Riverside
Statistical Area - sa2

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

Riverside's population was 7,275 as of the 2021 Census. By Nov 2025, it is estimated to be around 7,562, an increase of 287 people (3.9%). This growth is inferred from ABS data showing an estimated resident population of 7,497 in June 2024 and the addition of 185 validated new addresses since the Census date. The population density as of Nov 2025 is 156 persons per square kilometer. Over the past decade, Riverside's compound annual growth rate was 1.5%, outperforming its SA3 area. Overseas migration was the primary driver of population growth during this period.

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 growth by age group, Tasmania State Government's Regional/LGA projections from 2022 with a base year of 2021 are adopted, adjusted using weighted aggregation methods. Based on current demographic trends, Riverside is expected to increase by just below the median rate of Australia's regional areas, adding 576 persons by 2041, reflecting a total increase of 6.8% over those 17 years.

Recent residential development output has been above average within Riverside when compared nationally

Riverside has granted approximately 45 residential property approvals each year over the past five financial years, totalling 225 homes. As of FY-26, 11 approvals have been recorded. On average, 1.7 new residents were added per dwelling constructed annually between FY-21 and FY-25. However, this figure has moderated to -0.1 people per dwelling over the past two financial years. The average value of new homes being built is $336,000.

This year, there have been $2.6 million in commercial approvals. Compared to the rest of Tasmania, Riverside has shown moderately higher new home approvals, with 39.0% above the regional average per person over the five-year period. All recent development has comprised detached dwellings, maintaining the area's low density nature and attracting space-seeking buyers.

With around 174 people per approval, Riverside reflects a low-density area. Population forecasts indicate Riverside will gain 511 residents by 2041. Current construction levels should adequately meet demand, creating favourable conditions for buyers while potentially enabling growth that exceeds current forecasts.

Riverside has limited levels of nearby infrastructure activity, ranking in the 7thth percentile nationally

Local infrastructure changes significantly influence an area's performance. AreaSearch has identified 35 projects potentially impacting the region. Notable initiatives include West Tamar Highway upgrades from Trevallyn to Riverside, Stanton Rise Estate development, construction at 47 Orana Place for multiple dwellings, and another multiple dwelling project at 463 West Tamar Road in Riverside. The following list details those most relevant:.

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 in Riverside shows considerable strength compared to most other Australian regions

Riverside's workforce is well-educated with prominent representation in essential services sectors. The unemployment rate was 1.9% as of June 2025.

At this time, 3,888 residents were employed while the unemployment rate was 2.1 percentage points lower than Rest of Tas.'s rate of 3.9%. Workforce participation stood at 61.7%, surpassing Rest of Tas.'s 55.7%. Key industries for Riverside residents included health care & social assistance, education & training, and retail trade. The area showed strong specialization in education & training with an employment share 1.4 times the regional level, while agriculture, forestry & fishing employed just 2.6% of local workers compared to Rest of Tas.'s 8.4%.

Labour force levels decreased by 1.5% and employment declined by 1.4% over the year to June 2025, leading to a slight fall in unemployment rate. In contrast, Rest of Tas. saw employment contract by 0.5%, labour force fall by 0.6%, and marginal unemployment reduction. National employment forecasts from Jobs and Skills Australia (May 2025) projected national growth of 6.6% over five years and 13.7% over ten years, with Riverside's local growth estimated at approximately 6.7% over five years and 14.0% over ten years based on its employment mix.

Income levels align closely with national averages, indicating typical economic conditions for Australian communities according to AreaSearch analysis

According to AreaSearch's aggregation of the latest postcode level ATO data released for financial year 2022, Riverside had a median income among taxpayers of $53,911. The average income stood at $67,801. This was higher than the national average and compared to levels of $47,358 in Rest of Tas. Based on Wage Price Index growth of 13.83% since financial year 2022, current estimates would be approximately $61,367 for median income and $77,178 for average income as of September 2025. Census data reveals household incomes rank at the 40th percentile, family incomes at the 39th, and personal incomes at the 44th in Riverside. Distribution data shows that 31.4% of individuals earn between $1,500 and $2,999, consistent with regional trends where 28.5% fall into this category. Housing costs allow for retention of 87.2% of income, but disposable income ranks at the 41st percentile. The area's SEIFA income ranking places it in the fifth decile.

Riverside is characterized by a predominantly suburban housing profile, with above-average rates of outright home ownership

In Riverside, as assessed in the latest Census, 95.1% of dwellings were houses with the remaining 4.9% being other types such as semi-detached properties, apartments, and 'other' dwellings. In contrast, Non-Metro Tas. had 82.1% houses and 17.9% other dwellings. Home ownership in Riverside stood at 38.7%, with mortgaged dwellings at 35.8% and rented ones at 25.4%. The median monthly mortgage repayment was $1,430, higher than Non-Metro Tas.'s average of $1,300. The median weekly rent in Riverside was $300, compared to Non-Metro Tas.'s $280. Nationally, Riverside's mortgage repayments were lower at $1,430 versus the Australian average of $1,863, and rents were also lower at $300 compared to the national figure of $375.

