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 approximately 7,155 as of November 2025, according to AreaSearch's analysis. This figure represents an increase of 67 people from the 2021 Census count of 7,088 individuals. The change is inferred from the estimated resident population of 7,131 in June 2024 and an additional 159 validated new addresses since the Census date. This results in a population density ratio of 260 persons per square kilometer, suggesting ample space per person and potential for further development. Overseas migration was primarily responsible for Ulverstone's recent population growth.

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, Tasmania State Government's Regional/LGA projections from 2022 with a base year of 2021 are adopted and adjusted using weighted aggregation methods from LGA to SA2 levels. Future population trends indicate an overall decline in Ulverstone's population by 354 persons by 2041, despite projected growth within specific age cohorts such as the 75 to 84-year-old group, expected to grow by 320 people over this period.

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

Ulverstone has seen approximately 24 new homes approved annually over the past five financial years, with a total of 122 approvals between FY-21 and FY-25. As of FY-26, there have been an additional 24 approvals. The population decline in recent years has maintained adequate housing supply relative to demand, resulting in a balanced market with good buyer choice.

New properties are constructed at an average value of $331,000, slightly above the regional average, indicating a focus on quality developments. In FY-26, there have been $10.2 million in commercial approvals, reflecting steady commercial investment activity. Compared to the Rest of Tas., Ulverstone has 14.0% less new development per person. Nationally, it ranks at the 66th percentile among areas assessed, although recent periods show increased development activity.

This is below average nationally, suggesting mature area planning and possible constraints. Recent development consists entirely of detached houses, maintaining Ulverstone's traditional low-density character with a focus on family homes. Ulverstone has around 211 people per approval, reflecting its low-density status. With population expected to remain stable or decline, there should be reduced pressure on housing in the area, potentially creating opportunities for buyers.

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

Changes in local infrastructure significantly impact an area's performance. AreaSearch has identified eight projects that may affect the region. Notable ones include Ulverstone Rise (Trevor Street Subdivision), Ulverstone Rise itself, installation of a Wet Electrostatic Scrubber Precipitator, and Jernej Way Residential Subdivision. The following list details those most likely to be relevant.

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The employment landscape in Ulverstone shows performance that lags behind national averages across key labour market indicators

Ulverstone has a diverse workforce with both white and blue collar jobs, well-represented essential services sectors, and an unemployment rate of 4.2% as of September 2025. This is 0.3% higher than the Rest of Tas.'s rate of 3.8%. The estimated employment growth over the past year was 6.7%.

There are 3,141 residents currently employed, with a workforce participation rate of 54.2%, which is lower than the Rest of Tas.'s rate of 58.7%. According to Census responses, only 6.0% of residents work from home. The key industries for employment among Ulverstone's residents are health care & social assistance, retail trade, and construction.

Agriculture, forestry & fishing has limited presence with 4.7% employment compared to the regional average of 8.4%. Over the 12 months to September 2025, employment increased by 6.7%, while labour force grew by 5.6%, resulting in a decrease in unemployment by 0.9 percentage points. In contrast, Rest of Tas. experienced an employment growth of 0.7% and labour force growth of 0.5%, with a drop in unemployment by 0.2 percentage points. Jobs and Skills Australia's national employment forecasts from May-25 project that national employment will expand by 6.6% over five years and 13.7% over ten years. 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, based on a simple weighting extrapolation for illustrative purposes.

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 that Ulverstone SA2 had a median income of $51,689 and an average income of $61,266. This is lower than the national averages of $49,689 median and $59,358 average for Rest of Tas. By September 2025, estimates based on a 9.6% Wage Price Index growth suggest Ulverstone's median income could reach approximately $56,651 and the average could be around $67,148. Census data indicates that incomes in Ulverstone fall between the 4th and 12th percentiles nationally for households, families, and individuals. The $400 - 799 income bracket dominates with 33.4% of residents (2,389 people), unlike surrounding regions where the $1,500 - 2,999 range is more prevalent at 28.5%. This suggests that a significant proportion of Ulverstone's residents have constrained household budgets after accounting for housing costs, with only 7th percentile nationally remaining income after housing expenses.

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

Ulverstone's dwelling structures, as per the latest Census evaluation, consisted of 85.9% houses and 14.0% other dwellings (semi-detached, apartments, 'other' dwellings), compared to Non-Metro Tas.'s 85.9% houses and 14.1% other dwellings. Home ownership in Ulverstone was at 45.1%, with mortgaged dwellings at 28.7% and rented dwellings at 26.2%. The median monthly mortgage repayment was $1,123, below Non-Metro Tas.'s average of $1,274. The median weekly rent figure in Ulverstone was $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 account for 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 constitute 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 Australia's average of 30.4%. This disparity presents both a challenge and an opportunity for targeted educational initiatives. Bachelor degrees are the most common, at 10.6%, followed by postgraduate qualifications (2.3%) and graduate diplomas (1.9%). Vocational credentials are prevalent, with 38.8% of residents aged 15+ holding them - advanced diplomas account for 9.0% and certificates for 29.8%.

Currently, 24.4% of the population is engaged in 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

Public transport analysis shows two active transport stops operating in Ulverstone, with a mix of bus services. These stops are served by seven individual routes, collectively offering 504 weekly passenger trips. Transport accessibility is rated as limited, with residents typically located 1092 meters from the nearest stop. As predominantly residential, most residents commute outward; car remains the dominant mode at 93%, with 4% walking. Vehicle ownership averages 1.3 per dwelling, below the regional average. According to the 2021 Census, a relatively low 6.0% of residents work from home, which may reflect COVID-19 conditions.

Service frequency averages 72 trips per day across all routes, equating to approximately 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, as assessed by AreaSearch's analysis of mortality rates and chronic condition prevalence. Common health conditions are somewhat prevalent across both younger and older age cohorts.

Private health cover is relatively low at approximately 50% of the total population (~3,563 people), compared to the national average of 55.7%. The most common medical conditions in the area are arthritis and mental health issues, affecting 13.1 and 9.2% of residents respectively, while 58.3% 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. The area has 30.9% of residents aged 65 and over (2,213 people), which is higher than the 24.3% 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. Christianity is the main religion in Ulverstone, comprising 46.6% of people, compared to 43.0% across Rest of Tas. The top three ancestry groups are English (35.4%), Australian (33.4%), and Irish (7.2%).

Notably, Dutch representation is higher at 2.6% in Ulverstone than the regional average of 1.7%, and Australian Aboriginal representation is also higher at 5.8%.

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

Ulverstone's median age at 49 years is significantly higher than the Rest of Tasmania average of 45 and considerably older than the Australian median of 38. Compared to the Rest of Tasmania, Ulverstone has a notably over-represented 75-84 cohort (12.0%) and an under-represented 25-34 age group (8.4%). This 75-84 concentration is well above the national average of 6.0%. According to post-2021 Census data, Ulverstone's 75-84 age group has grown from 10.1% to 12.0% of its population. Conversely, the 55-64 cohort declined from 15.2% to 13.8%, and the 25-34 group dropped from 9.7% to 8.4%. By 2041, Ulverstone is expected to experience notable shifts in its age composition. The 75-84 group will grow by 34% (289 people), reaching a total of 1,145 from the previous count of 855. The aging population trend is evident, with those aged 65 and above comprising 92% of projected growth. Conversely, both the 25-34 and 0-4 age groups are expected to decrease in number.