Invermay
Statistical Area - sa2

Population growth drivers in Invermay are strong compared to national averages based on AreaSearch's ranking of recent, and medium to long-term trends

Invermay's population was approximately 3,543 as of November 2025, indicating an increase of 45 people since the 2021 Census. This growth reflects a rise from 3,498 people recorded in the census and is based on an estimated resident population of 3,515 by June 2024, along with 19 validated new addresses added post-census. This results in a population density ratio of 879 persons per square kilometer. Over the past decade, Invermay has shown steady growth with a compound annual growth rate of 1.1%, outperforming its SA3 area. The primary driver for this growth was overseas migration, contributing nearly all (99%) of overall population gains recently. AreaSearch uses ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022.

For areas not covered by these data and post-2032 growth by age group, Tasmania State Government's Regional/LGA projections from 2022 using the 2021 base year are adopted with adjustments made via weighted aggregation at LGA to SA2 levels. Looking ahead, Invermay is expected to experience population growth slightly below the median of Australian non-metropolitan areas, expanding by approximately 292 persons to reach a total of around 4,135 people by 2041, marking a 7.4% increase over the 17-year period.

AreaSearch analysis of residential development drivers sees Invermay recording a relatively average level of approval activity when compared to local markets analysed countrywide

Invermay has averaged approximately four new dwelling approvals annually over the past five financial years from 2021 to 2025 inclusive, totalling 24 homes. As of FY-26, three approvals have been recorded. On average, around 4.5 people moved to Invermay for each dwelling built during this period. This significant demand outpaces new supply, typically leading to price growth and increased buyer competition.

New properties are constructed at an average expected cost value of $288,000. In FY-26, commercial approvals valued at $75.0 million have been registered, indicating robust local business investment. Compared to the Rest of Tas., Invermay exhibits substantially reduced construction activity, with 69.0% fewer approvals per person. This limited new supply generally supports stronger demand and values for established properties, although building activity has accelerated in recent years. Nationally, Invermay's level of development is lower, reflecting market maturity and possible development constraints.

Recent building activity comprises solely standalone homes, maintaining the area'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 despite densification trends. The estimated population per dwelling approval is 427 people, reflecting Invermay's quiet, low activity development environment. Future projections anticipate an addition of 263 residents by 2041. At current development rates, housing supply may struggle to keep pace with population growth, potentially intensifying buyer competition and supporting price increases.

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

The performance of an area can significantly be influenced by changes in local infrastructure, major projects, and planning initiatives. A total of 17 such projects have been identified by AreaSearch as likely to impact the area. Notable among these are 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 projects most relevant to the area.

Professional plan users can use the search below to filter and access additional projects.

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The labour market performance in Invermay lags significantly behind most other regions nationally

Invermay has a well-educated workforce with significant representation in essential services sectors. As of June 2025, its unemployment rate is 5.6%.

Over the past year, Invermay has shown relative employment stability. In June 2025, 1,878 residents were employed while the unemployment rate was 3.4 percentage points higher than Rest of Tas.'s rate of 3.9%. Workforce participation in Invermay is similar to Rest of Tas., at 55.7%. The dominant employment sectors include health care & social assistance, accommodation & food services, and retail trade.

Invermay has a notable concentration in accommodation & food services, with employment levels at 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.. With 1.1 workers per resident as of the Census, Invermay functions as an employment hub hosting more jobs than residents and attracting workers from surrounding areas. Between June 2024 and June 2025, labour force levels decreased by 1.5%, while employment declined by 0.5% in Invermay, leading to a fall of 1.0 percentage points in the unemployment rate. In contrast, Rest of Tas. saw employment contract by 0.5%, the labour force fall by 0.6%, and a marginal decrease in unemployment. National employment forecasts from Jobs and Skills Australia (May 2025) project national employment growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Invermay's employment mix suggests local growth of approximately 6.4% over five years and 13.6% over ten years, based on a simple weighting extrapolation for illustrative purposes.

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

Invermay's median income among taxpayers was $45,751 in financial year 2022, according to the latest ATO data aggregated by AreaSearch. This is lower than the national average of $47,358 for Rest of Tas. Invermay's average income stood at $50,592 compared to $57,384 nationally in the same period. Based on a 13.83% growth as per the Wage Price Index since financial year 2022, estimated incomes for Invermay would be approximately $52,078 (median) and $57,589 (average) by September 2025. Census data from 2021 shows that household, family, and personal incomes in Invermay fall between the 9th and 15th percentiles nationally. In Invermay, 28.4% of the population earns within the $800 - $1,499 income range, contrasting with the surrounding region where the $1,500 - $2,999 bracket leads at 28.5%. Housing affordability pressures are severe in Invermay, with only 81.5% of income remaining after housing costs, ranking at the 9th percentile nationally.

