Invermay

Population growth drivers in Invermay are slightly above average based on AreaSearch's ranking of recent, and medium term trends

Invermay's population is approximately 3,549 as of February 2026. This figure represents an increase of 51 people since the 2021 Census, which recorded a population of 3,498. The change is inferred from the estimated resident population of 3,514 in June 2024 and an additional 17 validated new addresses since the Census date. This results in a population density ratio of 880 persons per square kilometer, comparable to averages seen across locations assessed by AreaSearch. Over the past decade, Invermay has shown resilient growth patterns with a compound annual growth rate of 1.1%, outperforming its SA3 area. Population growth was primarily driven by overseas migration, contributing approximately 99.0% 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 to estimate growth by age group post-2032, Tasmania State Government's Regional/LGA projections are adopted, released in 2022 with a base year of 2021, using weighted aggregation methods. Looking ahead, demographic trends suggest a population increase just below the median for Australian non-metropolitan areas, with an expected expansion to 3,841 persons by 2041 based on latest annual ERP population numbers, reflecting a total gain of 7.2% over the 17-year period.

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

Invermay has averaged approximately four new dwelling approvals annually over the past five financial years, totalling 24 homes. As of FY-26, three approvals have been recorded. On average, 4.5 people moved to Invermay each year for every dwelling built between FY-21 and FY-25, indicating significant demand exceeding new supply. New properties are constructed at an average expected cost of $288,000.

This financial year has seen $75.0 million in commercial approvals, suggesting robust local business investment. Compared to the Rest of Tas., Invermay shows substantially reduced construction, with 69.0% below the regional average per person. This limited new supply generally supports stronger demand and values for established properties. However, building activity has accelerated in recent years, reflecting market maturity and possible development constraints. Recent building activity consists entirely of standalone homes, preserving Invermay's low density nature and attracting space-seeking buyers.

Developers are constructing more detached housing than the existing pattern implies (76.0% at Census), indicating persistent strong demand for family homes amidst densification trends. The estimated population count per dwelling approval is 427 people, reflecting Invermay's quiet, low activity development environment. Future projections estimate an addition of 257 residents by 2041, potentially leading to housing supply struggles in matching population growth, heightening buyer competition, and supporting price increases at current development rates.

Invermay has limited levels of nearby infrastructure activity, ranking in the 13thth percentile nationally

Changes to local infrastructure significantly impact an area's performance. AreaSearch has identified 17 projects that could affect the region. Notable initiatives include the kanamaluka Cultural Centre (including Conference & Exhibition Space), Flood Levee Protected Areas Specific Area Plan, UTAS Stadium Redevelopment, and University of Tasmania Launceston campus Inveresk. The following list details those most likely to be 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 labour market performance in Invermay lags significantly behind most other regions nationally

Invermay has an educated workforce with prominent representation in essential services sectors. Its unemployment rate is 5.8%. As of September 2025, 1,837 residents are employed while the unemployment rate stands at 5.8%, which is 2.0% higher than Rest of Tas.'s rate of 3.8%.

Workforce participation in Invermay is 63.4%, slightly higher than Rest of Tas.'s 58.6%. According to Census responses, only 5.9% of residents work from home. Dominant employment sectors include health care & social assistance, accommodation & food services, and retail trade. Notably, the accommodation & food sector has a concentration 1.6 times the regional average.

Conversely, agriculture, forestry & fishing is under-represented with only 2.9% of Invermay's workforce compared to 8.4% in Rest of Tas.. The area functions as an employment hub with 1.1 workers per resident. Over the year to September 2025, labour force levels decreased by 2.8%, employment declined by 2.3%, and unemployment fell by 0.4 percentage points. In contrast, Rest of Tas. saw employment rise by 0.7% and a fall in unemployment of 0.2 percentage points. National employment forecasts from May-25 project growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Invermay's employment mix suggests local employment should increase by 6.4% over five years and 13.6% over ten years, though this is a simple extrapolation for illustrative purposes only.

The area's income levels rank in the lower 15% nationally based on AreaSearch comparative data

Invermay SA2's median income among taxpayers was $48,965 and average income stood at $53,683 in financial year 2023. This is lower than the national averages of $49,689 and $59,358 respectively for Rest of Tas. Based on a 9.6% growth since financial year 2023, estimates suggest median income would be approximately $53,666 and average income $58,837 by September 2025. According to Census 2021 data, incomes in Invermay fall between the 8th and 15th percentiles nationally for households, families, and individuals. Income distribution shows 28.4% of Invermay's population earn within the $800-$1,499 range, contrasting with surrounding regions where the $1,500-$2,999 bracket is most common at 28.5%. Housing affordability pressures are severe in Invermay, with only 81.5% of income remaining after housing costs, ranking at the 8th percentile nationally.

