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Sales Activity
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Population
Old Beach - Otago lies within the top quartile of areas nationally for population growth performance according to AreaSearch analysis of recent, and medium to long-term trends
Old Beach - Otago's population is around 5,363 as of November 2025. This reflects an increase of 374 people since the 2021 Census, which reported a population of 4,989 people. The change is inferred from the estimated resident population of 5,241 from the ABS as of June 2024 and an additional 282 validated new addresses since the Census date. This level of population equates to a density ratio of 169 persons per square kilometer. Old Beach - Otago's 7.5% growth since the 2021 census exceeded the SA4 region (4.3%), along with the metropolitan area, marking it as a growth leader in the region. Population growth for the area was primarily driven by natural growth contributing approximately 44.7% of overall population gains during recent periods.
AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, released in 2024 with 2022 as the base year. For areas not covered, Tasmania State Government's Regional/LGA projections are adopted with adjustments made employing a method of weighted aggregation of population growth from LGA to SA2 levels. Future population trends project an above median growth for national areas, with Old Beach - Otago expected to grow by 1,085 persons to 2041 based on the latest population numbers, reflecting an increase of 17.9% in total over the 17 years.
Frequently Asked Questions - Population
Development
AreaSearch assessment of residential development activity positions Old Beach - Otago among the top 25% of areas assessed nationwide
Old Beach - Otago has seen approximately 63 new homes approved annually. Over the past five financial years, from FY21 to FY25, around 317 homes were approved, with an additional 13 approved so far in FY26. On average, about 1.2 new residents have arrived per year for each new home over these five years, suggesting a balanced supply and demand, stable market conditions, and moderate dwelling values averaging $328,000.
Commercial development activity has been minimal this financial year, with $75,000 in approvals registered to date. Compared to Greater Hobart, Old Beach - Otago shows elevated construction levels, at 38.0% above the regional average per person over the past five years, indicating good buyer choice and supporting property values. This activity reflects strong developer confidence in the area. All recent development has comprised detached dwellings, maintaining the area's traditional low-density character with a focus on family homes.
With around 66 people per approval, Old Beach - Otago is considered a developing area. Population forecasts project an increase of 962 residents by 2041. At current development rates, new housing supply should comfortably meet demand, providing favorable conditions for buyers and potentially supporting growth beyond current population projections.
Frequently Asked Questions - Development
Infrastructure
Old Beach - Otago has limited levels of nearby infrastructure activity, ranking in the 8thth percentile nationally
Changes to local infrastructure significantly influence an area's performance. AreaSearch identified ten projects likely impacting the area. Notable ones are Chocolate Experience at Cadbury Tasmania, Windermere Bay Precinct, Cadbury Experience, and Glenorchy Sports Centre. The following details projects deemed most relevant.
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INFRASTRUCTURE SEARCH
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Frequently Asked Questions - Infrastructure
New Bridgewater Bridge
The New Bridgewater Bridge is a 1.2-kilometre four-lane concrete box girder bridge that opened on June 1, 2025, replacing the 78-year-old lift-span bridge across the River Derwent. Tasmania's largest ever transport infrastructure project connects the Brooker Highway at Granton to the Midland Highway at Bridgewater, serving 22,000 trips daily. The $786 million bridge features enhanced interchanges at both ends, a 3-metre-wide shared pathway for cyclists and pedestrians, and 16-metre marine navigation clearance matching the Bowen Bridge. Construction utilized 1,082 precast concrete segments produced in a purpose-built facility. The project supported over 1,000 direct and indirect jobs and won the prestigious Australian Construction Achievement Award in August 2025. The bridge was delivered on time and on budget, with the Australian Government contributing $628.8 million and the Tasmanian Government contributing $157.2 million.
Wilkinsons Point Precinct
A transformational $500 million mixed-use precinct on a 15-hectare waterfront site featuring a 12-storey, 250-room hotel, 120 student apartments, sports centre with basketball courts and gyms, waterfront food and beverage facilities, sports-related retail, public spaces and trails, ferry terminal, and community facilities. The development will be staged across three phases and aims to create a sports and entertainment destination comparable to what MONA has achieved for culture and arts in Tasmania's northern suburbs.
Chocolate Experience at Cadbury Tasmania
A $150 million flagship tourism development that will transform the waterfront parklands beside the Cadbury factory at Claremont into the Chocolate Experience at Cadbury Tasmania. The project will create an immersive visitor attraction featuring Chocolate Central, a Chocolate Immersion Tour with zones such as the Cacao Forest, Chocolate Lab, Dairy and Taste Kitchen, along with a Chocolate Lounge, Premium Chocolate Studio, Build Your Own Bar experience and retail emporium. The precinct will add a new ferry terminal, upgraded foreshore paths and landscaped public areas, and is forecast to attract around 550,000 visitors a year and inject about $120 million annually into the Tasmanian visitor economy.
