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This analysis uses ABS Statistical Areas Level 2 (SA2) boundaries, which can materially differ from Suburbs and Localities (SAL) even when sharing similar names.
SA2 boundaries are defined by the Australian Bureau of Statistics and are designed to represent communities for statistical reporting (e.g., census and ERP).
Suburbs and Localities (SAL) represent commonly-used suburb/locality names (postal-style areas) and may use different geographic boundaries. For comprehensive analysis, consider reviewing both boundary types if available.
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ABS ERP | -- people | --
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Sales Activity
Curious about local property values? Filter the chart to assess the volume and appreciation (including resales) trends and regional comparisons, or scroll to the map below view this information at an individual property level.
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Population
Waverley - St Leonards has seen population growth performance typically on par with national averages when looking at short and medium term trends
Based on AreaSearch's analysis, Waverley - St Leonards's population is around 4,282 as of Feb 2026. This reflects an increase of 350 people (8.9%) since the 2021 Census, which reported a population of 3,932 people. The change is inferred from the estimated resident population of 4,114 from the ABS as of June 2024 and an additional 127 validated new addresses since the Census date. This population level equates to a density ratio of 77 persons per square kilometer, providing significant space per person and potential room for further development. Waverley - St Leonards's 8.9% growth since the 2021 census exceeded the SA3 area (4.2%) and the state, marking it as a growth leader in the region. Population growth for the area was primarily driven by overseas migration, which contributed approximately 56.3% of overall population gains during recent periods, although all drivers, including natural growth and interstate migration, were positive factors.
AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, as released in 2024 with 2022 as the base year. For any SA2 areas not covered by this data, and to estimate growth by age group in the years post-2032, the Tasmania State Government's Regional/LGA projections, released in 2022 with 2021 as the base year, are adopted with adjustments made employing a method of weighted aggregation of population growth from LGA to SA2 levels. Anticipating future population dynamics, lower quartile growth of regional areas across the nation is anticipated, with the area expected to increase by 235 persons by 2041 based on the latest annual ERP population numbers, reflecting a gain of 1.6% 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 has averaged around 23 new dwelling approvals annually, with 117 homes approved over the past 5 financial years (between FY-21 and FY-25) and 31 so far in FY-26. With an average of 2.4 new residents per year for each dwelling over the past 5 financial years (between FY-21 and FY-25), indicating healthy demand that should support property values, new homes are being built at an average construction value of $340,000—moderately above regional levels—indicating an emphasis on quality construction. There have also been $3.7 million in commercial approvals this financial year, demonstrating the area's primarily residential nature.
Relative to the Rest of Tas., Waverley - St Leonards shows moderately higher construction activity (32.0% above regional average per person over the 5 year period), balancing buyer choice with support for current property values. New development consists of 95.0% standalone homes and 5.0% medium and high-density housing, preserving the area's low density nature with an emphasis on detached housing attracting space-seeking buyers. With around 156 people per dwelling approval, Waverley - St Leonards shows characteristics of a growth area.
Looking ahead, Waverley - St Leonards is expected to grow by 67 residents through to 2041 (from the latest AreaSearch quarterly estimate). Based on current development patterns, new housing supply should readily meet demand, offering good conditions for buyers and potentially facilitating population growth beyond current projections.
Frequently Asked Questions - Development
Infrastructure
Waverley - St Leonards has limited levels of nearby infrastructure activity, ranking in the 11thth percentile nationally
Nothing can influence an area's performance as much as changes to local infrastructure, major projects, and planning initiatives. In total, 23 projects have been identified by AreaSearch that are likely to have an impact on the area. Key projects include Cedar Grove Estate, Residential dwelling and vegetation removal - 38 Casuarina Dr, Summerhill, Dwelling and Shed - 18 Casuarina Dr, Summerhill 7250, and Peacehaven Aged Care Redevelopment, with the list below detailing those likely to be of most relevance.
