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 and AreaSearch validation, the estimated population of the suburb of Tranmere (Tas.) was around 2,730 as of May 2026. This figure reflects an increase of 512 people since the 2021 Census, which recorded a population of 2,218. The change is inferred from AreaSearch's estimated resident population of 2,715 in June 2025 and additional validated new addresses since the Census date. This results in a population density ratio of 957 persons per square kilometer, in line with averages seen across locations assessed by AreaSearch. Tranmere's growth of 23.1% since the 2021 Census exceeded the SA4 region (3.9%) and Greater Hobart, marking it as a growth leader. 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 a base year of 2022. For areas not covered by this data and post-2032 growth estimates, Tasmania State Government's Regional/LGA projections are adopted with adjustments made using weighted aggregation methods from LGA to SA2 levels. Considering projected demographic shifts, an above median population growth is expected for statistical areas across the nation, with Tranmere projected to expand by 623 persons to 2041 based on aggregated SA2-level projections, reflecting a total increase of 22.3% over the 16-year period.

Recent residential development output has been above average within Tranmere when compared nationally

AreaSearch analysis of ABS building approval numbers shows Tranmere recorded around 18 residential properties granted approval annually over the past five financial years, totalling an estimated 94 homes. So far in FY-26, 11 approvals have been recorded. On average, 6.8 new residents per year were associated with each home built between FY-21 and FY-25. This indicates supply is lagging demand, likely leading to increased buyer competition and pricing pressures.

The average construction value of new properties was $586,000, suggesting a focus on the premium segment. In FY-26, $3.7 million in commercial development approvals have been recorded, reflecting Tranmere's primarily residential nature. Compared to Greater Hobart, Tranmere's construction activity is 34.0% higher per person over the past five years.

However, recent construction activity has eased. All approved developments since FY-21 were detached dwellings, maintaining the area's low density character and attracting space-seeking buyers. There are approximately 328 people per dwelling approval in Tranmere, indicating potential for growth. According to AreaSearch's latest quarterly estimate, Tranmere is projected to add 608 residents by 2041. Development pace appears reasonable given projected growth, but increasing competition may arise as the population expands.

Tranmere has limited levels of nearby infrastructure activity, ranking in the 18thth percentile nationally

Changes to local infrastructure significantly influence an area's performance. AreaSearch identified one major project likely impacting the area. Key projects include Droughty Peninsula Structure Plan, Hobart City Deal, Greater Hobart Urban Growth Boundary Extension, and Tasmanian Irrigation Schemes: Tranche 3. The following list details those most relevant.

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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 0.6%, showing a 4.5% employment growth over the past year according to AreaSearch data aggregation. As of December 2025, 1,603 residents are employed while the unemployment rate is 3.5% lower than Greater Hobart's rate of 4.0%.

Workforce participation in Tranmere is high at 70.3%, compared to Greater Hobart's 63.7%. Only 11.6% of residents work from home, potentially influenced by Covid-19 lockdowns. Dominant employment sectors include health care & social assistance, public administration & safety, and education & training. Public administration & safety stands out with employment levels at 1.3 times the regional average, while accommodation & food services show lower representation at 4.6% compared to the regional average of 8.0%.

The area's limited local employment opportunities are evident in its Census working population versus resident population count. Over a 12-month period ending in May-25, employment increased by 4.5% and labour force by 4.2%, reducing unemployment by 0.3 percentage points. In comparison, Greater Hobart saw employment growth of 0.1%, labour force decline of 0.1%, and unemployment falling by 0.2 percentage points. National employment forecasts from Jobs and Skills Australia project a 6.6% increase over five years and 13.7% over ten years. Applying these projections to Tranmere's employment mix suggests local employment should grow by 6.8% in five years and 13.9% in ten years, though these are simple extrapolations for illustrative purposes only.