Windermere Bay Precinct
A 3.75 hectare mixed-use development on the former Claremont Primary School site comprising 261 apartments, 54 townhouses (315 dwellings total), childcare centre, cafe, community hall, and local shopping spaces. The project is designed by award-winning Tasmanian architects Circa Morris-Nunn Chua and aims to provide quality affordable housing in a medium-density model. The development preserves historic school buildings for community use and features two large green spaces with river views. The precinct aligns with the Greater Glenorchy Plan to increase density along the northern transport corridor.
Glenorchy Ambulance Super Station
A state-of-the-art $14.45 million ambulance facility designed to future-proof paramedic services for Greater Hobart. The super station accommodates up to 18 ambulances and features modern training facilities, contemporary staff amenities, and direct access to the Brooker Highway for faster emergency responses. Three times larger than the previous Glenorchy station, paramedics here respond to over 7,000 incidents annually, making it one of Tasmania's most active ambulance stations. Construction completed February 2025, fully operational April 2025.
Royal Hobart Showgrounds Redevelopment (Wilkinsons Point Precinct)
Major redevelopment of the Royal Hobart Showgrounds as part of the Wilkinsons Point Precinct. The $300 million transformation includes a new pavilion, 1,500-seat theatre, auditoriums, arena, plaza for up to 100 market stalls, public bar, caf', and retail and commercial spaces. The project will deliver over 450 new homes including 150 social and affordable housing units. First stage valued at $50 million was approved by Glenorchy City Council in January 2025. The redeveloped showgrounds will serve as an emergency centre and continue to host the Royal Hobart Show while creating a vibrant community hub. Large-scale sports and entertainment precinct including multi-purpose arena, outdoor recreation facilities, entertainment venues and community spaces.
Homes Tasmania Social Housing Program
Statewide social housing program delivering over 1,000 social housing dwellings under the Community Housing Growth Program. Includes 23 new units approved at Glenorchy site and 15 new units at another Glenorchy location, with modular construction methods to accelerate delivery.
MONA Hotel Development
Proposed 172-room luxury hotel at MONA featuring cantilevered design over River Derwent. Includes theatre, spa centre, conference facilities and outdoor concert stage.
Employment
The labour market in Old Beach - Otago shows considerable strength compared to most other Australian regions
Old Beach - Otago has a skilled workforce with an unemployment rate of 2.1% as of June 2025. This is lower than Greater Hobart's rate of 4.1%.
Workforce participation in Old Beach - Otago is high at 67.4%, compared to Greater Hobart's 61.6%. Key employment sectors include health care & social assistance, public administration & safety, and construction. The area has a strong focus on construction, with an employment share 1.2 times the regional level. Conversely, accommodation & food services have lower representation at 4.8%, compared to the regional average of 8.0%.
Analysis of SALM and ABS data for the 12-month period ending June 2025 showed a 1.6% decrease in labour force and a 1.7% decline in employment, with unemployment remaining broadly stable. In contrast, Greater Hobart experienced an employment decline of 1.5% and a labour force decline of 1.6%, along with a 0.2 percentage point drop in unemployment. Jobs and Skills Australia's national employment forecasts from May 2025 project national employment growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Old Beach - Otago's employment mix suggests local growth of approximately 6.4% over five years and 13.5% over ten years, based on a simple weighting extrapolation for illustrative purposes.
Frequently Asked Questions - Employment
Income
Income analysis reveals strong economic positioning, with the area outperforming 60% of locations assessed nationally by AreaSearch
AreaSearch released postcode level ATO data for financial year 2022. Old Beach - Otago had a median income of $56,327 and an average of $62,595 among taxpayers. This was slightly below the national average. Greater Hobart's median income was $51,272 with an average of $63,777. Using Wage Price Index growth of 13.83% since financial year 2022, estimated incomes for September 2025 are approximately $64,117 (median) and $71,252 (average). Census data shows household, family, and personal incomes in Old Beach - Otago cluster around the 61st percentile nationally. The earnings band of $1,500 to $2,999 captures 38.9% of the community (2,086 individuals), similar to regional levels at 32.2%. After housing costs, residents retain 88.1% of their income, indicating strong purchasing power. The area's SEIFA income ranking places it in the 5th decile.
