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Sales Activity
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Population
Population growth drivers in Waverley - St Leonards are strong compared to national averages based on AreaSearch's ranking of recent, and medium to long-term trends
Waverley - St Leonards' population is around 4,289 as of November 2025. This reflects an increase of 357 people since the 2021 Census, which reported a population of 3,932 people. The change was inferred from the estimated resident population of 4,114 from the ABS as of June 2024 and an additional 114 validated new addresses since the Census date. This level of population equates to a density ratio of 77 persons per square kilometer. Waverley - St Leonards' 9.1% growth since the 2021 census exceeded the SA3 area's 3.9% and the state's growth, marking it as a growth leader in the region. Population growth was primarily driven by overseas migration contributing approximately 56.3% of overall population gains during recent periods.
AreaSearch adopts ABS/Geoscience Australia projections for each SA2 area, released in 2024 with 2022 as the base year. For areas not covered by this data and to estimate growth by age group post-2032, 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 dynamics anticipate an increase just below Australia's regional areas' median, with the area expected to increase by 235 persons to 2041 based on latest population numbers, recording a gain of 1.4% in total over the 17 years.
Frequently Asked Questions - Population
Development
Recent residential development output has been above average within Waverley - St Leonards when compared nationally
Waverley - St Leonards averaged approximately 23 new dwelling approvals annually. Between FY-21 and FY-25, a total of 117 homes were approved. As of FY-26, 18 dwellings have been approved.
On average, each dwelling has resulted in 2.4 new residents over the past five financial years. The average construction cost value for new homes is $340,000. In FY-26, there have been commercial approvals totalling $3.7 million.
Compared to the Rest of Tas., Waverley - St Leonards shows moderately higher construction activity, with 32.0% above the regional average per person over the five-year period. New development consists of 95.0% standalone homes and 5.0% medium and high-density housing. There are approximately 156 people per dwelling approval in Waverley - St Leonards. By 2041, it is expected that the area will grow by 60 residents. Based on current development patterns, new housing supply should meet demand, potentially facilitating further population growth.
Frequently Asked Questions - Development
Infrastructure
Waverley - St Leonards has limited levels of nearby infrastructure activity, ranking in the 19thth percentile nationally
Changes to local infrastructure significantly impact an area's performance. AreaSearch has identified 23 projects likely affecting this region. Notable projects include Cedar Grove Estate, Residential dwelling and vegetation removal at 38 Casuarina Dr, Summerhill, Dwelling and Shed at 18 Casuarina Dr, Summerhill 7250, and Peacehaven Aged Care Redevelopment. The following list details those most relevant.
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INFRASTRUCTURE SEARCH
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Frequently Asked Questions - Infrastructure
UTAS Stadium Redevelopment
The $130 million redevelopment of UTAS Stadium (York Park) in Launceston is transforming it into a world-class sporting and entertainment venue. Key features include a new Centre West Stand with premium seating, corporate and hospitality facilities, media spaces; a fully redeveloped Eastern Stand with 3,629 new seats and modern amenities; Western Stand infill adding over 2,000 seats total and more than 50 accessible seats; upgraded sports lighting, safety features, spectator facilities, and LED ribbon board. Main construction by Fairbrother Pty Ltd commenced in 2025, with completion expected early 2027 ahead of the Tasmania Football Club's AFL/AFLW entry in 2028. The stadium continues to host events during construction. Managed by Stadiums Tasmania with funding from Tasmanian and Australian Governments.
Peacehaven Aged Care Redevelopment
Redevelopment of the aged care facility (formerly Masonic Peace Memorial Haven) including the completed 16-bed Wellington Wing. The new wing was designed to modern standards with private ensuites, nurse call systems, natural lighting, hydronic in-slab heating, and a building management system. The overall redevelopment was planned in multiple stages, with this being the first major upgrade in some 20 years. The facility is operated by Respect Aged Care.
Kings Meadows IGA Supermarket
Proposed construction of a 979 m2 convenience supermarket (approx. 720 m2 sales floor) with on-site parking, landscaping, signage and pedestrian links at Connector Park. A site-specific qualification is sought to allow General Retail and Hire in the Light Industrial Zone at 10 Dolerite Drive. The application and scheme amendment are currently under assessment by the City of Launceston.
Ravenswood Subdivision
A planned subdivision on a 12.6 hectare site at 50 Wildor Crescent, Ravenswood, delivering approximately 100 residential lots ranging from 501 square metres to 1863 square metres. The development includes 4421 square metres of public open space and a new road with two junctions to Wildor Crescent. Most lots will initially be available through the MyHome shared equity program, with open market sales after 30 days. The site was transferred to Homes Tasmania in June 2023 under a Housing Land Supply Order.
