Tranmere (Tas.)

Tranmere lies within the top quartile of areas nationally for population growth performance according to AreaSearch analysis of recent, and medium to long-term trends

Based on ABS population updates for the broader area, and new addresses validated by AreaSearch, the suburb of Tranmere (Tas.) had an estimated population of around 2,707 as of Feb 2026. This reflects an increase of 489 people (22.0%) since the 2021 Census, which reported a population of 2,218 people. The change is inferred from the resident population of 2,690 estimated by AreaSearch following examination of the latest ERP data release by the ABS in June 2024 and an additional 75 validated new addresses since the Census date. This level of population equates to a density ratio of 949 persons per square kilometer, which is relatively in line with averages seen across locations assessed by AreaSearch. The suburb's 22.0% growth since the 2021 census exceeded the SA4 region (4.9%), along with Greater Hobart, marking it as a growth leader in the region. Population growth for the area was primarily driven by overseas migration that contributed approximately 69.0% of overall population gains during recent periods.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, 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. Anticipating future population dynamics, an above median population growth is projected for the suburb, with an expected expansion by 453 persons to 2041 based on aggregated SA2-level projections, reflecting a gain of 1.0% in total over the 17 years.

Residential development activity is lower than average in Tranmere according to AreaSearch's national comparison of local real estate markets

AreaSearch analysis of ABS building approval numbers, allocated from statistical area data, indicates that Tranmere has seen around 17 new homes approved annually. Between FY-21 and FY-25, approximately 89 homes were approved, with a further 8 approved so far in FY-26. Over the past five financial years, an average of 1.5 new residents per year arrived per new home, suggesting balanced supply and demand conditions.

The average value of new homes being built is $586,000, indicating a focus on the premium market with high-end developments. This financial year has seen $3.7 million in commercial development approvals, reflecting the area's residential character. Compared to Greater Hobart, Tranmere shows moderately higher construction activity, with 29.0% above the regional average per person over the five-year period between FY-21 and FY-25.

This balance supports buyer choice while maintaining current property values, though building activity has slowed in recent years. All development during this period comprised standalone homes, preserving Tranmere's traditional low-density character with a focus on family homes. The estimated count of 416 people per dwelling approval reflects the area's quiet, low-activity development environment. According to AreaSearch's latest quarterly estimate, Tranmere is expected to grow by 28 residents through to 2041. With current construction levels, housing supply should adequately meet demand, creating favourable conditions for buyers and potentially enabling growth that exceeds current forecasts.

Tranmere has limited levels of nearby infrastructure activity, ranking in the 19thth percentile nationally

Changes to local infrastructure significantly impact an area's performance. AreaSearch identified one major project likely affecting this region. Key projects are Droughty Peninsula Structure Plan, Hobart City Deal, Greater Hobart Urban Growth Boundary Extension, and Tasmanian Irrigation Schemes: Tranche 3. Below is a list of 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.

AreaSearch analysis of employment trends sees Tranmere performing better than 90% of local markets assessed across Australia

Tranmere has an educated workforce with significant representation in essential services sectors. Its unemployment rate is 0.5%, lower than Greater Hobart's 4.0%. Employment stability was maintained over the past year.

As of September 2025, 1,322 residents are employed, with an unemployment rate of 3.6% below Greater Hobart's. Workforce participation in Tranmere is 58.1%, compared to Greater Hobart's 63.8%. Census data shows that 11.6% of residents work from home. Employment is concentrated in health care & social assistance, public administration & safety, and education & training.

Public administration & safety has a strong representation at 1.3 times the regional level, while accommodation & food services are lower at 4.6%. The area offers limited local employment opportunities. Over the past year, labour force decreased by 0.6% and employment declined by 0.2%, reducing unemployment by 0.4 percentage points. National employment forecasts from May-25 suggest Tranmere's employment should increase by 6.8% over five years and 13.9% over ten years.

The economic profile demonstrates exceptional strength, placing the area among the top 10% nationally based on comprehensive AreaSearch income analysis

The suburb of Tranmere has an exceptionally high national income level according to recent Australian Taxation Office data compiled by AreaSearch for the financial year ended June 2023. The median income among Tranmere taxpayers stands at $67,705, with an average income of $82,323. These figures contrast with those for Greater Hobart, which are $54,577 and $65,190 respectively. Based on a 9.6% increase in wages since the financial year ended June 2023, current estimates project median incomes to be approximately $74,205 and average incomes to reach around $90,226 by September 2025. Data from the 2021 Census indicates that Tranmere's household, family, and personal incomes rank highly nationally, falling between the 82nd and 88th percentiles. The earnings profile shows that 32.0% of Tranmere residents (866 individuals) earn within the $1,500 - $2,999 weekly bracket, closely mirroring the metropolitan region's figure of 32.2%. Notably, 39.3% of Tranmere residents earn above $3,000 weekly, reflecting areas of prosperity that stimulate local economic activity. After accounting for housing costs, residents retain 88.1% of their income, indicating strong purchasing power and the suburb's SEIFA income ranking places it in the 8th decile.

