Taroona

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

The estimated population of the suburb of Taroona is 3,112 as of May 2026. This figure represents a decrease of 9 people from the 2021 Census count of 3,121. AreaSearch's analysis of latest ERP data release by ABS (June 2025) and validated new addresses since the Census date indicate this estimate. The population density is 536 persons per square kilometer. Overseas migration was the primary driver of recent population growth in Taroona.

AreaSearch uses ABS/Geoscience Australia projections for SA2 areas, released in 2024 with a base year of 2022. For areas not covered by this data and post-2032 estimates, Tasmania State Government's Regional/LGA projections are adopted, released in 2022 with a base year of 2021. Based on these projections, Taroona is expected to have an above median population growth, increasing by 419 persons to reach 3,531 by 2041, a gain of 13.5% over the 16-year period.

AreaSearch assessment of residential development drivers sees a low level of activity in Taroona, placing the area among the bottom 25% of areas assessed nationally

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 ending June 2021. This totals an estimated 46 homes. So far in FY-26 (July 2021 to June 2022), 2 approvals have been recorded. Despite population decline, housing supply has remained adequate relative to demand, creating a well-balanced market with good buyer choice.

New dwellings are developed at an average expected construction cost value of $754,000, indicating developers target the premium market segment with higher-end properties. This financial year has seen $4.8 million in commercial approvals, demonstrating Taroona's primarily residential nature. Compared to Greater Hobart, Taroona has around three-quarters 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. Recent construction comprises 75.0% detached dwellings and 25.0% medium and high-density housing, preserving Taroona's low density nature while indicating decreasing availability of developable sites and changing lifestyles seeking more diverse, affordable housing options. The estimated count of 442 people in the area per dwelling approval reflects its quiet, low activity development environment.

Looking ahead, Taroona is expected to grow by 419 residents through to 2041 according to the latest AreaSearch quarterly estimate (as of June 2022). At current development rates, housing supply may struggle to match population growth, potentially heightening buyer competition and supporting price increases.

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

The performance of an area can significantly influenced by changes in local infrastructure, major projects, and planning initiatives. AreaSearch has identified a single project that is expected to impact this particular area. Notable projects include Richardsons Road Residential Development in Sandford, Southern Outlet Transit Lane, Kingston Bypass Duplication, Algona Road Roundabout Upgrade, and the Droughty Peninsula Structure Plan, with the following list focusing on 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 conditions in Taroona demonstrate exceptional strength compared to most Australian markets

Taroona has a highly educated workforce with professional services well represented. Its unemployment rate is 2.1%. Over the past year, it maintained relative employment stability.

As of December 2025, 1,596 residents are employed, with an unemployment rate of 1.9% lower than Greater Hobart's 4.0%. Workforce participation in Taroona is 60.9%, compared to Greater Hobart's 63.7%. According to Census responses, 15.9% of residents work from home. Leading employment industries are education & training, health care & social assistance, and professional & technical services.

Education & training has a particularly high share at 1.8 times the regional level. Retail trade is under-represented with only 5.4% of Taroona's workforce compared to Greater Hobart's 9.6%. The area may offer limited local employment opportunities as indicated by the ratio of Census working population to resident population. Between December 2024 and December 2025, the labour force decreased by 0.1% while employment declined by 0.1%, keeping unemployment relatively stable at 2.1%. In Greater Hobart, employment grew by 0.1%, labour force declined by 0.1%, with unemployment falling to 3.8%. Jobs and Skills Australia's national employment forecasts from May-25 project a 6.6% increase over five years and 13.7% over ten years. Applying these projections to Taroona's employment mix suggests local employment could increase by 7.0% over five years and 14.4% over ten years, though these are simple extrapolations for illustrative purposes only.

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

AreaSearch released postcode-level ATO data for financial year ending June 2023. Taroona's median income among taxpayers was $54,933 with an average of $75,162. Nationally, the median income is lower at $50,546 and the average is $78,980. In Greater Hobart, the median is $54,577 and the average is $65,190. Based on Wage Price Index growth of 10.95% since June 2023, estimated current incomes for Taroona would be approximately $60,948 (median) and $83,392 (average) as of March 2026. According to the 2021 Census, incomes in Taroona cluster around the 58th percentile nationally. The largest income bracket comprises 33.1% earning between $1,500 and $2,999 weekly, with 1,030 residents falling into this category. This pattern is similar to regional levels where 32.2% occupy this range. After housing costs, Taroona residents retain 89.3% of their income, indicating strong purchasing power. The area'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 structure, as per the latest Census, consisted of 96.8% houses and 3.2% other dwellings (semi-detached, apartments, 'other' dwellings), contrasting with Hobart metro's 85.3% houses and 14.7% other dwellings. Home ownership in Taroona stood at 51.4%, with mortgaged properties at 33.2% and rented dwellings 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 than the Australian average of $1,863, while rents were higher at $420 versus the national figure of $375.

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

Family households account for 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 make up the remaining 27.9%, with lone person households at 24.7% and group households comprising 2.6% of the total. The median household size is 2.5 people, which is 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 significantly exceeds broader benchmarks. 55.8% of residents aged 15+ have university qualifications, compared to 25.5% in Tasmania (TAS) and 30.4% nationally. Bachelor degrees are the most common 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, 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

Transport analysis shows 23 operational stops within Taroona, offering mixed bus services. These stops facilitate 49 routes, serving 4074 weekly passenger trips. Transport accessibility is rated excellent, with residents typically residing 195 meters from the nearest stop. Primarily residential, most residents commute outward using cars (78%), followed by buses (11%) and cycling (6%). Average vehicle ownership stands at 1.4 per dwelling. According to the 2021 Census, 15.9% of residents work from home, possibly due to COVID-19 conditions.

Daily service frequency averages 582 trips across all routes, equating to approximately 177 weekly trips per individual 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 (~1,771 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% rate across Greater Hobart. Health outcomes among the working-age population are typical. The area has 24.6% of residents aged 65 and over (765 people), higher than the 20.0% in Greater Hobart. Health outcomes among seniors are particularly strong, with national rankings even higher than 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 shows above-average cultural diversity, with 11.8% speaking a language other than English at home and 25.1% born overseas. Christianity is the predominant religion in Taroona, accounting for 30.2%. Buddhism, at 1.6%, is slightly overrepresented compared to Greater Hobart's 1.4%.

The top three ancestry groups are English (32.1%), Australian (23.1%), and Scottish (10.2%). Notably, Welsh (1.2% vs regional 0.5%), Dutch (1.9% vs 1.5%), and Irish (10.0% vs 8.0%) ethnicities are overrepresented in Taroona compared to the region.

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

Taroona's median age is 47, which is higher than Greater Hobart's figure of 39 and also above the national average of 38. The most prominent age group in Taroona is 55-64 years (15.0%), while the 25-34 group is relatively smaller at 8.1%. Between the 2021 Census and the present, the 75 to 84 age group has increased from 6.3% to 9.2%, and the 15 to 24 cohort has risen from 12.6% to 13.8%. Conversely, the 45 to 54 cohort has decreased from 15.3% to 13.8%, and the 0 to 4 group has dropped from 3.9% to 2.6%. By 2041, demographic projections indicate significant shifts in Taroona's age structure. Notably, the 45 to 54 group is projected to grow by 52% (222 people), reaching 652 from 429. Conversely, population declines are projected for the 65 to 74 and 35 to 44 cohorts.