Taroona

An assessment of population growth drivers in Taroona reveals an overall ranking slightly below national averages considering recent, and medium term trends

Based on analysis of ABS population updates for the broader area, the estimated population of the suburb of Taroona is around 3,161 as of Feb 2026. This reflects an increase of 40 people since the 2021 Census, which reported a population of 3,121 people. The change was inferred from the resident population of 3,097 estimated by AreaSearch following examination of the latest ERP data release by the ABS in June 2024 and an additional 11 validated new addresses since the Census date. This level of population equates to a density ratio of 545 persons per square kilometer. Population growth for the suburb was primarily driven by overseas migration, which was essentially the sole driver of 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 are adopted with adjustments made employing a method of weighted aggregation of population growth from LGA to SA2 levels. Considering the projected demographic shifts, an above median population growth is projected for the suburb, with an expected expansion by 437 persons to 2041 based on aggregated SA2-level projections, reflecting a gain of 11.6% in total over the 17 years.

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

Based on AreaSearch analysis of ABS building approval numbers allocated from statistical area data, Taroona has experienced around 9 dwellings receiving development approval each year over the past 5 financial years, totalling an estimated 46 homes. So far in FY-2025/26, 2 approvals have been recorded. The area has experienced population decline, with housing supply remaining adequate relative to demand, creating a well-balanced market with good buyer choice. New dwellings are developed at an average value of $754,000, indicating developers target the premium market segment with higher-end properties.

This financial year, there have been $4.8 million in commercial approvals, demonstrating Taroona's primarily residential nature. Compared to Greater Hobart, Taroona has around two-thirds the rate of new dwelling approvals per person and places among the 39th percentile of areas assessed nationally, resulting in relatively constrained buyer choice supporting interest in existing properties. This level reflects market maturity and possible development constraints. Recent construction comprises 75.0% detached dwellings and 25.0% medium and high-density housing, preserving the area's low density nature with an emphasis on detached housing attracting space-seeking buyers. This represents a shift from the area's existing housing composition (currently 97.0% houses), indicating decreasing availability of developable sites and reflecting changing lifestyles and demand for more diverse, affordable housing options.

The estimated count of 440 people in the area per dwelling approval reflects its quiet, low activity development environment. Looking ahead, Taroona is expected to grow by 366 residents through to 2041 (from the latest AreaSearch quarterly estimate). Building activity is keeping pace with growth projections, though buyers may experience heightened competition as the population grows.

Taroona has emerging levels of nearby infrastructure activity, ranking in the 23rdth percentile nationally

Changes to local infrastructure significantly impact an area's performance. AreaSearch has identified one major project expected to affect this region: Richardsons Road Residential Development in Sandford. Other notable projects include Southern Outlet Transit Lane and Kingston Bypass Duplication. Additionally, Algona Road Roundabout Upgrade and Droughty Peninsula Structure Plan are also underway.

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

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Employment conditions in Taroona demonstrate exceptional strength compared to most Australian markets

Taroona has a highly educated workforce with professional services well represented. The unemployment rate is 2.2%, as per AreaSearch's statistical area data aggregation. As of September 2025, 1,580 residents are employed at an unemployment rate of 1.8% lower than Greater Hobart's 4.0%.

Workforce participation in Taroona is somewhat below standard at 61.2%, compared to Greater Hobart's 63.8%. A moderate 15.9% of residents work from home, considering Covid-19 lockdown impacts. Leading employment industries are education & training, health care & social assistance, and professional & technical services. Taroona has a particular specialization in education & training, with an employment share 1.8 times the regional level.

Retail trade is under-represented at 5.4% of the workforce compared to Greater Hobart's 9.6%. The area appears to offer limited local employment opportunities, indicated by the count of working population versus resident population. Between September 2024 and September 2025, the labour force decreased by 1.0% while employment declined by 1.1%, keeping the unemployment rate relatively stable at 2.2%. In comparison, Greater Hobart recorded an employment decline of 0.7% and a labour force decline of 0.9%, with unemployment falling by 0.2 percentage points to 3.8%. Jobs and Skills Australia's national employment forecasts from May-25 project national employment growth of 6.6% over five years and 13.7% over ten years, with varying rates across industry sectors. Applying these projections to Taroona's employment mix suggests local employment should increase by 7.0% over five years and 14.4% over ten years, based on a simple weighting extrapolation for illustrative purposes only.

Income levels align closely with national averages, indicating typical economic conditions for Australian communities according to AreaSearch analysis

AreaSearch's latest postcode level ATO data for financial year ending June 2023 indicates Taroona's median income among taxpayers is $54,933. The average income in the suburb is $75,162. Nationally, the median income is $53,800 and the average is $72,000. In Greater Hobart, the median income is $54,577 and the average is $65,190. Based on Wage Price Index growth of 9.6% since June 2023, estimated median and average incomes for Taroona as of September 2025 would be approximately $60,207 and $82,378 respectively. According to the 2021 Census, household, family, and personal incomes in Taroona are at the 58th percentile nationally. The largest income bracket comprises 33.1% of residents earning between $1,500 and $2,999 weekly (1,046 residents). This is similar to regional levels where 32.2% fall into this range. After housing costs, Taroona residents retain 89.3% of their income on average, reflecting strong purchasing power. The suburb's SEIFA income ranking places it in the 8th decile.

