Invermay

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

Based on AreaSearch's analysis, Invermay's population is around 3,549 as of Feb 2026. This reflects an increase of 51 people (1.5%) since the 2021 Census, which reported a population of 3,498 people. The change is inferred from the estimated resident population of 3,514 from the ABS as of June 2024 and an additional 17 validated new addresses since the Census date. This population level equates to a density ratio of 880 persons per square kilometer, which is relatively in line with averages seen across locations assessed by AreaSearch. Over the past decade, Invermay has demonstrated resilient growth patterns with a 1.1% compound annual growth rate, outpacing the SA3 area. Population growth for the area was primarily driven by overseas migration, which contributed approximately 99.0% of overall population gains during recent periods.

AreaSearch adopts 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, released in 2022 with 2021 as the base year, are adopted with adjustments made employing a method of weighted aggregation of population growth from LGA to SA2 levels. Regarding demographic trends, a population increase just below the median of Australian non-metropolitan areas is expected, with the area expected to expand by 292 persons by 2041 based on the latest annual ERP population numbers, reflecting a gain of 7.2% in total over the 17 years.

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

Invermay has averaged around 4 new dwelling approvals each year, totalling 24 homes over the past 5 financial years. So far in FY-26, 3 approvals have been recorded. With an average of 4.5 people per year moving to the area for each dwelling built over the past 5 financial years (between FY-21 and FY-25), demand significantly exceeds new supply, which usually results in price growth and increased buyer competition, while new properties are constructed at an average value of $288,000. Additionally, $75.0 million in commercial approvals have been registered this financial year, suggesting robust local business investment.

When measured against the Rest of Tas., Invermay shows substantially reduced construction (69.0% below regional average per person). This limited new supply generally supports stronger demand and values for established properties, though building activity has accelerated in recent years. This level is likewise lower than nationally, reflecting market maturity and pointing to possible development constraints. Meanwhile, recent building activity consists entirely of standalone homes, preserving the area's low density nature with an emphasis on detached housing attracting space-seeking buyers. Notably, developers are constructing more detached housing than the existing pattern implies (76.0% at Census), reflecting persistent strong demand for family homes amid densification trends. The estimated count of 427 people in the area per dwelling approval reflects its quiet, low activity development environment.

Future projections show Invermay adding 257 residents by 2041 (from the latest AreaSearch quarterly estimate). At current development rates, housing supply may struggle to match population growth, potentially heightening buyer competition and supporting price increases.

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

Nothing can influence an area's performance as much as changes to local infrastructure, major projects, and planning initiatives. In total 17 projects have been identified by AreaSearch that are likely to have an impact on the area. Key projects include the kanamaluka Cultural Centre (incorporating conference and exhibition space), the Flood Levee Protected Areas Specific Area Plan, the UTAS Stadium Redevelopment, and the University of Tasmania Launceston campus Inveresk, with the list below detailing those likely to be of most relevance.

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 possesses a well-educated workforce, with essential services sectors well represented, and an unemployment rate of 5.8%. As of December 2025, 1,840 residents are in work, while the unemployment rate is 1.9% above Regional Tas.'s rate of 3.8%, and workforce participation is fairly standard (63.5% compared to Regional Tas.'s 58.9%). Based on Census responses, a low 5.9% of residents were found to work from home, though Covid-19 lockdown impacts should be considered.

The dominant employment sectors among residents include health care & social assistance, accommodation & food, and retail trade. The area demonstrates a particularly notable concentration in accommodation & food, with employment levels at 1.6 times the regional average. On the other hand, agriculture, forestry & fishing is under-represented, with only 2.9% of Invermay's workforce compared to 8.4% in Regional Tas.. With 1.1 workers for every resident, as at the Census, the area functions as an employment hub, hosting more jobs than residents and attracting workers from surrounding areas.

Based on AreaSearch analysis of SALM and ABS data, over the 12 months to December 2025, labour force levels decreased by 2.0% while employment declined by 1.4%, causing the unemployment rate to fall by 0.6 percentage points. This contrasts with Regional Tas., where employment rose by 1.8%, the labour force grew by 1.5%, and unemployment fell 0.3 percentage points. Jobs and Skills Australia's national employment forecasts from May-25 can offer further insight into potential future demand within Invermay. These projections, covering five and ten-year periods, have been mapped against the local employment profile to estimate growth patterns. While national employment is forecast to expand by 6.6% over five years and 13.7% over ten years, growth rates differ significantly between industry sectors. Applying these industry-specific projections to Invermay's employment mix suggests local employment should increase by 6.4% over five years and 13.6% over ten years (please note this is a simple weighting extrapolation for illustrative purposes and does not take into account localised population projections).

