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Sales Activity
Curious about local property values? Filter the chart to assess the volume and appreciation (including resales) trends and regional comparisons, or scroll to the map below view this information at an individual property level.
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Sales Detail
Population
Central Highlands has seen population growth performance typically on par with national averages when looking at short and medium term trends
As of Aug 2025, Central Highlands' population is approximately 2,520. This figure represents a growth of 93 people since the 2021 Census, which recorded a population of 2,427. The increase is inferred from ABS's estimated resident population of 2,493 in June 2024 and an additional 108 validated new addresses post-Census. This results in a density ratio of 0.40 persons per square kilometer. Over the past decade (2015-2025), Central Highlands exhibited a compound annual growth rate of 1.5%, outperforming its SA3 region. Interstate migration drove population growth, contributing about 59.1% of overall gains.
AreaSearch uses 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 estimates, Tasmania State Government's Regional/LGA projections from 2022 (base year: 2021) are adopted with adjustments made via weighted aggregation from LGA to SA2 levels. Between now and 2041, Central Highlands' population is projected to decrease by 103 persons overall. However, specific age cohorts are expected to grow, notably the 75-84 age group, which is projected to increase by 115 people.
Frequently Asked Questions - Population
Development
AreaSearch analysis of residential development drivers sees Central Highlands recording a relatively average level of approval activity when compared to local markets analysed countrywide
Central Highlands has seen approximately nine new homes approved annually. Development approval data is produced by the ABS on a financial year basis, with 47 homes approved over the past five financial years (between FY20 and FY25), and one so far in FY26. On average, 4.2 new residents have been recorded per home built over these years. This supply lagging demand indicates heightened buyer competition and pricing pressures, with new homes being constructed at an average value of $326,000, below regional norms, offering more affordable housing options for purchasers.
In FY26, $26.6 million in commercial development approvals have been recorded, suggesting balanced commercial development activity. Compared to the Rest of Tas., Central Highlands shows around 75% of construction activity per person and ranks among the 36th percentile nationally, implying more limited housing choices for buyers. Recent developments have consisted solely of detached houses, maintaining the area's traditional low density character with a focus on family homes.
The estimated population count of 457 people per dwelling approval reflects its quiet development environment. With an expected stable or declining population, Central Highlands may see reduced pressure on housing, potentially creating opportunities for buyers.
Frequently Asked Questions - Development
Infrastructure
Central Highlands has limited levels of nearby infrastructure activity, ranking in the 9thth percentile nationally
Changes to local infrastructure significantly impact an area's performance. AreaSearch has identified 55 projects likely to affect the region. Key initiatives include Bothwell Water Treatment Plant, Cellars Hill Wind Farm, Weasel Solar Farm, and Tarraleah Power Station Redevelopment. The following list details those most relevant.
Professional plan users can use the search below to filter and access additional projects.
INFRASTRUCTURE SEARCH
Frequently Asked Questions - Infrastructure
The Mills Residential Development
Mixed-use master-planned community development featuring 700+ residential homes, 100-bed private hospital, 200 independent retirement homes, 100-room boutique hotel, childcare centre, and commercial precinct. Originally valued at $500 million, the development company went into administration in July 2024 with approximately one-third of homes completed. Following administration, the project was restructured, with the over-50s retirement component proceeding as Noble Life New Norfolk Resort, valued at $75 million with 186 homes, construction starting in March 2025. The broader masterplan's status remains under assessment, with potential for recommencement.
Cellars Hill Wind Farm
A proposed 350 MW wind farm with up to 56 turbines and an accompanying 600 MW / 2400 MWh battery energy storage system, located in Tasmania's Central Highlands. Declared a Major Project on 31 January 2025, the proposal is now under assessment by the Tasmanian Planning Commission. The landowner-led partnership proposes a $1,000 annual energy subsidy for households and businesses within 12 km of a turbine for the life of the project.
Incat Boyer Ferry Manufacturing Facility
New 12-hectare shipbuilding facility for construction of electric ferries. Features 240x120m production facility capable of constructing three large vessels simultaneously. Expected to create 500 new jobs and double Incat's workforce. Construction begins 2026.
