Ulverstone

Ulverstone is positioned among the lower quartile of areas assessed nationally for population growth based on AreaSearch's assessment of recent, and medium term trends

Ulverstone's population was around 7,162 as of Feb 2026, reflecting an increase of 74 people since the 2021 Census which reported a population of 7,088. This change is inferred from ABS estimated resident population of 7,131 in June 2024 and additional validated new addresses since then. The population density was 260 persons per square kilometer. Overseas migration primarily drove Ulverstone's population growth during recent periods. AreaSearch adopted ABS/Geoscience Australia projections for each SA2 area released in 2024 with 2022 as the base year, and Tasmania State Government's Regional/LGA projections for areas not covered by this data, with adjustments made employing a method of weighted aggregation of population growth from LGA to SA2 levels.

Projections indicate Ulverstone's population will decline by 354 persons by 2041, but the 75 to 84 age group is projected to increase by 320 people during this period.

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

Ulverstone has recorded approximately 24 residential properties granted approval each year. Between the financial years FY-21 and FY-25, a total of 122 homes were approved. In FY-26, up to the present time, 24 dwellings have been approved.

Despite population decline during this period, development activity has been relatively adequate, which could be beneficial for buyers due to increased choice. The average expected construction cost value for new dwellings in Ulverstone is $331,000, slightly above the regional average, indicating a focus on quality developments. This financial year alone, $10.2 million worth of commercial development approvals have been recorded, suggesting moderate levels of commercial development activity. Compared to the Rest of Tas., Ulverstone records 14.0% less building activity per person.

Nationally, Ulverstone places among the 66th percentile of areas assessed, though development activity has shown an increase in recent periods. However, this level remains below the national average, suggesting that the area is well-established and potentially subject to planning limitations. All new construction in Ulverstone has been comprised of detached dwellings, maintaining the area's traditional low density character. This focus on family homes may appeal to those seeking more space. With around 211 people per dwelling approval, Ulverstone displays characteristics of a low-density area. Given population projections indicate stability or decline, housing demand pressures in Ulverstone are expected to remain relatively stable or decrease, which could benefit potential buyers due to reduced competition for available properties.

Ulverstone has emerging levels of nearby infrastructure activity, ranking in the 30thth percentile nationally

"Eight projects have been identified by AreaSearch as potentially impacting the area's performance. Key projects include Ulverstone Rise (Trevor Street Subdivision), Ulverstone Rise, Installation of a Wet Electrostatic Scrubber Precipitator, and Jernej Way Residential Subdivision.".

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

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Employment conditions in Ulverstone remain below the national average according to AreaSearch analysis

Ulverstone has a balanced workforce with both white and blue collar jobs, with essential services sectors well represented. The unemployment rate was 4.2% in the past year, showing an estimated employment growth of 6.7%. As of September 2025, there are 3,141 residents employed, with an unemployment rate of 4.5%, slightly higher than Rest of Tas.'s rate of 3.8%.

Workforce participation is lower at 54.1% compared to Rest of Tas.'s 58.6%. According to Census data, only 6.0% of residents work from home. The leading employment industries are health care & social assistance, retail trade, and construction.

Conversely, agriculture, forestry & fishing has a lower representation at 4.7%, compared to the regional average of 8.4%. Many residents commute elsewhere for work based on Census data. Between September 2024 and September 2025, employment levels increased by 6.7% and labour force grew by 5.6%, reducing the unemployment rate by 0.9 percentage points. In comparison, Rest of Tas. had employment growth of 0.7%, labour force growth of 0.5%, with a decrease in unemployment of 0.2 percentage points. National employment forecasts from Jobs and Skills Australia project national employment to expand by 6.6% over five years and 13.7% over ten years, but growth rates vary significantly between industries. Applying these projections to Ulverstone's employment mix suggests local employment should increase by 6.1% over five years and 13.1% over ten years.

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

AreaSearch's latest postcode level ATO data for financial year 2023 shows Ulverstone SA2's median income among taxpayers is $51,689, with an average of $61,266. This is below the national average. Rest of Tas.'s median is $49,689 and average is $59,358. Based on Wage Price Index growth of 9.6% since financial year 2023, current estimates for Ulverstone would be approximately $56,651 (median) and $67,148 (average) as of September 2025. Census data reveals household, family and personal incomes in Ulverstone fall between the 4th and 12th percentiles nationally. Income distribution shows 33.4% of Ulverstone residents earn between $400 - 799 per week (2,392 individuals), unlike broader trends where 28.5% fall within the $1,500 - 2,999 range. 40.9% of Ulverstone residents earn less than $800 per week, indicating constrained household budgets across much of the district. After housing costs, 86.5% of income remains, ranking at only the 7th percentile nationally.