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

The Invermay SA2's income level is lower than average on a national basis according to the latest ATO data aggregated by AreaSearch for FY-23. The Invermay SA2's median income among taxpayers is $48,965 and the average income stands at $53,683, which compares to figures for Regional Tas.'s of $49,689 and $59,358 respectively. Based on Wage Price Index growth of 9.6% since FY-23, current estimates would be approximately $53,666 (median) and $58,837 (average) as of September 2025. Census 2021 income data shows household, family and personal incomes in Invermay all fall between the 8th and 15th percentiles nationally. The earnings profile shows 28.4% of the population (1,007 individuals) fall 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, with only 81.5% of income remaining, ranking at the 8th percentile.

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

Dwelling structure within Invermay, as evaluated at the latest Census, comprised 75.5% houses and 24.6% other dwellings (semi-detached, apartments, 'other' dwellings), in comparison to Regional Tas.'s 89.9% houses and 10.1% other dwellings. Meanwhile, the level of home ownership within Invermay lagged that of Regional Tas. at 24.1%, with the remainder of dwellings either mortgaged (24.1%) or rented (51.8%). The median monthly mortgage repayment in the area was well below the Regional Tas. average at $1,092, while the median weekly rent figure was recorded at $285, compared to Regional Tas.'s $1,274 and $250. Nationally, Invermay's mortgage repayments are significantly lower than the Australian average of $1,863, while rents are 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 dominate at 55.4% of all households, comprising 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% of the total. The median household size of 2.2 people 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

Educational attainment in Invermay significantly surpasses broader benchmarks, with 30.3% of residents aged 15+ holding university qualifications compared to 19.3% in Rest of Tas. and 21.7% in SA4 region. This substantial educational advantage positions the area strongly for knowledge-based opportunities. Bachelor degrees lead at 19.1%, followed by postgraduate qualifications (9.0%) and graduate diplomas (2.2%). Trade and technical skills feature prominently, with 33.2% of residents aged 15+ holding vocational credentials, including advanced diplomas (7.8%) and certificates (25.4%).

Educational participation is notably high, with 36.2% of residents aged 15+ 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

Public transport analysis reveals 10 active transport stops operating within Invermay, comprising a mix of buses. These stops are serviced by 29 individual routes, collectively providing 2,693 weekly passenger trips. Transport accessibility is rated as good, with residents typically located 289 meters from the nearest transport stop. As a primarily residential area, most residents commute outward; the car remains the dominant mode at 83%, with 10% walking. Vehicle ownership averages 1.0 per dwelling, which is below the regional average. A relatively low 5.9% of residents work from home (2021 Census; may reflect COVID-19 conditions).

Service frequency averages 384 trips per day across all routes, equating 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

Health data reveals substantial challenges facing Invermay, based on AreaSearch's assessment of mortality rates and chronic condition prevalence. The prevalence of common health conditions is notable across both younger and older age cohorts, and the rate of private health cover is extremely low at approximately 47% of the total population (~1,653 people). This compares to 49.1% across Regional Tas. and a national average of 55.7%.

The most common medical conditions in the area are mental health issues and arthritis, impacting 13.4% and 8.8% of residents, respectively, while 63.0% declared themselves as completely clear of medical ailments compared to 62.0% across Regional Tas. The working-age population faces notable health challenges with elevated chronic condition rates. The area has 14.1% of residents aged 65 and over (500 people), which is lower than the 24.9% in Regional 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 is above average in terms of cultural diversity, with 22.5% of its population born overseas and 17.1% speaking a language other than English at home. The main religion in Invermay is Christianity, which makes up 33.7% of the population. However, the most apparent overrepresentation is in Other, which comprises 1.9% of the population, compared to 0.7% across Regional Tas..

In terms of ancestry (country of birth of parents), the top three represented groups in Invermay are English, comprising 30.4% of the population; Australian, comprising 26.9% of the population, which is notably lower than the regional average of 32.6%; and Other, comprising 9.9% of the population, which is substantially higher than the regional average of 4.6%. Additionally, there are notable divergences in the representation of certain other ethnic groups: Australian Aboriginal is represented at 3.5% of Invermay (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

With a median age of 32, Invermay is considerably lower than the Regional Tas. figure of 45 and similarly significantly lower than Australia's 38 years. Compared to the Regional Tas. average, the 25 - 34 cohort is notably over-represented (24.4% locally), while 65 - 74 year-olds are under-represented (8.4%). This 25 - 34 concentration is well above the national 14.4%. In the period since 2021, the 25 to 34 age group has grown from 22.1% to 24.4% of the population, while the 35 to 44 cohort increased from 11.1% to 13.2%. 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 9.6%. Demographic modeling suggests Invermay's age profile will evolve significantly by 2041. The 45 to 54 age cohort is projected to see notable expansion, increasing by 89 people (24%) from 370 to 460. Conversely, both the 5 to 14 and 15 to 24 age groups will see reduced numbers.