Derwent Valley Health and Wellbeing Hub
Multi-purpose health and wellbeing facility by Corumbene Care. Received $3.75 million federal grant. Will provide expanded health services to Derwent Valley region including aged care and medical services.
Ted Jeffries Memorial Park Upgrade
Staged upgrade of the Ted Jeffries Memorial Park precinct delivering skate park improvements, basketball half court and youth recreation area, expanded car parking including bus parking, soccer pitch upgrades and extensions, new clubrooms and changerooms, off-lead dog park and associated street and drainage works. Council documents indicate an overall project budget of about $3.4 million with Australian Government grant support, and clubrooms targeted for completion around mid-2025.
Weasel Solar Farm
Landowner-led 250 MW solar farm with 144 MW/576 MWh battery energy storage on ~435 ha, 9 km north of Bothwell. Project enables agrisolar with sheep grazing beneath panels, connects to existing 220 kV transmission line, and has received Central Highlands Council planning permit (DA 2025/14). Led by the Downie and Bowden families with Alternate Path; partnered in 2025 with Gamuda for development support.
Willow Court Heritage Precinct Redevelopment
Adaptive reuse of Australia's oldest continually operated asylum site. Includes heritage interpretation centre, tourism facilities, hospitality venues, and potential museum development. Multiple buildings undergoing restoration.
Campus7140 Education Centre
Redevelopment of former Royal Derwent Hospital nurses quarters into Tasmania's leading education, training and conferencing centre. Targeting universities, RTOs, corporate education providers and government entities.
Employment
Employment drivers in Central Highlands are experiencing difficulties, placing it among the bottom 20% of areas assessed across Australia
Central Highlands has a balanced workforce with white and blue collar jobs, diverse sector representation, and an unemployment rate of 4.5% as of June 2025. The area employs 1,023 residents with an unemployment rate at 0.5% above Rest of Tas.'s rate of 3.9%.
Workforce participation lags significantly at 49.2%, compared to Rest of Tas.'s 55.7%. Leading employment industries are agriculture, forestry & fishing, accommodation & food, and health care & social assistance. The area has a particular specialization in agriculture, forestry & fishing, with an employment share 3.7 times the regional level. Conversely, health care & social assistance is under-represented at 9.1% of Central Highlands's workforce compared to Rest of Tas.'s 16.5%.
Local employment opportunities appear limited based on Census working population vs resident population comparison. Over the year to June 2025, labour force levels decreased by 4.8%, and employment fell by 5.5%, leading to a rise in unemployment rate by 0.7 percentage points. This contrasts with Rest of Tas., where employment contracted by 0.5% and labour force fell by 0.6%. State-level data to Sep-25 shows TAS employment grew by 0.77% year-on-year, adding 1,170 jobs, with the state unemployment rate at 4.3%, outpacing the national average of 0.26%. Jobs and Skills Australia's projections from May 2025 estimate national employment growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Central Highlands's employment mix suggests local growth of approximately 4.9% over five years and 11.0% over ten years, although these are simple extrapolations for illustrative purposes only.
Frequently Asked Questions - Employment
Income
The area's income levels rank in the lower 15% nationally based on AreaSearch comparative data
Central Highlands had a median taxpayer income of $47,433 and an average of $52,370 in financial year 2022. This is lower than the national average, with Rest of Tas. having a median income of $47,358 and an average of $57,384. By March 2025, estimated incomes would be approximately $53,097 (median) and $58,623 (average), based on Wage Price Index growth of 11.94%. Central Highlands' household, family, and personal incomes all fall between the 4th and 8th percentiles nationally. The $400 - 799 earnings band captures 32.7% of the community (824 individuals), contrasting with the broader area where the $1,500 - 2,999 bracket leads at 28.5%. The concentration of 42.8% in sub-$800 weekly brackets highlights economic challenges faced by a significant portion of the community. Despite modest housing costs allowing for 90.6% income retention, total disposable income ranks at just the 9th percentile nationally.
