enabling growth that exceeds current forecasts.

Risdon Vale has emerging levels of nearby infrastructure activity, ranking in the 24thth percentile nationally

No changes can significantly influence a region's performance like alterations to local infrastructure, major projects, and planning initiatives. AreaSearch has identified zero projects that are predicted to impact this area. Notable projects include Northern Suburbs Transit Corridor (NSTC), Homes Tasmania Social Housing Program, Brighton to Cambridge Freight Route Study, and Hobart City Deal. The following list details those expected to be most relevant.

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

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Employment conditions in Risdon Vale face significant challenges, ranking among the bottom 10% of areas assessed nationally

Risdon Vale has a balanced workforce spanning white and blue collar employment, with essential services sectors well represented. The unemployment rate is 10.9%, based on AreaSearch aggregation of statistical area data. As of September 2025, there are 1,105 residents in work while the unemployment rate is 6.9% above Greater Hobart's rate of 4.0%.

Workforce participation lags significantly at 44.2%, compared to Greater Hobart's 63.8%. According to Census responses, only 4.6% of residents work from home. Key industries of employment among residents are health care & social assistance, retail trade, and construction. Retail trade is notably concentrated with employment levels at 1.5 times the regional average.

In contrast, professional & technical services employ just 3.0% of local workers, below Greater Hobart's 6.6%. The area appears to offer limited employment opportunities locally, as indicated by the count of Census working population vs resident population. Between September 2024 and September 2025, the labour force decreased by 0.5%, alongside a 1.3% employment decline, causing unemployment to rise by 0.8 percentage points. In contrast, Greater Hobart experienced an employment decline of 0.7% and a labour force decline of 0.9%, with a 0.2 percentage point drop in unemployment. Jobs and Skills Australia's national employment forecasts from May-25 suggest potential future demand within Risdon Vale. National employment is forecast to expand by 6.6% over five years and 13.7% over ten years, but growth rates differ significantly between industry sectors. Applying these projections to Risdon Vale's employment mix suggests local employment should increase by 6.4% over five years and 13.4% over ten years.

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

The suburb of Risdon Vale had a median taxpayer income of $49,530 and an average income of $52,004 in the financial year 2023, according to postcode level ATO data aggregated by AreaSearch. This is lower than the national average, with Greater Hobart having a median income of $54,577 and an average income of $65,190 during the same period. Based on Wage Price Index growth of 9.6% since financial year 2023, estimated incomes for September 2025 would be approximately $54,285 (median) and $56,996 (average). Census data indicates that household, family, and personal incomes in Risdon Vale fall between the 12th and 13th percentiles nationally. In Risdon Vale, 32.8% of the population (1,125 individuals) have incomes within the $800 - $1,499 range, unlike surrounding regions where 32.2% fall within the $1,500 - $2,999 range. Housing affordability pressures are severe in Risdon Vale, with only 81.7% of income remaining after housing costs, ranking at the 11th percentile nationally.

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

Risdon Vale's dwelling structure, as per the latest Census, consisted of 94.1% houses and 5.9% other dwellings. In contrast, Hobart metro had 85.3% houses and 14.7% other dwellings. Home ownership in Risdon Vale was at 22.6%, with mortgaged dwellings at 42.6% and rented ones at 34.8%. The median monthly mortgage repayment was $1,083, below Hobart metro's average of $1,517. The median weekly rent in Risdon Vale was $320, compared to Hobart metro's $350. Nationally, Risdon Vale's mortgage repayments were significantly lower than the Australian average of $1,863, and rents were substantially below the national figure of $375.

Risdon Vale has a typical household mix, with a higher-than-average median household size

Family households constitute 70.0% of all households, including 25.0% couples with children, 21.0% couples without children, and 22.0% single parent families. Non-family households account for the remaining 30.0%, with lone person households at 26.6% and group households comprising 3.2%. The median household size is 2.5 people, larger than the Greater Hobart average of 2.4.

Risdon Vale faces educational challenges, with performance metrics placing it in the bottom quartile of areas assessed nationally

The area's university qualification rate is 11.5%, significantly lower than the SA4 region average of 32.8%. This disparity presents both a challenge and an opportunity for targeted educational initiatives. Bachelor degrees are the most prevalent at 8.4%, followed by postgraduate qualifications at 2.2% and graduate diplomas at 0.9%. Vocational credentials are prominent, with 33.5% of residents aged 15+ holding such qualifications, including advanced diplomas (5.2%) and certificates (28.3%).

Educational participation is high, with 43.5% of residents currently enrolled in formal education. This includes 19.2% in primary education, 11.0% in secondary education, and 3.3% pursuing tertiary education.

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

Risdon Vale has 26 operational public transport stops, all of which are bus services. These stops are served by 67 different routes that collectively facilitate 4583 weekly passenger trips. The area's transport accessibility is rated as excellent, with residents located an average of 122 meters from the nearest stop. Primarily residential, most Risdon Vale residents commute outward using cars (93%), while only 5% use buses. On average, there are 1.3 vehicles per dwelling. According to the 2021 Census, a relatively low 4.6% of residents work from home, which may be influenced by COVID-19 conditions.

Service frequency averages 654 trips daily across all routes, equating to approximately 176 weekly trips per individual stop.

Health performance in Risdon Vale is a key challenge with a range of health conditions having marked impacts on both younger and older age cohorts

Risdon Vale faces significant health challenges, as assessed by AreaSearch through mortality rates and chronic condition prevalence. Multiple health conditions affect both younger and older age groups. Private health cover is low at 48% (~1639 people), compared to Greater Hobart's 51.7% and the national average of 55.7%.

Mental health issues impact 13.7% of residents, while asthma affects 10.6%. Conversely, 60.6% report no medical ailments, compared to Greater Hobart's 65.5%. Working-age individuals face notable health challenges due to high chronic condition rates. The area has 11.2% (384 people) of residents aged 65 and over, lower than Greater Hobart's 19.9%. Health outcomes among seniors align with national rankings.

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

Risdon Vale's cultural diversity was found to be below average. It had 74.3% citizens and 92.3% born in Australia, with 94.9% speaking English only at home. Christianity was the main religion, comprising 34.4%.

The 'Other' category stood at 0.7%, compared to Greater Hobart's 1.1%. Ancestry-wise, the top groups were English (36.4%), Australian (34.4%), and Australian Aboriginal (7.7%). Notably, Polish ancestry was overrepresented at 0.6% in Risdon Vale versus the regional average of 0.8%.

Risdon Vale hosts a young demographic, positioning it in the bottom quartile nationwide

Risdon Vale has a median age of 34 years, which is lower than the Greater Hobart average of 39 years and significantly below the Australian median of 38 years. Compared to Greater Hobart, Risdon Vale has a higher proportion of residents aged 25-34 (21.5%) but fewer residents aged 65-74 (5%). This concentration of 25-34 year-olds is notably higher than the national average of 14.4%. Between the 2021 Census and a recent update, the proportion of residents aged 85+ has increased from 1.2% to 2.4%, while the 25-34 age group has grown from 20.3% to 21.5%. Conversely, the 15-24 age group has decreased from 12.6% to 11.5%. By 2041, demographic projections indicate significant changes in Risdon Vale's age profile. The 45-54 age group is expected to grow by 67%, adding 255 residents and reaching a total of 636. Meanwhile, both the 65-74 and 35-44 age groups are projected to see decreases in numbers.