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 analysis of ABS population updates for the broader area, as of Nov 2025 the estimated population of the suburb of Tranmere (Tas.) is around 2,381. This reflects an increase of 163 people since the 2021 Census, which reported a population of 2,218. The change was inferred from AreaSearch's estimation of the resident population at 2,373 following examination of ABS' latest ERP data release in June 2024, along with an additional 59 validated new addresses since the Census date. This level of population equates to a density ratio of 835 persons per square kilometer, relatively in line with averages seen across locations assessed by AreaSearch. The suburb's growth rate of 7.3% since the 2021 census exceeded both the SA4 region at 4.3% and the metropolitan area, marking it as a growth leader in the region. Overseas migration contributed approximately 69.0% of overall population gains during recent periods.

AreaSearch adopts ABS/Geoscience Australia projections for each SA2 area released in 2024 with 2022 as the base year. For areas not covered, Tasmania State Government's Regional/LGA projections released in 2022 with 2021 as the base year are adopted, adjusted using a method of weighted aggregation of population growth from LGA to SA2 levels. Considering projected demographic shifts, an above median population growth is projected for statistical areas across the nation, with the suburb expected to expand by 407 persons to 2041 based on aggregated SA2-level projections, reflecting an increase of 12.9% 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 shows Tranmere recorded around 16 residential properties granted approval annually over the past five financial years, totalling an estimated 81 homes. So far in FY26, 4 approvals have been recorded. On average, 1.6 new residents per year per dwelling constructed were noted between FY21 and FY25, indicating a balanced supply and demand market with stable conditions. The average construction value of new properties was $586,000, suggesting a focus on the premium segment.

This financial year, $2.9 million in commercial development approvals have been recorded, reflecting the area's primarily residential nature. Compared to Greater Hobart, Tranmere showed elevated construction activity, with 18.0% above the regional average per person over the five-year period. However, recent construction activity has eased.

All developments in the area during this time were detached dwellings, preserving its low-density nature and attracting space-seeking buyers. The estimated population count of 381 people per dwelling approval reflects Tranmere's quiet development environment. Future projections estimate an addition of 307 residents by 2041, with current development rates comfortably meeting demand and potentially supporting growth beyond current population projections.

Tranmere has limited levels of nearby infrastructure activity, ranking in the 15thth percentile nationally

Changes to local infrastructure significantly affect an area's performance. AreaSearch has identified one major project expected to impact this region. Notable projects include the Droughty Peninsula Structure Plan, Hobart City Deal, Greater Hobart Urban Growth Boundary Extension, and Tasmanian Irrigation Schemes: Tranche 3. The following list details those likely to have the most relevance.

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The exceptional employment performance in Tranmere places it among Australia's strongest labour markets

Tranmere has an educated workforce with key services sectors well represented. Its unemployment rate is 0.5%, according to AreaSearch's statistical area data aggregation as of June 2025.

There are 1,323 employed residents, with a 3.6% lower unemployment rate than Greater Hobart's 4.1%. Workforce participation is high at 67.4%, compared to Greater Hobart's 61.6%. Dominant employment sectors include health care & social assistance, public administration & safety, and education & training. Public administration & safety has notable concentration with levels at 1.3 times the regional average.

Conversely, accommodation & food shows lower representation at 4.6% versus the regional average of 8.0%. Limited local employment opportunities are indicated by Census working population vs resident population count. Between Jun-25 and Jul-26, labour force decreased by 1.3%, employment declined by 1.0%, causing unemployment to fall by 0.3 percentage points. By comparison, Greater Hobart recorded employment decline of 1.5% and labour force decline of 1.6%. Jobs and Skills Australia's Sep-22 national employment forecasts project national employment growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Tranmere's employment mix suggests local employment should increase by 6.8% over five years and 13.9% over ten years, based on simple weighting extrapolation for illustrative purposes.

