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 Ulverstone, and new addresses validated by AreaSearch since the Census, Ulverstone's population is estimated at around 6,753 as of Nov 2025. This reflects an increase of 100 people (1.5%) since the 2021 Census, which reported a population of 6,653 people. The change is inferred from the resident population of 6,687 estimated by AreaSearch following examination of the latest ERP data release by the ABS in June 2024 and an additional 151 validated new addresses since the Census date. This level of population equates to a density ratio of 404 persons per square kilometer. Ulverstone's 1.5% growth since census positions it within 2.6 percentage points of the SA3 area (4.1%), demonstrating competitive growth fundamentals. Population growth for the suburb was primarily driven by overseas migration, which was essentially the sole driver of population gains during recent periods.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, as 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. Looking at population projections moving forward, Over this period, projections indicate a decline in overall population, with the suburb's population expected to shrink by 312 persons by 2041 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 309 people.

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

Ulverstone averaged approximately 23 new dwelling approvals per year over the past five financial years ending June 2021. This totals an estimated 115 homes. As of July 2022, 17 approvals have been recorded in FY-26. Despite population decline during this period, housing supply has remained adequate relative to demand, indicating a balanced market with good buyer choice.

The average construction value for new properties is $390,000. In commercial development, Ulverstone has seen $10.2 million in approvals this financial year, suggesting balanced activity. Compared to the Rest of Tas., Ulverstone shows 13.0% lower construction activity per person but ranks at the 67th percentile nationally, though recent activity has intensified. This activity is below the national average, suggesting an established area with potential planning limitations.

Recent development has been entirely standalone homes, preserving Ulverstone's low density nature and attracting space-seeking buyers. The location has approximately 203 people per dwelling approval. With projected population stability or decline, Ulverstone should see reduced housing demand pressures, benefiting potential buyers.

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

Changes in local infrastructure significantly impact an area's performance. AreaSearch has identified seven projects that may affect this 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 likely to be 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 white and blue collar jobs, prominent essential services sectors, an unemployment rate of 4.6% as of June 2025, and estimated employment growth of 2.6% over the past year. The unemployment rate is 0.6% higher than Rest of Tas.'s rate of 3.9%, with workforce participation at 49.4% compared to Rest of Tas.'s 55.7%.

Major employment sectors include health care & social assistance, retail trade, and construction, while agriculture, forestry & fishing employs only 4.5% of local workers, below Rest of Tas.'s 8.4%. Over the year to June 2025, employment increased by 2.6%, labour force by 2.0%, reducing unemployment by 0.6 percentage points. In contrast, Rest of Tas.

saw employment decline by 0.5% and labour force decline by 0.6%. Jobs and Skills Australia's national employment forecasts from Sep-22 project national growth of 6.6% over five years and 13.1% over ten years. 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 figures position the area below 75% of locations analysed nationally by AreaSearch

Ulverstone's median income among taxpayers was $48,418 in financial year 2022. The average income stood at $57,632 during the same period. These figures are lower than those for Rest of Tas., which had a median income of $47,358 and an average income of $57,384. Based on Wage Price Index growth of 13.83% since financial year 2022, current estimates suggest the median income would be approximately $55,114 and the average income would be around $65,603 as of September 2025. According to 2021 Census figures, incomes in Ulverstone fall between the 3rd and 11th percentiles nationally for households, families, and individuals. The income distribution shows that 34.1% of Ulverstone residents earn between $400 and $799 per week, while in surrounding regions, 28.5% earn between $1,500 and $2,999 per week. With 41.8% earning under $800 per week, Ulverstone faces income constraints that impact local spending patterns. After housing costs, 86.3% of income remains in Ulverstone, ranking at the 6th percentile nationally for disposable income.

