Invermay

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

According to the analysis by AreaSearch, the population of Invermay stands at approximately 3,463 in May 2026. This represents a decline of 35 residents (1.0%) from the 2021 Census, which recorded 3,498 individuals. This shift is calculated using the June 2025 ABS estimated resident population of 3,460 along with 21 validated new addresses registered after the Census. The population density is 859 persons per square kilometer, a figure that is generally consistent with the typical averages of areas evaluated by AreaSearch. Over the last ten years, Invermay has shown steady growth with a compound annual growth rate of 1.0%, which is faster than the wider SA3 region. Population increases in the locality were chiefly driven by overseas migration, which accounted for roughly 79.7% of all population increases during recent times.

AreaSearch utilizes the ABS/Geoscience Australia projections for each SA2 region, which were published in 2024 using 2022 as the baseline. For SA2 regions lacking this dataset, and to project age bracket developments after 2032, the Tasmanian State Government's Regional/LGA projections from 2022 (with a 2021 baseline) are applied, utilizing adjustments via a weighted aggregation of population growth from the LGA to the SA2 level. Looking ahead, demographic patterns suggest population gains slightly under the median for non-metropolitan parts of Australia, with the locality projected to grow by 243 individuals by 2041 compared to the most recent annual ERP statistics, representing a total increase of 6.9% across the 16 years.

The level of residential development activity in Invermay is very low in comparison to the average area assessed nationally by AreaSearch

Invermay has averaged approximately 4 residential building approvals annually, which sums to 24 dwellings over the last 5 financial years. In FY-26 so far, 3 approvals have been logged. As the population has shrunk recently, the volume of housing has sufficed for demand, yielding a balanced market offering buyers good choices, while new residences are built with a mean value of $288,000. Additionally, commercial approvals worth $75.0 million have been documented during the current financial year, indicating solid local corporate investment.

Relative to Rest of Tas., Invermay displays a much lower level of building activity, coming in at 69.0% below the regional per capita average. This restricted flow of new housing generally aids demand and pricing for existing homes, even though construction has picked up lately. This volume is also below the national average, showing market maturity and suggesting potential development constraints. Furthermore, recent construction is composed entirely of standalone homes, maintaining the low-density character of the neighborhood through detached housing that appeals to buyers wanting space. Notably, builders are creating a higher proportion of detached homes than the historical split indicates (76.0% at the Census), showing sustained demand for family residences. The ratio of 423 people in the locality for every single residential approval points to a calm development environment with low activity.

Long-term forecasts indicate Invermay will gain 240 inhabitants by 2041, based on the most recent quarterly estimate from AreaSearch. With the current pace of construction, housing supply might not keep up with population expansion, which could intensify competition among buyers and boost property prices.

Invermay has limited levels of nearby infrastructure activity, ranking in the 9thth percentile nationally

Local infrastructure projects, major developments, and planning guidelines play a significant role in area performance. AreaSearch has identified 17 projects likely to influence the local area. Key developments include the kanamaluka Cultural Centre (incorporating Conference & Exhibition Space), the Flood Levee Protected Areas Specific Area Plan, the UTAS Stadium Redevelopment, and the University of Tasmania Launceston campus at Inveresk, with the primary projects detailed below.

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

The workforce in Invermay is highly educated, featuring a strong presence in crucial service sectors, alongside an unemployment rate of 6.1%. In March 2026, 1,833 local residents were employed, while the unemployment rate was 2.2% higher than the Regional Tas. level of 3.9%, and the participation rate was considerably elevated at 65.0% compared to 58.8% in Regional Tas. According to Census details, a minor 5.9% of the employed population worked from home, though the influence of Covid-19 restrictions should be kept in mind.

The primary employment fields for residents are health care & social assistance, accommodation & food, and retail trade. The neighborhood shows a highly concentrated workforce in accommodation & food, reaching 1.6 times the average across the region. Conversely, agriculture, forestry & fishing is underrepresented, employing just 2.9% of the workforce in Invermay compared to 8.4% in Regional Tas. With 1.1 workers for each resident at the time of the Census, the locality operates as an employment center, containing more jobs than working residents and drawing commuters from neighboring areas.

Based on the AreaSearch review of SALM and ABS statistics, during the 12 months ending March 2026, the size of the labor force fell by 1.6% and the number of employed people decreased by 1.8%, leading to a 0.2 percentage point rise in the unemployment rate. This differs from Regional Tas., where employment expanded by 1.8%, the labor force grew by 1.7%, and the unemployment rate decreased slightly. National employment projections from Jobs and Skills Australia as of May-25 offer additional perspective on potential future demand in Invermay. These forecasts, spanning five and ten years, are applied to the local workforce structure to project growth trends. Although national employment is projected to rise by 6.6% over five years and 13.7% over ten years, the rates of change vary greatly by industry sector. Applying these sector-specific forecasts to the employment distribution of Invermay indicates local jobs should rise by 6.4% over five years and 13.6% over ten years, which is a basic weighted projection for visualization and does not incorporate local population growth projections.