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

Income data from AreaSearch for financial year 2022 shows Tranmere has high incomes nationally. The median income is $67,705 and the average is $82,323. This compares to Greater Hobart's median of $51,272 and average of $63,777. By September 2025, estimated incomes would be approximately $77,069 (median) and $93,708 (average), based on a 13.83% growth in the Wage Price Index since financial year 2022. Census data ranks Tranmere's household, family, and personal incomes highly, between the 82nd and 88th percentiles nationally. The predominant income bracket is $1,500 - 2,999, with 32.0% of locals (761 people) falling into this category, similar to surrounding regions at 32.2%. Tranmere's affluence is evident with 39.3% earning over $3,000 per week, supporting premium retail and services. After housing costs, residents retain 88.1% of their income, indicating strong purchasing power. The area'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

The dwelling structure in Tranmere, as per the latest Census, consisted of 99.1% houses and 0.9% other dwellings such as semi-detached properties, apartments, and 'other' dwellings. In comparison, Hobart metro had 93.4% houses and 6.6% 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 in the area was $2,072, exceeding Hobart metro's average of $1,538. The median weekly rent figure in Tranmere was recorded as $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 constitute 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 account for 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, 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 university qualification rate is 34.5% among residents aged 15+, exceeding both the Tasmanian average of 25.5% and the SA3 area average of 28.9%. Bachelor degrees are the most prevalent at 22.4%, followed by postgraduate qualifications (7.7%) and graduate diplomas (4.4%). Vocational credentials are also common, with 32.3% of residents aged 15+ holding such qualifications, including advanced diplomas (11.6%) and certificates (20.7%).

Educational participation is high, with 28.3% of residents currently enrolled in formal education. This includes 9.7% in primary education, 8.4% in secondary education, and 5.7% pursuing tertiary education. Schools appear to be located outside the immediate catchment boundaries, requiring students to access educational facilities in neighboring areas.

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

Transport analysis indicates 21 operational stops within Tranmere, serving a mix of bus routes. These stops are covered by 30 unique routes, facilitating 3,168 weekly passenger trips in total. Transport accessibility is rated highly, with residents on average situated 138 meters from the nearest stop.

Service frequency averages 452 trips daily across all routes, translating to approximately 150 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 demonstrates above-average health outcomes for both younger and older age cohorts. The prevalence of common health conditions is low.

Approximately 60% of Tranmere's total population (1,423 people) has private health cover, compared to 51.4% across Greater Hobart. The most prevalent medical conditions are arthritis and mental health issues, affecting 9.5% and 7.7% of residents respectively. A total of 67.6% of residents report no medical ailments, compared to 64.2% in Greater Hobart. Tranmere has a lower proportion of seniors aged 65 and over at 19.7% (469 people), compared to 21.8% in Greater Hobart. Health outcomes among seniors are above average, generally aligning with the overall population's health profile.

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

Tranmere had cultural diversity levels below average, with 82.3% of residents born in Australia, 91.0% being citizens, and 89.3% speaking English only at home. Christianity was the dominant religion, comprising 49.3%. Judaism's representation was notably higher than Greater Hobart's average (0.6% vs 0.1%).

The top three ancestry groups were English (31.3%), Australian (28.9%), and Irish (8.5%). Some ethnic groups had notable differences: Polish at 1.3% in Tranmere (vs regional 0.7%), Dutch at 1.7% (vs 1.3%), and Croatian at 0.8% (vs 0.2%).

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

The median age in Tranmere is 44 years, notably higher than Greater Hobart's average of 39 years and also above the Australian median of 38 years. Compared to Greater Hobart, the 45-54 age cohort is significantly over-represented in Tranmere at 15.8%, while the 25-34 age group is under-represented at 8.4%. Between the 2021 Census and now, the 15 to 24 age group has increased from 11.2% to 12.4% of Tranmere's population. Conversely, the 25 to 34 age cohort has decreased from 9.7% to 8.4%. By 2041, demographic forecasts indicate substantial changes in Tranmere's population. The 45-54 age group is projected to grow significantly, increasing by 204 people (54%) from 376 to 581. Meanwhile, the 0 to 4 and 25 to 34 age cohorts are expected to experience population declines.