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

AreaSearch's latest postcode level ATO data for financial year 2023 shows that income in Tranmere is high nationally. The median income is $67,705 and the average income is $82,323. This contrasts with Greater Hobart's median income of $54,577 and average income of $65,190. Based on Wage Price Index growth since financial year 2023, current estimates for Tranmere are approximately $75,119 (median) and $91,337 (average) as of March 2026. Census data reveals that incomes in Tranmere rank highly nationally, between the 82nd and 88th percentiles for households, families, and individuals. Income brackets indicate that 32.0% of locals (873 people) fall into the $1,500 - 2,999 category, similar to the surrounding region where 32.2% occupy this range. This suburb demonstrates affluence with 39.3% earning over $3,000 per week. After housing costs, residents retain 88.1% of their income, reflecting 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

Tranmere's dwelling structure, as per the latest Census, consisted of 99.1% houses and 0.9% other dwellings (semi-detached, apartments, 'other' dwellings). This compares to Hobart metro's 85.3% houses and 14.7% other dwellings. Home ownership in Tranmere stood at 41.1%, with the rest being mortgaged (47.2%) or rented (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 at $2,072 vs the Australian average of $1,863, and rents were substantially above the national figure of $375 at $550.

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 university qualification rates are notably high regionally at 34.5%, surpassing both the TAS 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 at 7.7% and graduate diplomas at 4.4%. Vocational credentials are also prominent, with 32.3% of residents aged 15+ holding such qualifications, including advanced diplomas (11.6%) and certificates (20.7%).

Educational participation is significantly 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.

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, all of which are bus stops. These stops are served by 69 different routes that together facilitate 4,577 weekly passenger trips. The area's transport accessibility is rated excellent, with residents located an average of 138 meters from the nearest stop. Most residents commute outward due to Tranmere being primarily residential. Cars remain the dominant mode of transportation at 91%, while buses account for 7%. On average, there are 1.8 vehicles per dwelling, higher than the regional average.

According to the 2021 Census, only 11.6% of residents work from home, which may be due to COVID-19 conditions. The service frequency averages 653 trips per day across all routes, 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 shows higher-than-average health outcomes based on AreaSearch's assessment using mortality rates and chronic condition prevalence. Both younger and older age groups have low prevalence of common health conditions.

Private health cover is exceptionally high at approximately 60% of the total population (1,631 people), compared to 51.7% across Greater Hobart. 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. Health outcomes for the under-65 population are better than average. The area has 20.7% of residents aged 65 and over (565 people). Health outcomes among seniors are above average, with national rankings broadly in line with 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. As of the 2016 Census, 82.3% of its population were born in Australia, with 91.0% being Australian citizens and 89.3% speaking English only at home. Christianity was the predominant religion, comprising 49.3% of Tranmere's population.

However, Judaism was notably overrepresented, making up 0.6% compared to the Greater Hobart average of 0.1%. In terms of ancestry, the top three groups were English (31.3%), Australian (28.9%), and Irish (8.5%). Some ethnic groups showed notable differences: Polish (1.3% vs regional 0.8%), Dutch (1.7% vs 1.5%), and Croatian (0.8% vs 0.2%) were overrepresented in Tranmere compared to Greater Hobart.

Tranmere hosts a notably older demographic compared to the national average

The median age in Tranmere is 44 years, which is 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 group is significantly over-represented in Tranmere at 15.4%, while the 25-34 age group is under-represented at 8.1%. Between the 2021 Census and the latest data, the population of those aged 85 years and above has grown from 1.5% to 3.0%, and the 75-84 age group has increased from 6.0% to 7.4%. Conversely, the 25-34 age group has decreased from 9.7% to 8.1%, and the 65-74 age group has dropped from 11.4% to 10.3%. Population forecasts for Tranmere indicate significant demographic changes by 2041, with the 45-54 age cohort projected to grow substantially, increasing by 277 people (66%) from 420 to 698. Meanwhile, the 35-44 age cohort is projected to decline by 75 people.