Frequently Asked Questions - Income
Housing
Central Highlands is characterized by a predominantly suburban housing profile, with above-average rates of outright home ownership
The dwelling structure in Central Highlands, as assessed at the latest Census held on 28th August 2016, consisted of 96.4% houses and 3.6% other dwellings (semi-detached, apartments, 'other' dwellings). This is compared to Non-Metro Tas., where 97.8% were houses and 2.2% were other dwellings. The home ownership level in Central Highlands stood at 52.7%, with the rest of the dwellings either mortgaged (28.7%) or rented (18.5%). The median monthly mortgage repayment in the area was $894, lower than Non-Metro Tas.'s figure of $1,200. The median weekly rent was recorded at $200, compared to Non-Metro Tas.'s $240. Nationally, Central Highlands's mortgage repayments were significantly lower than the Australian average of $1,863, while rents were substantially below the national figure of $375.
Frequently Asked Questions - Housing
Household Composition
Central Highlands features high concentrations of lone person households, with a lower-than-average median household size
Family households constitute 58.5% of all households, including 20.2% couples with children, 29.8% couples without children, and 7.4% single parent families. Non-family households comprise the remaining 41.5%, with lone person households at 38.3% and group households comprising 3.2% of the total. The median household size is 2.1 people, smaller than the Rest of Tas. average of 2.4.
Frequently Asked Questions - Households
Local Schools & Education
Central Highlands faces educational challenges, with performance metrics placing it in the bottom quartile of areas assessed nationally
The area has lower university qualification rates (14.3%) compared to the Australian average of 30.4%. Bachelor degrees are most common (9.4%), followed by postgraduate qualifications (3.7%) and graduate diplomas (1.2%). Vocational credentials are prominent, with 39.0% of residents aged 15+ holding them, including advanced diplomas (8.3%) and certificates (30.7%). Educational participation is high at 25.3%, with 11.5% in primary, 6.7% in secondary, and 1.7% in tertiary education.
The area has two schools serving 79 students: Ouse District School and Bothwell District High School. Central Highlands has varied educational conditions, with limited local school capacity (3.1 places per 100 residents vs regional average of 7.1), leading many families to travel for schooling.
Frequently Asked Questions - Education
Schools Detail
Nearby Services & Amenities
Transport
No public transport data available for this catchment area.
Frequently Asked Questions - Transport
Transport Stops Detail
Health
Health performance in Central Highlands is well below average with prevalence of common health conditions notable across both younger and older age cohorts
Central Highlands faces significant health challenges, with common conditions prevalent across both younger and older age groups. Private health cover stands at approximately 46%, covering around 1,164 people, compared to the national average of 55.3%.
The most frequent medical conditions are arthritis (affecting 12.2% of residents) and mental health issues (8.7%). Around 61% report no medical ailments, slightly lower than Rest of Tas.'s 62.3%. Residents aged 65 and over comprise 27.1%, totaling 681 people, higher than Rest of Tas.'s 22.0%. Health outcomes among seniors exceed averages, outperforming the general population in health metrics.
Frequently Asked Questions - Health
Cultural Diversity
Central Highlands is considerably less culturally diverse than average when assessed alongside AreaSearch's national rankings for language and cultural background related metrics
Central Highlands showed lower cultural diversity, with 86.9% citizens, 88.8% born in Australia, and 96.3% speaking English only at home. Christianity was the primary religion, at 53.3%, compared to 49.6% regionally. The top ancestry groups were English (36.5%), Australian (34.8%), and Irish (8.0%).
Notably, Australian Aboriginal were overrepresented at 4.0% versus 4.6% regionally, and Hungarian was higher at 0.3% compared to 0.1%.
Frequently Asked Questions - Diversity
Age
Central Highlands ranks among the oldest 10% of areas nationwide
The median age in Central Highlands is 50 years, significantly higher than the Rest of Tas.'s average of 45 years and well above the national norm of 38 years. Compared to the Rest of Tas., the cohort aged 55-64 is notably over-represented at 18.7% locally, while those aged 5-14 are under-represented at 8.8%. This concentration of the 55-64 age group is well above the national average of 11.2%. From 2021 to present, the population aged 75 to 84 has grown from 6.5% to 8.3%, while the cohort aged 5-14 has declined from 10.5% to 8.8%. Population forecasts for 2041 indicate substantial demographic changes in Central Highlands. The 75 to 84 age group is projected to grow by 47%, adding 99 residents to reach a total of 310. Residents aged 65 and above will drive 57% of population growth, highlighting demographic aging trends. Conversely, both the cohorts aged 0-4 and 15-24 are projected to see reduced numbers.