Ulverstone

Ulverstone is positioned among the lower quartile of areas assessed nationally for population growth based on AreaSearch's assessment of recent, and medium term trends

Based on analysis of ABS population updates for the broader area, and new addresses validated by AreaSearch, the suburb of Ulverstone's population is estimated at around 6,712 as of Feb 2026. This reflects an increase of 59 people (0.9%) since the 2021 Census, which reported a population of 6,653 people. The change is inferred from the resident population of 6,683, estimated by AreaSearch following examination of the latest ERP data release by the ABS in June 2024 and an additional 159 validated new addresses since the Census date. This level of population equates to a density ratio of 402 persons per square kilometer, providing significant space per person and potential room for further development. Population growth for the suburb was primarily driven by overseas migration during recent periods.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, as released in 2024 with a base year of 2022. For areas not covered by this data and to estimate growth by age group post-2032, 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. Looking at population projections moving forward, over the period until 2041, projections indicate an overall decline in population for the suburb, with the area's population expected to shrink by 320 persons according to this methodology. However, growth across specific age cohorts is anticipated, led by the 75 to 84 age group, which is projected to expand by 306 people.

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

AreaSearch analysis of ABS building approval numbers allocated from statistical area data shows Ulverstone averaged around 22 new dwelling approvals per year over the past five financial years, totalling an estimated 113 homes. As of FY-26, 22 approvals have been recorded. Despite population decline, housing supply has remained adequate relative to demand, indicating a well-balanced market with good buyer choice. New properties are constructed at an average value of $390,000, suggesting developers focus on the premium market with high-end developments.

This financial year has seen $9.5 million in commercial approvals, implying balanced commercial development activity. Compared to Rest of Tas., Ulverstone shows 15.0% lower construction activity per person but ranks among the 65th percentile nationally, though recent activity has intensified. However, it remains below the national average, suggesting established nature and potential planning limitations. Recent development has consisted entirely of standalone homes, preserving low density nature with detached housing attracting space-seeking buyers.

The area has approximately 216 people per dwelling approval, confirming a low-density market. With population projections indicating stability or decline, Ulverstone should experience reduced housing demand pressures, benefiting potential buyers.

Ulverstone has moderate levels of nearby infrastructure activity, ranking in the 45thth percentile nationally

Changes in local infrastructure significantly impact an area's performance. AreaSearch has identified seven projects likely affecting the region. Notable projects include Ulverstone Rise (Trevor Street Subdivision), Wet Electrostatic Scrubber Precipitator installation at Ulverstone Rise, and Jernej Way Residential Subdivision. The following list details 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.

The employment landscape in Ulverstone shows performance that lags behind national averages across key labour market indicators

Ulverstone has a balanced workforce with both white and blue collar jobs. Essential services sectors are well represented in the area. The unemployment rate was 4.3% as of an unspecified date, with an estimated employment growth of 6.6% over the past year based on AreaSearch data aggregation.

As of September 2025, there were 2,903 residents employed, and the unemployment rate was 0.5% higher than Rest of Tas.'s rate of 3.8%. Workforce participation in Ulverstone was lower at 53.3%, compared to Rest of Tas.'s 58.6%. According to Census responses, only 5.7% of residents worked from home.

The dominant employment sectors were health care & social assistance, retail trade, and construction, while agriculture, forestry & fishing employed just 4.5% of local workers, below the Rest of Tas.'s rate of 8.4%. Over the year to September 2025, employment increased by 6.6%, and labour force increased by 5.5%, causing the unemployment rate to fall by 1 percentage point. In contrast, Rest of Tas. experienced slower growth in employment (0.7%) and labour force (0.5%), with a smaller drop in unemployment rate (0.2 percentage points). National employment forecasts from Jobs and Skills Australia for May-25 project national employment growth of 6.6% over five years and 13.7% over ten years, but growth rates vary significantly between industry sectors. Applying these projections to Ulverstone's employment mix suggests local employment should increase by 6.1% over five years and 13.1% over ten years.

Income metrics place the area in the bottom 10% of locations nationally according to AreaSearch analysis

Ulverstone's income level is lower than average nationally, according to latest ATO data aggregated by AreaSearch for financial year 2023. Ulverstone's median income among taxpayers was $48,418 and the average income stood at $57,632. These figures compare to Rest of Tas.'s median of $49,689 and average of $59,358 respectively. Based on Wage Price Index growth of 9.6% since financial year 2023, current estimates for Ulverstone are approximately $53,066 (median) and $63,165 (average) as of September 2025. According to 2021 Census figures, incomes in Ulverstone fall between the 3rd and 11th percentiles nationally. Distribution data shows that 34.1% of Ulverstone's community earns between $400 - 799 per week (2,288 individuals), differing from surrounding regions where earnings primarily fall within the $1,500 - 2,999 band at 28.5%. With 41.8% earning under $800 weekly, Ulverstone faces income constraints affecting local spending patterns. After housing costs, 86.3% of income remains in Ulverstone, ranking at the 6th percentile nationally.