Invermay is characterized by a predominantly suburban housing profile, with a higher proportion of rental properties than the broader region

Invermay's dwellings, as per the latest Census, consisted of 75.5% houses and 24.6% 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 Invermay stood at 24.1%, with the rest being mortgaged or rented. The median monthly mortgage repayment was $1,092, lower than Non-Metro Tas.'s average of $1,274. Median weekly rent in Invermay was $285, compared to Non-Metro Tas.'s $250. Nationally, Invermay's mortgage repayments were significantly lower at $1,092 versus Australia's average of $1,863, and rents were substantially below the national figure of $375.

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

Family households constitute 55.4% of all households, including 17.6% couples with children, 22.3% couples without children, and 13.6% single parent families. Non-family households comprise the remaining 44.6%, with lone person households at 37.3% and group households making up 7.6%. The median household size is 2.2 people, which is smaller than the Rest of Tas. average of 2.3.

Educational outcomes in Invermay fall within the lower quartile nationally, indicating opportunities for improvement in qualification attainment

Invermay's educational attainment significantly exceeds broader benchmarks. Among residents aged 15 and above, 30.3% hold university qualifications, compared to 19.3% in the rest of Tasmania and 21.7% in the SA4 region. This educational advantage positions Invermay strongly for knowledge-based opportunities. Bachelor degrees are most prevalent at 19.1%, followed by postgraduate qualifications (9.0%) and graduate diplomas (2.2%). Trade and technical skills are prominent, with 33.2% of residents aged 15 and above holding vocational credentials – advanced diplomas (7.8%) and certificates (25.4%).

Educational participation is notably high, with 36.2% of residents currently enrolled in formal education. This includes 12.5% in tertiary education, 8.9% in primary education, and 6.0% pursuing secondary education.

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

Invermay has ten active public transport stops, all of which are bus stops. These stops are served by 29 different routes that together facilitate 2,693 weekly passenger trips. The area's transport accessibility is deemed good, with residents residing an average of 289 meters from the nearest stop. As a predominantly residential zone, most inhabitants commute outward. Cars remain the primary mode of transportation for 83% of residents, while 10% prefer walking. On average, each dwelling owns one vehicle, which is below the regional norm.

According to the 2021 Census, only 5.9% of residents work from home, a figure that may be influenced by COVID-19 conditions. The service frequency across all routes averages 384 trips per day, translating to approximately 269 weekly trips per individual stop.

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

Invermay faces significant health challenges, according to AreaSearch's assessment. Mortality rates and chronic condition prevalence are notable across both younger and older age cohorts. Private health cover is extremely low at approximately 47% of the total population (~1,653 people), compared to 49.1% in the rest of Tasmania (Rest of Tas.) and the national average of 55.7%.

The most prevalent medical conditions are mental health issues affecting 13.4% of residents and arthritis impacting 8.8%, while 63.0% report having no medical ailments, compared to 62.0% in Rest of Tas. The working-age population faces notable health challenges with elevated chronic condition rates. Invermay has 14.1% of residents aged 65 and over (500 people), lower than the 24.9% in Rest of Tas. Health outcomes among seniors present some challenges, with national rankings broadly in line with the general population.

The level of cultural diversity witnessed in Invermay was found to be slightly above average when compared nationally for a number of language and cultural background related metrics

Invermay had a higher than average cultural diversity, with 22.5% of its population born overseas and 17.1% speaking a language other than English at home. Christianity was the predominant religion in Invermay, comprising 33.7% of the population. Notably, the 'Other' religious category made up 1.9% of Invermay's population, compared to 0.7% across the rest of Tasmania.

Regarding ancestry, the top three groups were English (30.4%), Australian (26.9%), and Other (9.9%). The Australian group was lower than the regional average of 32.6%, while the Other category was substantially higher at 9.9% compared to the regional average of 4.6%. Additionally, there were notable differences in the representation of certain ethnic groups: Australian Aboriginal was overrepresented at 3.5% (vs 4.1% regionally), Chinese at 3.3% (vs 0.8%), and Dutch at 1.3% (vs 1.7%).

Invermay's young demographic places it in the bottom 15% of areas nationwide

Invermay has a median age of 32, which is significantly lower than the Rest of Tas. figure of 45, and also notably lower than Australia's median age of 38 years. Compared to the Rest of Tas., Invermay has an over-representation of the 25-34 cohort (24.4% locally) and an under-representation of the 65-74 year-olds (8.4%). This concentration of the 25-34 age group is well above the national average of 14.4%. Between 2021 and present, Invermay's population has seen changes in its age distribution: the 25 to 34 age group grew from 22.1% to 24.4%, while the 35 to 44 cohort increased from 11.1% to 13.2%. Conversely, the 15 to 24 cohort declined from 17.6% to 15.8%, and the 55 to 64 group dropped from 11.0% to 9.6%. By 2041, demographic modeling suggests Invermay's age profile will evolve significantly: the 45 to 54 age cohort is projected to expand by 89 people (24%), from 370 to 460. Conversely, both the 5 to 14 and 15 to 24 age groups are expected to see reduced numbers.