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

Tax data from the ATO compiled by AreaSearch for financial year 2023 shows that the income level in the Invermay SA2 is below the national average. The median income for taxpayers in the Invermay SA2 is $48,965, and the average income is $53,683, compared to $49,689 and $59,358 in Regional Tas. respectively. Factoring in Wage Price Index growth of 10.95% since financial year 2023, current projections estimate these figures at approximately $54,327 (median) and $59,561 (average) as of March 2026. The 2021 Census reports that household, family, and individual incomes in Invermay are situated between the 8th and 15th percentiles nationwide. The income distribution shows that 28.4% of residents (983 people) earn in the $800 - 1,499 range, which differs from the broader region where the $1,500 - 2,999 group is largest at 28.5%. Housing affordability pressure is high, with residents retaining only 81.5% of their income, placing the area in the 8th percentile.

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

Residential structures in Invermay at the time of the latest Census consisted of 75.5% houses and 24.6% other types of dwellings, such as townhouses, apartments, and alternative options, whereas Regional Tas. recorded 89.9% houses and 10.1% other types of dwellings. The rate of home ownership in Invermay was lower than the regional rate at 24.1%, with the remaining properties being mortgaged (24.1%) or rented (51.8%). The median monthly mortgage payment in the area was recorded at $1,092, which is lower than the Regional Tas. median of $1,274, while the median weekly rent was $285, compared to $250 in Regional Tas. Looking nationally, mortgage costs in Invermay are much lower than the Australian median of $1,863, and weekly rents are also well below the national median of $375.

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

Families make up 55.4% of all households, consisting of couples with children at 17.6%, couples without children at 22.3%, and single parent households at 13.6%. Non-family living arrangements account for the remaining 44.6%, with single-person households at 37.3% and group households representing 7.6% of the total. The median household size is 2.2 people, which is smaller than the Regional Tas. average of 2.3.

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

The level of education in Invermay is higher than regional benchmarks, with 30.3% of individuals aged 15+ holding a university degree compared to 19.3% in Rest of Tas. and 21.7% in the SA4 region. This educational profile equips the locality well for professional and academic opportunities. Bachelor degrees are the most common at 19.1%, followed by postgraduate qualifications at 9.0% and graduate diplomas at 2.2%. Vocational and technical skills are also common, with 33.2% of residents aged 15+ possessing vocational qualifications, including advanced diplomas at 7.8% and certificates at 25.4%.

A high portion of the population is engaged in study, with 36.2% of residents currently enrolled in an educational program. This includes 12.5% in higher education, 8.9% in primary school, and 6.0% attending high school.

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

Public transport data shows 10 transit stops operating in Invermay, consisting of bus services. These stops support 29 different routes, which provide 2,693 weekly passenger journeys. Transport access is rated as good, with residents living an average of 289 meters from their nearest stop. Because the area is mostly residential, the majority of workers travel outside the suburb, with private cars remaining the primary travel mode at 83% and 10% of residents walking. Vehicle ownership stands at an average of 1.0 per household, below the regional average. A small percentage of residents, 5.9%, work from home, based on 2021 Census data which may reflect pandemic-era practices.

Service frequency is approximately 384 daily trips across the transit network, which averages 269 weekly trips at each transit stop.

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

Health statistics show notable challenges for Invermay, based on an evaluation of mortality rates and the prevalence of chronic health conditions by AreaSearch, with common medical issues observed across both younger and older demographics. The rate of private health insurance is low, covering about 47% of the population (~1,613 people). This compares to 49.1% across Regional Tas. and a national average of 55.7%.

Mental health conditions and arthritis are the most prevalent medical issues in the area, affecting 13.4 and 8.8% of the population respectively, while 63.0% of residents reported having no long-term health conditions compared to 62.0% in Regional Tas. The cohort of working age experiences considerable health concerns, marked by elevated rates of chronic illness. The area has 14.4% of residents aged 65 and over (499 people), which is lower than the Regional Tas. level of 24.9%. Seniors' health profiles show some difficulties, though national percentiles align closely with the wider 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 displays a higher level of cultural diversity than average, with 22.5% of its population born overseas and 17.1% speaking a non-English language at home. Christianity is the primary religion, followed by 33.7% of residents. The most noticeable variation is in the Other religious category, which accounts for 1.9% of the population compared to 0.7% in Regional Tas.

Looking at parent countries of birth, the three largest ancestry groups in Invermay are English at 30.4%, Australian at 26.9% (which is below the regional average of 32.6%), and Other at 9.9% (which is above the regional average of 4.6%). Other differences include Australian Aboriginal ancestry at 3.5% of the population (compared to 4.1% regionally), Chinese ancestry at 3.3% (compared to 0.8% regionally), and Dutch ancestry at 1.3% (compared to 1.7% regionally).

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

Invermay has a median age of 33 years, which is lower than the Regional Tas. median of 45 and the Australian median of 38. The 25 - 34 age bracket is highly represented at 24.1% of the population, compared to the regional average, while the 65 - 74 age bracket is less common at 8.6%. The concentration of residents aged 25 - 34 is also above the national rate of 14.6%. Since the 2021 Census, the 25 to 34 demographic has increased from 22.1% to 24.1% of the population, and the 35 to 44 age bracket has risen from 11.1% to 12.9%. Conversely, the 15 to 24 demographic fell from 17.6% to 14.5%. Projections indicate that the age profile will change by 2041, with the 45 to 54 cohort showing the largest projected growth of 23%, adding 87 residents to total 462, while the 55 to 64 and 5 to 14 demographics are projected to shrink.