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

The dwelling structure in Ulverstone, as per the latest Census, consisted of 85.1% houses and 14.8% other dwellings such as semi-detached homes, apartments, and 'other' dwellings. This is compared to Non-Metro Tas., which had 90.3% houses and 9.7% other dwellings. Ulverstone's home ownership rate was higher at 44.9%, with the remaining dwellings either mortgaged (27.9%) or rented (27.2%). The median monthly mortgage repayment in Ulverstone was $1,100, lower than Non-Metro Tas.'s average of $1,200. The median weekly rent figure in Ulverstone was recorded at $250, compared to Non-Metro Tas.'s $240. Nationally, Ulverstone's mortgage repayments were significantly lower than the Australian average of $1,863, while rents were substantially below the national figure of $375.

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

Family households account for 61.7% of all households, including 19.9% that are couples with children, 28.5% that are couples without children, and 12.1% that are single parent families. Non-family households make up the remaining 38.3%, with lone person households at 36.6% and group households comprising 1.9% 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 faces educational challenges, with university qualification rates at 14.8%, substantially below the Australian average of 30.4%. This presents both a challenge and an opportunity for targeted educational initiatives. Bachelor degrees are most common 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 actively pursues formal education, including 9.8% in primary education, 7.2% in secondary education, and 2.5% pursuing tertiary education. Ulverstone's 5 schools have a combined enrollment reaching 1,970 students as of the latest data. The area demonstrates typical Australian school conditions (ICSEA: 967) with balanced educational opportunities. Education provision is balanced with 3 primary and 2 secondary schools serving distinct age groups. As an education hub, the area functions with 29.2 school places per 100 residents – significantly above the regional average of 16.2 – attracting students from surrounding communities.

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

Ulverstone has two active public transport stops operating, both of which are mixed bus services. These stops are served by six different routes that collectively facilitate 1577 weekly passenger trips. The accessibility of these transport services is limited, with residents typically situated 1055 meters away from the nearest stop.

On average, there are 225 trips per day across all routes, equating to approximately 788 weekly trips per individual stop.

Health performance in Ulverstone is a key challenge with a range of health conditions having marked impacts on both younger and older age cohorts

Ulverstone faces significant health challenges, with various conditions affecting both younger and older residents. Approximately 50% (~3,377 people) have private health cover, lower than the national average of 55.3%.

The most prevalent medical conditions are arthritis (13.3%) and mental health issues (9.1%). Conversely, 58.0% report no medical ailments, compared to 60.3% in Rest of Tas. Residents aged 65 and over comprise 31.3% (2,113 people), higher than the state average of 24.7%. Despite this, health outcomes among seniors are promising, outperforming general population metrics.

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 had a cultural diversity below average, with 90.6% of its population born in Australia, 93.0% being citizens, and 97.1% speaking English only at home. Christianity was the main religion in Ulverstone, comprising 46.6% of people, compared to 41.9% across Rest of Tas.. The top three ancestry groups were English (35.7%), Australian (33.3%), and Irish (7.2%).

Notably, Dutch representation was higher at 2.6% in Ulverstone versus 1.7% regionally, while Australian Aboriginal stood at 5.8% (vs 5.9%) and Sri Lankan at 0.1% (vs 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 Tas. average of 45 years, and considerably older than the Australian median of 38 years. Compared to the Rest of Tas., Ulverstone has a notably over-represented 75-84 cohort (12.2% locally), while its 25-34 year-olds are under-represented (8.4%). The local 75-84 concentration is well above the national average of 6.0%. Post-2021 Census data shows that from 2016 to 2021, Ulverstone's 75-84 age group grew from 10.5% to 12.2%, while its 55-64 cohort declined from 15.1% to 13.7% and the 25-34 group dropped from 9.7% to 8.4%. By 2041, Ulverstone is expected to see notable shifts in its age composition. Leading this demographic shift, the 75-84 group will grow by 34%, reaching 1,100 people from 823. The aging population trend is clear, with those aged 65 and above comprising 93% of projected growth. Conversely, both the 25-34 and 0-4 age groups are expected to see reduced numbers.