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 is around 3,511 as of August 2025. This reflects an increase of 13 people from the 2021 Census figure of 3,498. The change is inferred from ABS estimated resident population data: 3,515 in June 2024 and four additional validated addresses since the Census date. Population density stands at 871 persons per square kilometer, roughly aligning with averages across locations assessed by AreaSearch. Invermay's compound annual growth rate over the past decade is 1.1%, outperforming its SA3 area. Overseas migration drove population growth, contributing approximately 99.0% of overall 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 this data and post-2032 age group growth estimation, Tasmania State Government's Regional/LGA projections from 2022 (base year: 2021) are adopted with adjustments using weighted aggregation methods at LGA to SA2 levels. Future demographic trends suggest a population increase just below the median of Australian non-metropolitan areas by 2041, with an expected expansion of 292 persons and an overall gain of 8.4%.

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 each year. Development approval data is produced by the Australian Bureau of Statistics on a financial year basis. Over the past five financial years, from FY21 to FY25, 24 dwellings were approved with two approvals so far in FY26. On average, 4.5 people have moved to Invermay for each dwelling built over these five years, indicating strong demand exceeding new supply.

New properties are constructed at an average expected construction cost of $334,000, aligning with regional trends. This financial year has seen $75.0 million in commercial approvals, suggesting robust local business investment. Compared to the Rest of Tasmania, Invermay shows substantially reduced construction activity, being 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, with all recent activity consisting 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, reflecting persistent strong demand for family homes. The estimated population per dwelling approval is 427 people, reflecting its quiet development environment. Future projections indicate Invermay adding 295 residents by 2041. 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 18thth percentile nationally

Changes in local infrastructure significantly impact an area's performance. AreaSearch has identified 21 projects expected to influence the region. Notable ones include UTAS Stadium Redevelopment, kanamaluka Cultural Centre (including Conference & Exhibition Space), Flood Levee Protected Areas Specific Area Plan, and Launceston General Hospital Mental Health Precinct. The following list details those most relevant.

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

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 5.6% as of June 2025.

Over the past year, Invermay has shown relative employment stability. In comparison to Rest of Tas., Invermay's unemployment rate is 1.7% higher at 3.9%, while workforce participation remains similar at 55.7%. Key employment sectors in Invermay include health care & social assistance, accommodation & food, and retail trade. Notably, the accommodation & food sector has a high concentration 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 Rest of Tas.'s 8.4%. As of the Census, Invermay hosts more jobs than residents, with a ratio of 1.1 workers per resident, functioning as an employment hub attracting workers from nearby areas. Between June 2024 and June 2025, labour force levels in Invermay decreased by 1.5%, while employment declined by 0.5%. This resulted in a 1.0 percentage point fall in the unemployment rate. In contrast, Rest of Tas. saw employment contract by 0.5%, with the labour force falling by 0.6% and unemployment decreasing marginally. Statewide data from Sep-25 shows that Tasmania's employment grew by 0.77% year-on-year, adding 1,170 jobs, with an unemployment rate of 4.3%. This compares favourably to the national unemployment rate of 4.5%, as Tasmania's employment growth outpaces the national average of 0.26%. National employment forecasts from Jobs and Skills Australia, released in May 2025, project a 6.6% increase 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.

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 ATO data aggregated by AreaSearch. The average income stood at $50,592 during the same period. For comparison, Rest of Tas.'s median and average incomes were $47,358 and $57,384 respectively in financial year 2022. Based on Wage Price Index growth of 11.94% since that year, estimated current incomes as of March 2025 would be approximately $51,214 (median) and $56,633 (average). Census 2021 income data shows household, family and personal incomes in Invermay all fall between the 9th and 15th percentiles nationally. In Invermay, 28.4% of the population earned within the $800 - $1,499 range, contrasting with the surrounding region where the $1,500 - $2,999 bracket led at 28.5%. Housing affordability pressures are severe in Invermay, with only 81.5% of income remaining, ranking at the 9th percentile.

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). In comparison, Non-Metro Tas. had 82.1% houses and 17.9% other dwellings. Home ownership in Invermay was 24.1%, with the remainder being mortgaged (24.1%) or rented (51.8%). The median monthly mortgage repayment in Invermay was $1,092, below Non-Metro Tas.'s average of $1,300. The median weekly rent figure for Invermay was $285, compared to Non-Metro Tas.'s $280. Nationally, Invermay's mortgage repayments were significantly lower than 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 percent of all households, including 17.6 percent couples with children, 22.3 percent couples without children, and 13.6 percent single parent families. Non-family households constitute the remaining 44.6 percent, with lone person households at 37.3 percent and group households making up 7.6 percent of the total. 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% have 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 also 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. Invermay's 3 schools have a combined enrollment reaching 700 students. The schools demonstrate typical Australian school conditions with an ICSEA score of 970, indicating balanced educational opportunities. Education provision is balanced with 2 primary and 1 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 operating currently. These are all bus stops. Sixteen different routes service these stops together offering 1981 weekly passenger trips.

Transport accessibility is good with residents typically located 289 meters from the nearest stop. On average, there are 283 trips daily across all routes, equating 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, with common conditions prevalent across both younger and older age groups. Private health cover is low at approximately 46% (around 1,622 people), compared to 50.6% in the rest of Tasmania and a national average of 55.3%. Mental health issues and arthritis are the most common conditions, affecting 13.4% and 8.8% of residents respectively.

63.0% report no medical ailments, similar to the 63.9% in the rest of Tasmania. Invermay has 14.1% (around 495 people) aged 65 and over, lower than the 19.9% in the rest of Tasmania. Health outcomes among seniors present challenges broadly aligned with the general 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 population shows higher cultural diversity, with 22.5% born overseas and 17.1% speaking a language other than English at home. Christianity is the predominant religion, at 33.7%. Notably, 'Other' religion makes up 1.9%, slightly more than the regional average of 1.1%.

In terms of ancestry, the top groups are English (30.4%), Australian (26.9%), and Other (9.9%). Some ethnic groups have higher representation in Invermay: Australian Aboriginal at 3.5% (regionally 2.7%), Chinese at 3.3% (regionally 1.6%), and Dutch at 1.3% (regionally 2.0%).

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

Invermay's median age is 33 years, significantly lower than the Rest of Tas. average of 45 and the Australian median of 38. The 25-34 cohort is notably over-represented at 24.2% locally compared to the Rest of Tas. average, while the 65-74 year-olds are under-represented at 8.6%. This 25-34 concentration is well above the national average of 14.5%. According to the 2021 Census, the 25 to 34 age group has increased from 22.1% to 24.2%, while the 35 to 44 cohort has risen from 11.1% to 12.6%. Conversely, the 15 to 24 cohort has decreased from 17.6% to 15.8% and the 55 to 64 group has dropped from 11.0% to 9.9%. By 2041, demographic modeling suggests Invermay's age profile will change significantly. The 45 to 54 cohort is projected to grow by 21%, adding 80 residents to reach 460. Meanwhile, both the 15 to 24 and 5 to 14 age groups are expected to decrease in numbers.