Risdon Vale

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

Risdon Vale's population was approximately 3,777 as of February 2026. This figure represents an increase of 276 people since the 2021 Census, which recorded a population of 3,501. The growth is inferred from the estimated resident population of 3,775 in June 2024 and the addition of 255 validated new addresses post-Census. This results in a population density of 106 persons per square kilometer. Risdon Vale's growth rate of 7.9% since the 2021 Census exceeded both the SA4 region (4.9%) and Greater Hobart, making it a growth leader. Interstate migration contributed approximately 67.7% to overall population gains during recent periods, with all drivers being positive factors.

AreaSearch uses ABS/Geoscience Australia projections for each SA2 area released in 2024, based on 2022 data. For areas not covered by this data and post-2032 growth by age group, Tasmania State Government's Regional/LGA projections from 2022 using 2021 as the base year are adopted with adjustments made through weighted aggregation of population growth from LGA to SA2 levels. Future trends suggest a population increase just below the Australian median statistical areas' average, with Risdon Vale expected to grow by 399 persons to 2041 based on latest annual ERP population numbers, reflecting an overall increase of 10.5% over the 17-year period.

AreaSearch assessment of residential approval activity sees Risdon Vale among the top 30% of areas assessed nationwide

Risdon Vale has received approximately 33 dwelling approvals per year over the past five financial years, totaling 166 homes. As of FY26, 19 approvals have been recorded. Each dwelling built in the area between FY21 and FY25 has led to an average of 2.2 new residents annually. The construction cost value of these dwellings averages $331,000.

In FY26 alone, commercial development approvals reached $67.5 million. Compared to Greater Hobart, Risdon Vale has seen 48% more development per person over the past five years. All recent developments in the area have been detached dwellings, maintaining its low-density character.

With approximately 103 people moving into the area for each approval granted, Risdon Vale is considered a developing region. By 2041, it is projected to gain an additional 397 residents based on current development patterns and AreaSearch estimates.

Risdon Vale has limited levels of nearby infrastructure activity, ranking in the 8thth percentile nationally

No changes can significantly affect a region's performance like modifications to local infrastructure, major projects, and planning initiatives. AreaSearch has identified zero projects that could potentially impact this area. Notable projects include Northern Suburbs Transit Corridor (NSTC), Glenorchy Ambulance Super Station, Homes Tasmania Social Housing Program, and Intercity Cycleway Enhancements, with the following list outlining those most likely to be relevant.

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Employment conditions in Risdon Vale face significant challenges, ranking among the bottom 10% of areas assessed nationally

Risdon Vale has a diverse workforce with both white and blue collar jobs, with essential services well represented. The unemployment rate here is 10.4%. As of September 2025, there are 1,219 employed residents, which is 6.4% higher than Greater Hobart's 4.0% unemployment rate.

Workforce participation in Risdon Vale lags at 43.6%, compared to Greater Hobart's 63.8%. Census data shows that only 4.4% of residents work from home. Employment is concentrated in health care & social assistance, retail trade, and construction. Retail trade has a particularly high employment share at 1.5 times the regional level.

Conversely, professional & technical services show lower representation at 3.1%, compared to the regional average of 6.6%. The area may offer limited local employment opportunities, as indicated by the ratio of working population to resident population. Over the past year, labour force decreased by 0.4% and employment declined by 1.3%, leading to a rise in unemployment by 0.8 percentage points. In contrast, Greater Hobart saw an employment decline of 0.7% and labour force decline of 0.9%, with a drop in unemployment of 0.2 percentage points. Jobs and Skills Australia's national employment forecasts from May-25 suggest that Risdon Vale's employment should increase by 6.4% over five years and 13.4% over ten years, based on industry-specific projections applied to the local employment mix.

Income figures position the area below 75% of locations analysed nationally by AreaSearch

AreaSearch's latest postcode level ATO data released for financial year 2023 indicates Risdon Vale SA2 had a median income among taxpayers of $51,195 and an average of $53,016. Both figures are below the national averages. Greater Hobart had a median income of $54,577 and an average of $65,190 in the same period. Based on Wage Price Index growth of 9.6% since financial year 2023, estimated incomes for September 2025 would be approximately $56,110 (median) and $58,106 (average). Census data reveals household, family, and personal incomes in Risdon Vale fall between the 7th and 10th percentiles nationally. Income distribution shows that 31.1% of individuals earn between $800 - 1499, contrasting with regional levels where the $1500 - 2999 bracket leads at 32.2%. Housing affordability pressures are severe in Risdon Vale, with only 82.1% of income remaining after housing costs, ranking at the 7th percentile nationally.