Youngtown IGA Redevelopment
Redevelopment of the existing IGA supermarket including the addition of a Bottle-O liquor store franchise, updated facade and entryway, new electronic signage for displaying specials, and internal modifications to accommodate the new tenancy. The project includes improvements to the parking situation at the shopping centre to ensure adequate accessible parking spaces.
Kings Meadows Land Release
A major residential land release initiative by Homes Tasmania delivering approximately 104 new housing lots on a 10.46 hectare site at Techno Park Drive, Kings Meadows. Approximately 85% of lots will initially be available for affordable home purchase through the MyHome shared equity program. The site was rezoned from Particular Purpose to General Residential under a Housing Land Supply Order effective 11 September 2024. Following community consultation in November 2024, a development application is scheduled for submission to Launceston City Council in February 2025. Land parcels are expected to be ready for sale in late 2026, subject to Council approval. The project aims to address Tasmania's housing shortage and create inclusive communities in the Kings Meadows area.
Oakden Park Residential Estate
One of Launceston's largest residential subdivisions featuring 216 residential lots on a 21-hectare site. The development includes generous flat blocks with mountain views, restored historic Oakden House homestead, realigned Kings Meadows Rivulet with native waterway parkland, bushland reserves, and walking tracks. Located minutes from Launceston CBD and Kings Meadows shopping precinct with excellent access to schools, airport, and amenities. Final stages (14 and 16) currently being sold.
Cedar Grove Estate
Cedar Grove is a 21-stage land subdivision in St Leonards, Launceston, planning for over 300 homes with a diverse range of housing options. The masterplan includes prime parklands, a watercourse and lake, and a proposed Central Market Place/Village Square with an urban farm, subject to council approval, focusing on community, sustainability, and lifestyle. Stages are currently being released for land and house and land packages.
Employment
Waverley - St Leonards shows employment indicators that trail behind approximately 70% of regions assessed across Australia
Waverley - St Leonards has a balanced workforce comprising white and blue collar jobs, with essential services sectors well represented. The unemployment rate in June 2025 was 4.4%.
There were 2,029 residents employed, with an unemployment rate of 0.4% higher than Rest of Tas.'s rate of 3.9%. Workforce participation was 61.2%, compared to Rest of Tas.'s 55.7%. Employment is concentrated in health care & social assistance, construction, and retail trade. Construction has a particularly strong presence, with an employment share 1.5 times the regional level.
Conversely, agriculture, forestry & fishing shows lower representation at 2.8% versus the regional average of 8.4%. The area may offer limited local employment opportunities, as indicated by the count of Census working population vs resident population. Between June 2024 and June 2025, the labour force decreased by 1.4%, while employment declined by 1.3%, causing the unemployment rate to fall by 0.2 percentage points. In Rest of Tas., employment fell by 0.5%, labour force contracted by 0.6%, and unemployment fell marginally. 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, with varying rates between industry sectors. Applying these projections to Waverley - St Leonards's employment mix suggests local growth of approximately 6.5% over five years and 13.5% over ten years.
Frequently Asked Questions - Employment
Income
Income figures position the area below 75% of locations analysed nationally by AreaSearch
AreaSearch's latest postcode level ATO data for financial year 2022 shows Waverley - St Leonards' median income among taxpayers is $46,616. The average income in the area was $58,627 during this period. Both figures are below the national average. Rest of Tas., on the other hand, had a median income of $47,358 and an average of $57,384 for the same financial year. Based on Wage Price Index growth of 13.83% since financial year 2022, current estimates project Waverley - St Leonards' median income to be approximately $53,063 by September 2025. The average income is estimated to reach around $66,735 during the same period. According to the 2021 Census, household incomes in Waverley - St Leonards fall between the 21st and 23rd percentiles nationally. Family incomes also fall within this range, as do personal incomes. The earnings profile reveals that 31.3% of locals (1,342 people) earn between $1,500 and $2,999 annually, which is reflective of metropolitan region patterns where 28.5% similarly occupy this income range. After accounting for housing costs, 86.1% of income remains in Waverley - St Leonards. This figure ranks at the 24th percentile nationally.
Frequently Asked Questions - Income
Housing
Waverley - St Leonards is characterized by a predominantly suburban housing profile, with ownership patterns similar to the broader region
In Waverley - St Leonards, as per the latest Census, 89.9% of dwellings were houses with the remaining 10.0% comprising semi-detached homes, apartments, and other types. This compares to Non-Metro Tas., which had 82.1% houses and 17.9% other dwellings. Home ownership in Waverley - St Leonards stood at 30.3%, with mortgaged dwellings at 40.6% and rented ones at 29.1%. The median monthly mortgage repayment was $1,161, lower than Non-Metro Tas.'s average of $1,300. The median weekly rent in the area was $250, compared to Non-Metro Tas.'s $280. Nationally, Waverley - St Leonards' mortgage repayments averaged $1,161, significantly lower than Australia's average of $1,863. Rents were substantially below the national figure of $375 at $250 per week.