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

The dwelling structure in Ulverstone, as per the latest Census, consisted of 85.9% houses and 14.0% other dwellings (semi-detached, apartments, 'other' dwellings). This compares to Non-Metro Tas.'s figures of 89.9% houses and 10.1% other dwellings. Home ownership in Ulverstone was at 45.1%, with mortgaged dwellings making up 28.7% and rented dwellings accounting for 26.2%. The median monthly mortgage repayment in the area was $1,123, lower than Non-Metro Tas.'s average of $1,274. The median weekly rent figure in Ulverstone was recorded at $250, matching Non-Metro Tas.'s figure. Nationally, Ulverstone's mortgage repayments were significantly lower than the Australian average of $1,863, while rents were substantially below the national figure of $375.

Ulverstone features high concentrations of lone person households, with a lower-than-average median household size

Family households constitute 62.8% of all households, including 20.9% couples with children, 28.9% couples without children, and 12.1% single parent families. Non-family households account for the remaining 37.2%, with lone person households at 35.4% and group households comprising 1.8%. The median household size is 2.2 people, which is smaller than the Rest of Tas. average of 2.3.

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

The area's university qualification rate is 14.8%, significantly lower than the Australian average of 30.4%. This disparity presents both a challenge and an opportunity for targeted educational initiatives. Bachelor degrees are the most prevalent at 10.6%, followed by postgraduate qualifications (2.3%) and graduate diplomas (1.9%). Vocational credentials are prominent, with 38.8% of residents aged 15+ holding them - advanced diplomas at 9.0% and certificates at 29.8%.

A substantial 24.4% of the population is actively pursuing formal education, including 10.2% in primary, 7.1% in secondary, and 2.5% in tertiary education.

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

Ulverstone has two operational public transport stops serving a mix of bus routes. These stops are covered by seven different routes that facilitate 504 weekly passenger trips in total. The accessibility of these transport services is considered limited, with residents typically residing 1092 meters away from the nearest stop. As a predominantly residential area, most inhabitants commute outwards, primarily using cars (93%). Walking accounts for 4% of commuting modes. On average, there are 1.3 vehicles per dwelling, lower than the regional norm.

According to the 2021 Census, only 6% of residents work from home, which could be influenced by COVID-19 conditions. Across all routes, service frequency averages 72 trips daily, translating to about 252 weekly trips per individual stop.

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

Ulverstone faces significant health challenges based on AreaSearch's assessment. Mortality rates and chronic condition prevalence are high, with common health conditions prevalent across both younger and older age cohorts.

Private health cover is relatively low at approximately 50% of the total population (~3,566 people), compared to the national average of 55.7%. The most common medical conditions in the area are arthritis (13.1%) and mental health issues (9.2%). Conversely, 58.3% of residents declare themselves completely clear of medical ailments, compared to 62.0% across Rest of Tas.. The working-age population faces notable health challenges with elevated chronic condition rates. As of June 2021, the area has 32.0% of residents aged 65 and over (2,293 people), which is higher than the 24.9% in Rest of Tas.. Health outcomes among seniors present some challenges, with national rankings broadly in line with the general population.

The latest Census data sees Ulverstone placing among the least culturally diverse areas in the country when compared across a range of language and cultural background related metrics

Ulverstone's cultural diversity was found to be below average, with 90.7% of its population born in Australia, 93.4% being citizens, and 97.2% speaking English only at home. The dominant religion in Ulverstone is Christianity, which accounts for 46.6% of the population, compared to 43.0% across the rest of Tasmania. In terms of ancestry, the top three represented groups are English (35.4%), Australian (33.4%), and Irish (7.2%).

Notably, Dutch ethnicity is overrepresented in Ulverstone at 2.6%, compared to 1.7% regionally, and Australian Aboriginal ethnicity is also higher at 5.8%, compared to the regional average of 4.1%.

Ulverstone hosts an older demographic, ranking in the top quartile nationwide

Ulverstone's median age is 49 years, which is significantly higher than the Rest of Tas. average of 45 and considerably older than the Australian median of 38. Compared to the Rest of Tas., Ulverstone has a notably over-represented 75 - 84 cohort (12.2%) and an under-represented 25 - 34 age group (8.3%). This concentration in the 75 - 84 cohort is well above the national average of 6.1%. Post-2021 Census data shows that from 2016 to 2021, Ulverstone's 75 to 84 age group grew from 10.1% to 12.2%, while the 65 to 74 cohort increased from 14.3% to 15.6%. Conversely, the 55 to 64 cohort declined from 15.2% to 13.3% and the 25 to 34 group dropped from 9.7% to 8.3%. By 2041, Ulverstone's age composition is expected to shift notably. The 75 to 84 group is projected to grow by 31%, reaching 1,145 people from 874. Those aged 65 and above will comprise 87% of the projected growth in population. Conversely, both the 25 to 34 and 0 to 4 age groups are expected to see reduced numbers.