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

Ulverstone's dwelling structure, as per the latest Census, consisted of 85.1% houses and 14.8% other dwellings (semi-detached, apartments, 'other' dwellings). This compares to Non-Metro Tas.'s 89.9% houses and 10.1% other dwellings. Home ownership in Ulverstone stood at 44.9%, with mortgaged dwellings at 27.9% and rented dwellings at 27.2%. The median monthly mortgage repayment was $1,100, below Non-Metro Tas.'s average of $1,274. Median weekly rent in Ulverstone was $250, matching Non-Metro Tas.'s figure but significantly lower than the national average of $375. Nationally, Ulverstone's median monthly mortgage repayment was substantially below the Australian average of $1,863.

Ulverstone features high concentrations of lone person households, with a lower-than-average median household size

Family households constitute 61.7 percent of all households, including 19.9 percent couples with children, 28.5 percent couples without children, and 12.1 percent single parent families. Non-family households account for the remaining 38.3 percent, with lone person households at 36.6 percent and group households comprising 1.9 percent of the total. The median household size is 2.1 people, which is smaller than the Rest of Tas. average of 2.3.

Ulverstone faces educational challenges, with performance metrics placing it in the bottom quartile of areas assessed nationally

The area's university qualification rate is 14.8%, significantly lower than the Australian average of 30.4%. This presents both a challenge and an opportunity for targeted educational initiatives. Bachelor degrees are the most prevalent at 10.7%, followed by postgraduate qualifications (2.2%) and graduate diplomas (1.9%). Trade and technical skills are prominent, with 38.6% of residents aged 15+ holding vocational credentials - advanced diplomas (8.9%) and certificates (29.7%).

A substantial 24.3% of the population is actively pursuing formal education, including 9.8% in primary education, 7.2% in secondary education, and 2.5% in tertiary education.

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

The analysis of public transport in Ulverstone shows two active transport stops currently operating. These stops offer a mix of bus services, with seven individual routes collectively providing 504 weekly passenger trips. The accessibility of these transport services is rated as limited, with residents typically located 1055 meters from the nearest stop. As primarily residential area, most residents commute outward. Car remains the dominant mode of transport at 93%, while walking accounts for 4%. Vehicle ownership averages 1.3 per dwelling, which is below the regional average.

According to the 2021 Census, a relatively low 5.7% of residents work from home, which may reflect COVID-19 conditions. Service frequency averages 72 trips per day across all routes, equating to approximately 252 weekly trips per individual stop.

Health performance in Ulverstone is well below average with prevalence of common health conditions notable across both younger and older age cohorts

Health data shows significant health challenges in Ulverstone. AreaSearch's assessment found notable prevalence of common health conditions across both younger and older age groups.

Approximately 50% (~3,356 people) have private health cover, lower than the national average of 55.7%. The most prevalent medical conditions are arthritis (13.3%) and mental health issues (9.1%). 58.0% of residents report no medical ailments, compared to 62.0% in Rest of Tas. Working-age population faces significant health challenges with high chronic condition rates. Ulverstone has 32.6% (2,188 people) aged 65 and over, higher than the state average of 24.9%. Health outcomes among seniors present notable challenges, ranking even worse than the general population nationally.

The latest Census data sees Ulverstone placing among the least culturally diverse areas in the country when compared across a range of language and cultural background related metrics

Ulverstone was found to have a below average cultural diversity, with 90.6% of its population born in Australia. 93.0% of Ulverstone's residents are citizens, and 97.1% speak English only at home. Christianity is the main religion in Ulverstone, comprising 46.6% of the population, compared to 43.0% across the Rest of Tas.

The top three ancestry groups in Ulverstone are English (35.7%), Australian (33.3%), and Irish (7.2%). Notably, Dutch representation is higher than average at 2.6%, while Australian Aboriginal is also notably high at 5.8%. Sri Lankan representation is similar to the regional average at 0.1%.

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

Ulverstone's median age at 49 years is significantly higher than the Rest of Tasmania average of 45 and considerably older than the Australian median of 38. Compared to the Rest of Tasmania, Ulverstone has a notably over-represented 75-84 cohort (12.5%) and an under-represented 25-34 age group (8.2%). This concentration in the 75-84 age group is well above the national average of 6.1%. Post-2021 Census data shows that from 2016 to 2021, Ulverstone's 75 to 84 age group grew from 10.5% to 12.5%, while the 65 to 74 cohort increased from 14.5% to 15.8%. Conversely, the 55 to 64 cohort declined from 15.1% to 13.2%, and the 25 to 34 group dropped from 9.7% to 8.2%. By 2041, Ulverstone is expected to see significant shifts in its age composition. Leading this demographic shift, the 75 to 84 group will grow by 31% (260 people), reaching 1,099 from 839. The aging population trend is clear, with those aged 65 and above comprising 87% of projected growth. Conversely, both the 25 to 34 and 0 to 4 age groups are expected to see reduced numbers.