Riverside has a typical household mix, with a higher-than-average median household size

Family households constitute 70.2% of all households, including 28.9% couples with children, 29.8% couples without children, and 10.5% single parent families. Non-family households account for the remaining 29.8%, with lone person households at 27.4% and group households comprising 2.4% of the total. The median household size is 2.5 people, which is larger than the Rest of Tas. average of 2.3.

Riverside performs slightly above the national average for education, showing competitive qualification levels and steady academic outcomes

In Riverside, a significant proportion of residents aged 15 and over have university qualifications, with 29.7% compared to the Rest of Tas.'s 19.3% and SA4 region's 21.7%. Bachelor degrees are most common at 19.3%, followed by postgraduate qualifications at 7.3% and graduate diplomas at 3.1%. Vocational credentials are also prevalent, with 34.3% of residents holding such qualifications, including advanced diplomas (10.7%) and certificates (23.6%). Educational participation is high in Riverside, with 27.8% of residents currently enrolled in formal education, comprising 10.2% in primary, 8.5% in secondary, and 4.0% in tertiary education. The area has four schools with a combined enrollment of 2,353 students, functioning as an education hub with 31.1 school places per 100 residents, exceeding the regional average of 18.4.

Educational participation is notably high, with 27.8% of residents currently enrolled in formal education. This includes 10.2% in primary education, 8.5% in secondary education, and 4.0% pursuing tertiary education. Riverside's 4 schools have combined enrollment reaching 2,353 students while the area demonstrates typical Australian school conditions (ICSEA: 1033) with balanced educational opportunities. The educational mix includes 2 primary, 1 secondary, 1 K-12 school. The area functions as an education hub with 31.1 school places per 100 residents – significantly above the regional average of 18.4 – attracting students from surrounding communities.

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

Riverside has 43 active public transport stops operating within its boundaries. These stops serve a mix of bus routes, totalling 115 individual routes. Together, they facilitate 10,109 weekly passenger trips.

The transport accessibility in Riverside is rated good, with residents on average located 267 meters from the nearest transport stop. On a daily basis, there are an average of 1,444 trips across all routes, which equates to approximately 235 weekly trips per individual stop.

Health performance in Riverside is lower than average with common health conditions somewhat prevalent across both younger and older age cohorts

Riverside faces significant health challenges with common health conditions prevalent across both younger and older age cohorts. The rate of private health cover is approximately 53%, comprising around 4038 people.

This compares to a 50.6% rate across the Rest of Tasmania. The most common medical conditions are arthritis, impacting 9.8% of residents, and mental health issues, affecting 9.4%. About 65.1% of residents declare themselves completely clear of medical ailments, compared to 63.9% across the Rest of Tasmania. The area has 22.6% of residents aged 65 and over, totaling around 1708 people, which is higher than the 19.9% in the Rest of Tasmania. Health outcomes among seniors present some challenges, broadly aligning with the general population's health profile.

Riverside ranks below the Australian average when compared to other local markets across a number of language and cultural background related metrics

Riverside, surveyed in August 2021, showed low cultural diversity with 82.3% born in Australia, 89.1% being citizens, and 90.2% speaking English only at home. Christianity dominated Riverside's religion at 46.2%. Hinduism was overrepresented at 2.3%, compared to Rest of Tas.'s 2.5%.

Top ancestry groups were English (31.7%), Australian (29.9%), and Scottish (7.5%). Dutch (4.3% vs regional 2.0%), Korean (0.3% vs 0.1%), and Sri Lankan (0.2% vs 0.1%) ethnicities showed notable overrepresentation.

Riverside's population is slightly older than the national pattern

Riverside's median age is 40 years, which is lower than the Rest of Tas average of 45 but higher than Australia's average of 38 years. The age profile indicates that those aged 15-24 are notably prominent at 13.2%, while the 55-64 age group is relatively smaller at 10.8% compared to the Rest of Tas. Between 2021 and present, the proportion of 15-24 year-olds has increased from 11.8% to 13.2%, and the 35-44 cohort has risen from 12.4% to 13.7%. Conversely, the 25-34 age group has decreased from 12.7% to 11.3%, and the 55-64 age group has fallen from 12.1% to 10.8%. By 2041, population forecasts suggest significant demographic changes in Riverside. The 85+ cohort is projected to grow by 89%, adding 196 residents to reach a total of 417. Residents aged 65 and above will drive 51% of the population growth, highlighting trends towards demographic aging. Conversely, population declines are forecast for those aged 0-4 and 65-74 years.