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

Taroona's dwelling structures in its latest Census comprised 96.8% houses and 3.2% other dwellings (semi-detached, apartments, 'other' dwellings), compared to Hobart metro's 85.3% houses and 14.7% other dwellings. Home ownership in Taroona stood at 51.4%, with mortgaged dwellings at 33.2% and rented ones at 15.3%. The median monthly mortgage repayment was $1,733, higher than Hobart metro's average of $1,517. Median weekly rent in Taroona was $420, compared to Hobart metro's $350. Nationally, Taroona's mortgage repayments were lower at $1,733 versus Australia's average of $1,863, while rents were substantially higher at $420 against the national figure of $375.

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

Family households constitute 72.1% of all households, including 31.5% couples with children, 30.1% couples without children, and 9.9% single parent families. Non-family households account for the remaining 27.9%, with lone person households at 24.7% and group households comprising 2.6%. The median household size is 2.5 people, larger than the Greater Hobart average of 2.4.

Taroona shows strong educational performance, ranking in the upper quartile nationally when assessed across multiple qualification and achievement indicators

Taroona's educational attainment is notably high with 55.8% of residents aged 15+ possessing university qualifications, surpassing Tasmania's state average of 25.5% and Australia's national average of 30.4%. Bachelor degrees are the most prevalent at 32.3%, followed by postgraduate qualifications at 16.5% and graduate diplomas at 7.0%. Vocational pathways account for 19.1% of qualifications, with advanced diplomas at 9.1% and certificates at 10.0%. Educational participation is high in the area, with 30.5% of residents currently enrolled in formal education.

This includes 10.2% in secondary education, 8.7% in primary education, and 6.9% pursuing tertiary education.

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

Taroona has 23 active public transport stops, all providing bus services. These stops are served by 49 different routes, offering a total of 4,074 weekly passenger trips. The average distance to the nearest stop for residents is 195 meters, indicating excellent transport accessibility. Most residents commute outwards due to Taroona's residential nature. Cars are the primary mode of transportation at 78%, with buses used by 11% and cycling by 6%. On average, there are 1.4 vehicles per dwelling.

According to the 2021 Census, 15.9% of residents work from home, which may be influenced by COVID-19 conditions. Across all routes, service frequency averages 582 trips per day, equating to approximately 177 weekly trips per stop.

Taroona's residents are extremely healthy with both young and old age cohorts seeing low prevalence of common health conditions

Analysis of health metrics shows strong performance throughout Taroona. Mortality rates and chronic condition prevalence were low across both young and old age cohorts.

Private health cover was found to be very high at approximately 57% of the total population (~1,799 people), compared to 51.7% across Greater Hobart. The most common medical conditions in the area were arthritis and mental health issues, impacting 10.6 and 10.0% of residents respectively. 65.5% of residents declared themselves completely clear of medical ailments, similar to the 65.5% figure across Greater Hobart. Health outcomes among the working-age population are broadly typical. The area has 23.0% of residents aged 65 and over (727 people), higher than the 19.9% in Greater Hobart. Health outcomes among seniors are particularly strong, with national rankings even higher than those of the general population.

The level of cultural diversity witnessed in Taroona was found to be slightly above average when compared nationally for a number of language and cultural background related metrics

Taroona's population showed higher than average cultural diversity, with 11.8% speaking a language other than English at home and 25.1% born overseas. Christianity was the predominant religion, accounting for 30.2%. Buddhism's representation was slightly higher in Taroona at 1.6%, compared to Greater Hobart's 1.4%.

The top three ancestral groups were English (32.1%), Australian (23.1%), and Scottish (10.2%). Notably, Welsh (1.2%) Dutch (1.9%) and Irish (10.0%) ethnicities had higher representations in Taroona compared to regional averages of 0.5%, 1.5% and 8.0% respectively.

Taroona hosts an older demographic, ranking in the top quartile nationwide

Taroona's median age is 46 years, which is significantly higher than Greater Hobart's average of 39 years and Australia's median age of 38 years. The age profile indicates that those aged 55-64 are particularly prominent, making up 14.8% of the population, while those aged 25-34 constitute only 8.2%, which is smaller than in Greater Hobart. Between 2021 and present, the percentage of those aged 75 to 84 has increased from 6.3% to 8.4%, while the 15 to 24 age group has risen from 12.6% to 13.9%. Conversely, the 65 to 74 age group has decreased from 13.7% to 11.7%, and the 45 to 54 age group has dropped from 15.3% to 14.0%. Population forecasts for the year 2041 suggest substantial demographic shifts in Taroona, with the 45 to 54 cohort projected to grow by 49%, adding 217 residents to reach a total of 660. In contrast, population declines are anticipated for those aged 65 to 74 and 35 to 44 years old.