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

Risdon Vale's dwelling structures, as per the latest Census, were 93.1% houses and 6.9% other dwellings (semi-detached, apartments, 'other' dwellings), compared to Hobart metro's 85.3% houses and 14.7% other dwellings. Home ownership in Risdon Vale was at 29.9%, with mortgaged dwellings at 38.3% and rented ones at 31.7%. The median monthly mortgage repayment was $1,083, lower than Hobart metro's average of $1,517. Median weekly rent in Risdon Vale was $320, compared to Hobart metro's $350. Nationally, Risdon Vale's mortgage repayments were significantly lower than the Australian average of $1,863, and rents were substantially below the national figure of $375.

Risdon Vale has a typical household mix, with a fairly typical median household size

Family households account for 67.6% of all households, including 23.0% couples with children, 23.2% couples without children, and 19.9% single parent families. Non-family households make up the remaining 32.4%, with lone person households at 29.1% and group households comprising 2.9%. The median household size is 2.4 people, which matches the Greater Hobart average.

Risdon Vale faces educational challenges, with performance metrics placing it in the bottom quartile of areas assessed nationally

The area's university qualification rate is 11.2%, significantly lower than the SA4 region average of 32.8%. Bachelor degrees are most common at 8.1%, followed by postgraduate qualifications (2.2%) and graduate diplomas (0.9%). Vocational credentials are prevalent, with 33.9% of residents aged 15+ holding them, including advanced diplomas (5.3%) and certificates (28.6%). Educational participation is high at 40.9%, comprising primary education (18.2%), secondary education (11.0%), and tertiary education (3.1%).

Educational participation is notably high, with 40.9% of residents currently enrolled in formal education. This includes 18.2% in primary education, 11.0% in secondary education, and 3.1% pursuing tertiary education.

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

Risdon Vale has 33 active public transport stops, all of which are bus stops. These stops are served by 87 different routes that together facilitate 5657 weekly passenger trips. Transport accessibility is high, with residents on average located 128 meters from the nearest stop. Most residents commute outwards, primarily using cars (92%). On average, there are 1.2 vehicles per dwelling, below the regional average. Only 4.4% of residents work from home (2021 Census).

Service frequency averages 808 trips daily across all routes, equating to approximately 171 weekly trips per stop.

Health performance in Risdon Vale is a key challenge with a range of health conditions having marked impacts on both younger and older age cohorts

Risdon Vale faces significant health challenges, as determined by AreaSearch's assessment of mortality rates and chronic condition prevalence. Multiple health conditions affect both younger and older age groups. Private health cover is low at approximately 46% of the total population (around 1,748 people), compared to 51.7% in Greater Hobart and a national average of 55.7%.

Mental health issues and arthritis are the most prevalent conditions, affecting 13.0% and 10.5% of residents respectively. However, 58.9% of residents report having no medical ailments, compared to 65.5% in Greater Hobart. The working-age population experiences notable health challenges due to higher chronic condition rates. Risdon Vale has 14.9% of residents aged 65 and over (563 people), lower than the 19.9% in Greater Hobart. Health outcomes among seniors present some challenges, generally aligning with national rankings for the overall population.

Risdon Vale is considerably less culturally diverse than average when assessed alongside AreaSearch's national rankings for language and cultural background related metrics

Risdon Vale had a below-average cultural diversity level, with 75.8% being citizens, 92.0% born in Australia, and 95.2% speaking English only at home. Christianity was the predominant religion (37.8%). Islam's representation was higher than the Greater Hobart average (0.7% vs.

1.3%). The top three ancestry groups were English (37.2%), Australian (34.2%), and Australian Aboriginal (7.1%), each exceeding their respective regional averages.

Risdon Vale's population is younger than the national pattern

Risdon Vale's median age is 34 years, which is lower than the Greater Hobart average of 39 years and significantly below the Australian median of 38 years. Compared to Greater Hobart, Risdon Vale has a higher proportion of residents aged 25-34 (20.4%) but fewer residents aged 65-74 (6.7%). This concentration of 25-34 year-olds is notably above the national average of 14.4%. According to the 2021 Census, the proportion of Risdon Vale's population aged 25 to 34 has increased from 18.9% to 20.4%, while the proportion aged 85 and over has risen from 1.5% to 2.7%. Conversely, the proportion of residents aged 55 to 64 has decreased from 10.1% to 8.8%. By 2041, demographic modeling indicates significant changes in Risdon Vale's age profile. The 45 to 54 age group is projected to grow by 67%, adding 266 residents to reach a total of 666. Meanwhile, both the 65 to 74 and 35 to 44 age groups are expected to see reduced numbers.