Frequently Asked Questions - Income
Housing
Old Beach - Otago is characterized by a predominantly suburban housing profile, with above-average rates of outright home ownership
Old Beach - Otago's dwelling structure, as per the latest Census, consisted of 91.6% houses and 8.4% other dwellings (semi-detached, apartments, 'other' dwellings), compared to Hobart metro's 91.6% houses and 8.4% other dwellings. Home ownership in Old Beach - Otago stood at 37.7%, with mortgaged properties at 51.0% and rented ones at 11.3%. The median monthly mortgage repayment was $1,517, higher than Hobart metro's average of $1,400. Median weekly rent in Old Beach - Otago was $400, compared to Hobart metro's $280. Nationally, Old Beach - Otago's mortgage repayments were lower at $1,517 versus the Australian average of $1,863, while rents were higher at $400 compared to the national figure of $375.
Frequently Asked Questions - Housing
Household Composition
Old Beach - Otago features high concentrations of family households, with a fairly typical median household size
Family households comprise 79.9% of all households, including 34.5% couples with children, 35.2% couples without children, and 9.5% single parent families. Non-family households account for the remaining 20.1%, with lone person households at 17.9% and group households making up 2.4%. The median household size is 2.6 people, which aligns with the Greater Hobart average.
Frequently Asked Questions - Households
Local Schools & Education
Educational outcomes in Old Beach - Otago fall within the lower quartile nationally, indicating opportunities for improvement in qualification attainment
The area's university qualification rate is 19.0%, significantly lower than the SA4 region average of 32.8%. Bachelor degrees are most common at 12.8%, followed by postgraduate qualifications (4.1%) and graduate diplomas (2.1%). Vocational credentials are held by 40.1% of residents aged 15+, with advanced diplomas at 10.7% and certificates at 29.4%. Educational participation is high, with 26.0% currently enrolled in formal education: primary (10.5%), secondary (6.4%), and tertiary (3.4%).
Schools appear located outside the immediate catchment boundaries, requiring families to access schools in neighboring areas.
Frequently Asked Questions - Education
Schools Detail
Nearby Services & Amenities
Transport
Transport servicing is high compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility
The analysis of public transport in Old Beach - Otago indicates that there are currently 32 active transport stops operating within the area. These stops serve a mix of bus routes, with a total of 95 individual routes providing service to the region. The collective weekly passenger trips facilitated by these routes amount to 8,167.
Transport accessibility is rated as moderate, with residents on average located approximately 404 meters from their nearest transport stop. On an average day, there are about 1,166 trips across all routes, which translates to roughly 255 weekly trips per individual stop.
Frequently Asked Questions - Transport
Transport Stops Detail
Health
Health performance in Old Beach - Otago is lower than average with common health conditions somewhat prevalent across both younger and older age cohorts
Old Beach - Otago faces significant health challenges. Common health conditions are somewhat prevalent across both younger and older age cohorts.
The rate of private health cover is approximately 51% of the total population (~2,740 people), slightly lagging behind the average SA2 area's 48.1%. The most common medical conditions are arthritis and mental health issues, impacting 11.1% and 9.4% of residents respectively. 64.5% of residents declare themselves completely clear of medical ailments, compared to 63.0% across Greater Hobart. The area has 21.9% of residents aged 65 and over (1,175 people), higher than Greater Hobart's 15.7%. Health outcomes among seniors present some challenges, broadly in line with the general population's health profile.
Frequently Asked Questions - Health
Cultural Diversity
Old Beach - Otago is considerably less culturally diverse than average when assessed alongside AreaSearch's national rankings for language and cultural background related metrics
Old Beach-Otago has a cultural diversity below average, with 88.5% of its population born in Australia, 93.5% being citizens, and 93.9% speaking English only at home. Christianity is the main religion in Old Beach-Otago, comprising 50.9% of people, compared to 42.9% across Greater Hobart. The top three ancestry groups are English (34.7%), Australian (32.3%), and Irish (7.6%).
Notably, Polish (0.9%) is overrepresented in Old Beach-Otago compared to the regional average (0.7%), as are Australian Aboriginal (2.9% vs 7.4%) and Russian (0.3% vs 0.1%).
Frequently Asked Questions - Diversity
Age
Old Beach - Otago's median age exceeds the national pattern
The median age in Old Beach - Otago is 41 years, which is higher than Greater Hobart's average of 39 years and exceeds the national average of 38 years. The age profile shows that those aged 75-84 are particularly prominent, making up 8.4% of the population, while those aged 25-34 make up a smaller proportion at 12.2%. Between 2021 and present, the percentage of the population aged 75-84 has grown from 5.7% to 8.4%, while the 55-64 age group has declined from 13.5% to 11.5%, and the 5-14 age group has dropped from 12.5% to 11.1%. By 2041, demographic projections indicate significant shifts in Old Beach - Otago's age structure. The 75-84 age cohort is projected to rise substantially by 312 people (69%), from 451 to 764. Notably, the combined 65+ age groups are expected to account for 55% of total population growth, reflecting the area's aging demographic profile. Conversely, the 25-34 and 55-64 cohorts are projected to experience population declines.