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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) is transforming the venue into a world-class sporting and entertainment precinct. Main works led by Fairbrother Pty Ltd include a new Centre West Stand with premium seating and corporate facilities (due October 2027), a redeveloped Eastern Stand with 3,629 seats (due March 2027), and Western Stand infill seating (due September 2026). The project prepares the venue for the Tasmania Devils' AFL/AFLW entry in 2028 while maintaining operations for Hawthorn and BBL matches during construction.
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 possesses a balanced workforce spanning white and blue collar employment, with essential services sectors well represented, and an unemployment rate of 4.2%. As of December 2025, 2,022 residents are in work while the unemployment rate is 0.4% above Regional Tas.'s rate of 3.8%, and workforce participation is fairly standard (63.4% compared to Regional Tas.'s 58.9%). Based on Census responses, a low 4.5% of residents were found to work from home, though Covid-19 lockdown impacts should be considered.
Employment among residents is concentrated in health care & social assistance, construction, and retail trade. The area shows particularly strong specialization in construction, with an employment share of 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 appears to offer limited employment opportunities locally, as indicated by the count of Census working population vs resident population.
Based on AreaSearch analysis of SALM and ABS data, during the year to December 2025, the labour force decreased by 2.0% while employment declined by 1.7%, causing the unemployment rate to fall by 0.3 percentage points. This compares to Regional Tas., where employment grew by 1.8%, labour force expanded by 1.5%, and unemployment fell 0.3 percentage points. Jobs and Skills Australia's national employment forecasts from May-25 can offer further insight into potential future demand within Waverley - St Leonards. These projections, covering five and ten-year periods, have been mapped against the local employment profile to estimate growth patterns. While national employment is forecast to expand by 6.6% over five years and 13.7% over ten years, growth rates differ significantly between industry sectors. Applying these industry-specific projections to Waverley - St Leonards's employment mix suggests local employment should increase by 6.5% over five years and 13.5% over ten years (please note this is a simple weighting extrapolation for illustrative purposes and does not take into account localised population projections).
Frequently Asked Questions - Employment
Income
Income figures position the area below 75% of locations analysed nationally by AreaSearch
As per AreaSearch's latest postcode level ATO data released for FY-23, the Waverley - St Leonards SA2's median income among taxpayers is $49,535, with an average of $61,693. This is below the national average, and compares to Regional Tas.'s median of $49,689 and average of $59,358. Based on Wage Price Index growth of 9.6% since FY-23, current estimates would be approximately $54,290 (median) and $67,616 (average) as of September 2025. From the 2021 Census, household, family and personal incomes in Waverley - St Leonards all fall between the 20th and 22nd percentiles nationally. The earnings profile shows the predominant cohort spans 31.3% of locals (1,340 people) in the $1,500 - 2,999 category, reflecting patterns seen in the metropolitan region where 28.5% similarly occupy this range. After housing, 86.1% of income remains, though this ranks at only the 23rd percentile nationally.
Frequently Asked Questions - Income
Housing
Waverley - St Leonards is characterized by a predominantly suburban housing profile, with a higher proportion of rental properties than the broader region
Dwelling structure within Waverley - St Leonards, as evaluated at the latest Census, comprised 89.9% houses and 10.0% other dwellings (semi-detached, apartments, 'other' dwellings), in comparison to Regional Tas.'s 89.9% houses and 10.1% other dwellings. Meanwhile, the level of home ownership within Waverley - St Leonards was lagging that of Regional Tas., at 30.3%, with the remainder of dwellings either mortgaged (40.6%) or rented (29.1%). The median monthly mortgage repayment in the area was below the Regional Tas. average at $1,161, while the median weekly rent figure was recorded at $250, compared to Regional Tas.'s $1,274 and $250. Nationally, Waverley - St Leonards's mortgage repayments are significantly lower than the Australian average of $1,863, while rents are substantially below the national figure of $375.