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

Invermay's dwelling structure, as per the latest Census, consisted of 75.5% houses and 24.6% other dwellings (semi-detached, apartments, 'other' dwellings). Non-Metro Tas., in comparison, had 82.1% houses and 17.9% other dwellings. Home ownership in Invermay stood at 24.1%, with mortgaged dwellings also at 24.1% and rented ones at 51.8%. The median monthly mortgage repayment was $1,092, lower than Non-Metro Tas.'s average of $1,300. The median weekly rent in Invermay was $285, compared to Non-Metro Tas.'s $280. Nationally, Invermay's mortgage repayments were significantly lower at $1,092 versus the Australian 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 account for 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 make up the remaining 44.6%, with lone person households at 37.3% and group households comprising 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 exceeds broader benchmarks; 30.3% of residents aged 15+ hold university qualifications compared to 19.3% in Rest of Tas. and 21.7% in the SA4 region. Bachelor degrees are most prevalent at 19.1%, followed by postgraduate qualifications (9.0%) and graduate diplomas (2.2%). Vocational credentials are also prominent, with 33.2% of residents aged 15+ holding such qualifications – advanced diplomas (7.8%) and certificates (25.4%). Educational participation is high at 36.2%, including tertiary education (12.5%), primary education (8.9%), and secondary education (6.0%).

Invermay's three schools have a combined enrollment of 700 students, operating under typical Australian school conditions with balanced educational opportunities (ICSEA: 970). Education provision is balanced with two primary and one secondary school serving distinct age groups.

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 sixteen different routes that collectively facilitate 1,981 weekly passenger trips. The accessibility of these services is deemed good, with residents residing an average of 289 meters from the nearest stop.

On a daily basis, there are approximately 283 trips across all routes, which equates to about 198 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, as indicated by its health data. Both younger and older age groups have notable prevalence of common health conditions. Private health cover is exceptionally low, at approximately 46% (around 1,636 people), compared to Rest of Tas., which stands at 50.6%, and the national average of 55.3%.

Mental health issues and arthritis are the most prevalent medical conditions in Invermay, affecting 13.4% and 8.8% of residents respectively. Approximately 63.0% of residents report being completely free from medical ailments, slightly lower than Rest of Tas., where this figure is 63.9%. The area has a relatively low proportion of seniors aged 65 and over, at 14.1% (around 500 people), compared to Rest of Tas., which has 19.9%. Health outcomes among seniors in Invermay generally align with the overall population's health profile.

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

Invermay's cultural diversity is above average, with 22.5% of its population born overseas and 17.1% speaking a language other than English at home. Christianity is the main religion in Invermay, comprising 33.7% of the population. Notably, the 'Other' religious category is overrepresented in Invermay at 1.9%, compared to 1.1% across the rest of Tasmania.

In terms of ancestry, the top three groups are English (30.4%), Australian (26.9%), and Other (9.9%). There are notable differences in the representation of certain ethnic groups: Australian Aboriginal is overrepresented at 3.5%, compared to 2.7% regionally; Chinese at 3.3%, compared to 1.6%; and Dutch at 1.3%, compared to 2%.

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

Invermay's median age is 33 years, which is significantly below the Rest of Tas. average of 45 and younger than the Australian median of 38. The 25-34 cohort is notably over-represented in Invermay at 24.2%, compared to the Rest of Tas. average, while those aged 65-74 are under-represented at 8.6%. This concentration of the 25-34 age group is well above the national average of 14.5%. According to the 2021 Census, the 25 to 34 age group has grown from 22.1% to 24.2%, while the 35 to 44 cohort increased from 11.1% to 12.6%. Conversely, the 15 to 24 cohort has declined from 17.6% to 15.8% and the 55 to 64 group dropped from 11.0% to 9.9%. Demographic modeling suggests Invermay's age profile will evolve significantly by 2041, with the 45 to 54 cohort projected to grow by 20%, adding 77 residents to reach 460. Meanwhile, both the 65 to 74 and 15 to 24 age groups are expected to see reduced numbers.