Frequently Asked Questions - Housing
Household Composition
Waverley - St Leonards has a typical household mix, with a higher-than-average median household size
Family households constitute 70.8% of all households, including 26.1% couples with children, 25.4% couples without children, and 18.0% single parent families. Non-family households account for the remaining 29.2%, with lone person households at 26.3% and group households comprising 2.5% of the total. The median household size is 2.4 people, larger than the Rest of Tas. average of 2.3.
Frequently Asked Questions - Households
Local Schools & Education
Waverley - St Leonards faces educational challenges, with performance metrics placing it in the bottom quartile of areas assessed nationally
The area faces educational challenges, with university qualification rates at 13.1%, significantly below the Australian average of 30.4%. This presents both a challenge and an opportunity for targeted educational initiatives. Bachelor degrees are most common at 9.4%, followed by postgraduate qualifications (2.2%) and graduate diplomas (1.5%). Trade and technical skills are prominent, with 39.3% of residents aged 15+ holding vocational credentials - advanced diplomas (8.3%) and certificates (31.0%).
Educational participation is high at 28.4%, including primary education (11.8%), secondary education (8.3%), and tertiary education (3.0%). The area has 4 schools with a combined enrollment of 617 students, operating under typical Australian school conditions (ICSEA: 968) with balanced educational opportunities. These 4 schools focus exclusively on primary education, with secondary options available in surrounding areas. School places per 100 residents are at 14.4, below the regional average of 18.4, indicating some students may attend schools in adjacent 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
Waverley - St Leonards has 35 active public transport stops. These are all bus stops. They are serviced by 72 different routes, which together provide 6,251 weekly passenger trips.
The transport accessibility is rated as good. Residents typically live 242 meters from the nearest stop. On average, there are 893 trips per day across all routes. This equates to approximately 178 weekly trips per individual stop.
Frequently Asked Questions - Transport
Transport Stops Detail
Health
Health performance in Waverley - St Leonards is well below average with prevalence of common health conditions notable across both younger and older age cohorts
Waverley - St Leonards faces significant health challenges, as indicated by health data. Both younger and older age groups have high prevalence rates for common health conditions.
Private health cover is relatively low at approximately 49% of the total population (~2,105 people), compared to the national average of 55.3%. Mental health issues affect 11.7% of residents, while asthma impacts 10.2%. Conversely, 62.3% report no medical ailments, slightly lower than the Rest of Tas. figure of 63.9%. The area has a lower proportion of seniors aged 65 and over at 15.1%, with approximately 648 people falling into this category, compared to 19.9% in Rest of Tas.. Health outcomes among seniors present challenges broadly aligned with the general population's health profile.
Frequently Asked Questions - Health
Cultural Diversity
The latest Census data sees Waverley - St Leonards placing among the least culturally diverse areas in the country when compared across a range of language and cultural background related metrics
Waverley-St.Leonards, surveyed in 2016, had low cultural diversity with 92.5% citizens, 92.7% born in Australia, and 96.7% speaking English only at home. Christianity dominated at 41.6%. Hinduism was overrepresented at 0.7%, compared to Rest of Tas.'s 2.5%.
Top ancestry groups were Australian (35.8%), English (35.0%), Scottish (7.1%). Notable divergences included Dutch (1.9% vs regional 2.0%), Australian Aboriginal (3.6% vs 2.7%), and Macedonian (0.1% vs 0.0%).
Frequently Asked Questions - Diversity
Age
Waverley - St Leonards's population is slightly younger than the national pattern
The median age in Waverley - St Leonards is 37 years, significantly below Rest of Tas.'s average of 45 years, but essentially aligned with Australia's median age of 38 years. Compared to Rest of Tas., Waverley - St Leonards has a higher percentage of residents aged 35-44 (15.3%) but fewer residents aged 65-74 (8.6%). According to the 2021 Census, the 35-44 age group increased from 14.1% to 15.3%, while the 65-74 cohort decreased from 9.2% to 8.6%. By 2041, demographic projections show significant shifts in Waverley - St Leonards's age structure. The 45-54 group is expected to grow by 28%, reaching 617 people from 480. Conversely, the 0-4 and 25-34 cohorts are projected to experience population declines.