Frequently Asked Questions - Housing
Household Composition
Waverley - St Leonards has a typical household mix, with a higher-than-average median household size
Family households dominate at 70.8% of all households, comprising 26.1% couples with children, 25.4% couples without children, and 18.0% single parent families. Non-family households make up the remaining 29.2%, with lone person households at 26.3% and group households comprising 2.5% of the total. The median household size of 2.4 people is larger than the Regional 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 (13.1%) substantially below the Australian average of 30.4%. This represents both a challenge and an opportunity for targeted educational initiatives. Bachelor degrees lead at 9.4%, followed by postgraduate qualifications (2.2%) and graduate diplomas (1.5%). Trade and technical skills feature prominently, with 39.3% of residents aged 15+ holding vocational credentials, including advanced diplomas (8.3%) and certificates (31.0%).
Educational participation is notably high, with 28.4% of residents currently enrolled in formal education. This includes 11.8% in primary education, 8.3% in secondary education, and 3.0% pursuing tertiary education.
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
Public transport analysis reveals 35 active transport stops operating within Waverley - St Leonards, comprising a mix of buses. These stops are serviced by 143 individual routes, collectively providing 11,272 weekly passenger trips. Transport accessibility is rated as good, with residents typically located 242 meters from the nearest transport stop. As a primarily residential area, most residents commute outward; the car remains the dominant mode at 96%. Vehicle ownership averages 1.6 per dwelling. A relatively low 4.5% of residents work from home (2021 Census; may reflect COVID-19 conditions).
Service frequency averages 1,610 trips per day across all routes, equating to approximately 322 weekly trips per individual stop.
Frequently Asked Questions - Transport
Transport Stops Detail
Health
Health performance in Waverley - St Leonards is a key challenge with a range of health conditions having marked impacts on both younger and older age cohorts
Critical health challenges are evident across Waverley - St Leonards, based on AreaSearch's assessment of mortality rates and chronic condition prevalence. A range of health conditions have marked impacts on both younger and older age cohorts, and the rate of private health cover is relatively low at approximately 50% of the total population (~2,132 people). The national average is 55.7%.
The most common medical conditions in the area are mental health issues and asthma, impacting 11.7% and 10.2% of residents, respectively, while 62.3% declared themselves as completely clear of medical ailments compared to 62.0% across Regional Tas.. The working-age population faces notable health challenges with elevated chronic condition rates. The area has 15.3% of residents aged 65 and over (657 people), which is lower than the 24.9% in Regional Tas.. Health outcomes among seniors present some challenges, with national rankings even higher than the general population.
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 was found to be below average in terms of cultural diversity, with 92.5% of its population being citizens, 92.7% born in Australia, and 96.7% speaking English only at home. The main religion in Waverley - St Leonards is Christianity, which makes up 41.6% of the people. However, the most apparent overrepresentation was in Hinduism, which comprises 0.7% of the population, compared to 1.1% across Regional Tas..
In terms of ancestry (country of birth of parents), the top three represented groups in Waverley - St Leonards are Australian, comprising 35.8% of the population, English, comprising 35.0% of the population, and Scottish, comprising 7.1% of the population. Additionally, there are notable divergences in the representation of certain other ethnic groups: Dutch is notably overrepresented at 1.9% of Waverley - St Leonards (vs 1.7% regionally), Australian Aboriginal at 3.6% (vs 4.1%) and Macedonian at 0.1% (vs 0.0%).
Frequently Asked Questions - Diversity
Age
Waverley - St Leonards's population is slightly younger than the national pattern
The 37-year median age in Waverley - St Leonards is significantly below Regional Tas.'s average of 45 and is essentially aligned with Australia's 38 years. Relative to Regional Tas., Waverley - St Leonards has a higher concentration of 35 - 44 residents (16.0%) but fewer 65 - 74 year-olds (8.7%). Following the 2021 Census, the 35 to 44 age group has grown from 14.1% to 16.0% of the population. Conversely, the 5 to 14 cohort has declined from 14.2% to 13.4%. Looking ahead to 2041, demographic projections reveal significant shifts in Waverley - St Leonards's age structure. Leading the demographic shift, the 45 to 54 group will grow by 33% (152 people), reaching 617 from 464. Conversely, the 25 to 34 and 0 to 4 cohorts are expected to experience population declines.