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

Tranmere's dwelling structure, as per the latest Census, consisted of 99.1% houses and 0.9% other dwellings (semi-detached, apartments, 'other' dwellings), compared to Hobart metro's 85.3% houses and 14.7% other dwellings. Home ownership in Tranmere stood at 41.1%, with mortgaged dwellings at 47.2% and rented ones at 11.7%. The median monthly mortgage repayment was $2,072, higher than Hobart metro's average of $1,517. Median weekly rent in Tranmere was $550, compared to Hobart metro's $350. Nationally, Tranmere's mortgage repayments were significantly higher than the Australian average of $1,863, while rents were substantially above the national figure of $375.

Tranmere features high concentrations of family households, with a higher-than-average median household size

Family households account for 81.3% of all households, including 38.1% couples with children, 35.9% couples without children, and 7.6% single parent families. Non-family households constitute the remaining 18.7%, with lone person households at 16.7% and group households comprising 1.8%. The median household size is 2.7 people, which is larger than the Greater Hobart average of 2.4.

Tranmere demonstrates exceptional educational outcomes, ranking among the top 5% of areas nationally based on AreaSearch's comprehensive analysis of qualification and performance metrics

The area's educational profile is notable regionally, with university qualification rates at 34.5% of residents aged 15+, surpassing the Tasmania average of 25.5% and the SA3 area average of 28.9%. Bachelor degrees are most prevalent at 22.4%, followed by postgraduate qualifications (7.7%) and graduate diplomas (4.4%). Vocational credentials are also prominent, with 32.3% of residents aged 15+ holding such qualifications – advanced diplomas account for 11.6% while certificates make up 20.7%.

Educational participation is high at 28.3%, including primary education (9.7%), secondary education (8.4%), and tertiary education (5.7%).

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

Tranmere has 21 active public transport stops operating, all of which are bus stops. These stops are served by 69 individual routes that collectively facilitate 4577 weekly passenger trips. The area's transport accessibility is rated as excellent, with residents typically located 138 meters from the nearest transport stop. Most residents commute outward due to its primarily residential nature. Cars remain the dominant mode of transport at 91%, while buses account for 7%. Vehicle ownership averages 1.8 per dwelling, which is above the regional average.

According to the 2021 Census, only 11.6% of residents work from home, a figure that may reflect COVID-19 conditions. Service frequency across all routes averages 653 trips per day, equating to approximately 217 weekly trips per individual stop.

The level of general health in Tranmere is notably higher than the national average with both young and old age cohorts seeing low prevalence of common health conditions

Tranmere exhibits superior health outcomes, as determined by AreaSearch's evaluation of mortality rates and chronic condition prevalence. Both young and elderly cohorts display low prevalence of common health conditions.

Private health coverage is exceptionally high at approximately 60% of the total population (1,618 people), compared to Greater Hobart's 51.7%. The most prevalent medical conditions are arthritis and mental health issues, affecting 9.5 and 7.7% of residents respectively. 67.6% of residents report being completely free from medical ailments, compared to 65.5% across Greater Hobart. Under-65s demonstrate better than average health outcomes. The area has 20.3% of residents aged 65 and over (549 people). Health outcomes among seniors are above average, aligning with national rankings for the general population.

Tranmere ranks below the Australian average when compared to other local markets across a number of language and cultural background related metrics

Tranmere's cultural diversity was found to be below average. Its population comprised 82.3% born in Australia, 91.0% who were citizens, and 89.3% speaking English only at home. Christianity was the predominant religion, with 49.3% of people in Tranmere practicing it.

However, Judaism was notably overrepresented at 0.6%, compared to 0.1% across Greater Hobart. The top three ancestry groups were English (31.3%), Australian (28.9%), and Irish (8.5%). Some other ethnic groups showed notable differences: Polish was overrepresented at 1.3% in Tranmere (vs 0.8% regionally), Dutch at 1.7% (vs 1.5%), and Croatian at 0.8% (vs 0.2%).

Tranmere hosts a notably older demographic compared to the national average

The median age in Tranmere is 44 years, which exceeds Greater Hobart's average of 39 years and is also above the Australian median of 38 years. Compared to Greater Hobart, Tranmere has a notably higher proportion of people aged 45-54 (15.9%) but fewer people aged 25-34 (7.9%). Between the 2021 Census and present, the population aged 15-24 increased from 11.2% to 12.6%, while those aged 75-84 rose from 6.0% to 7.3%. Conversely, the proportion of people aged 25-34 decreased from 9.7% to 7.9%, and those aged 65-74 dropped from 11.4% to 10.3%. By 2041, population forecasts indicate significant demographic changes in Tranmere. The 45-54 age group is projected to expand by 162 people (38%), growing from 430 to 593 individuals. Meanwhile, the 75-84 and 15-24 age cohorts are expected to experience population declines.