Tranmere
At $1,230,000 median house price, Tranmere sits well above the Hobart market average and substantially higher than the national median, positioning it firmly among Tasmania's most expensive residential addresses. Household income lands in the 91.3rd percentile nationally, and 41.8% of residents hold university qualifications, 11.7 percentage points above the national figure. Owner-occupation reaches 88.4% when outright owners (41.3%) and mortgage holders (47.1%) are combined, while renters account for just 11.6% of dwellings. The suburb's 29-year compound annual growth rate of 7.6% has lifted prices from $145,750 in 1996 to $1,230,000 in 2025, a 743.9% rise that exceeds most comparable Tasmanian benchmarks.
Population
2,218
Median Age
44.0
Household IncomeiMedian weekly household income (ABS Census)
$2,435/wk
DAs (12 months)iDevelopment Applications lodged in the past year
0
Median House
$1.4M
YTD 2026
The current median house price is $1,230,000, and 99.1% of dwellings are separate houses with no apartment stock to speak of. Bedroom distribution splits evenly: 48.2% are three-bedroom homes and 48.2% are four-or-more-bedroom, meaning smaller-format houses are rarely available. Monthly mortgage repayments average $2,072, producing a mortgage-to-income ratio of 19.7%, which is comfortably below the 30% stress threshold despite the high purchase price, because household incomes rank in the 91.3rd percentile nationally. Outright owners at 41.3% outnumber mortgage holders at 47.1%, indicating a mature ownership base where many residents have been here long enough to pay down debt. Turnover is low, with 79.5% of residents having stayed at the same address, so stock comes to market infrequently.
For Buyers
The current median house price is $1,230,000, and 99.1% of dwellings are separate houses with no apartment stock to speak of. Bedroom distribution splits evenly: 48.2% are three-bedroom homes and 48.2% are four-or-more-bedroom, meaning smaller-format houses are rarely available. Monthly mortgage repayments average $2,072, producing a mortgage-to-income ratio of 19.7%, which is comfortably below the 30% stress threshold despite the high purchase price, because household incomes rank in the 91.3rd percentile nationally. Outright owners at 41.3% outnumber mortgage holders at 47.1%, indicating a mature ownership base where many residents have been here long enough to pay down debt. Turnover is low, with 79.5% of residents having stayed at the same address, so stock comes to market infrequently.
For Investors
The rental market in Tranmere is thin: only 11.6% of dwellings are rented, and weekly rent sits at $550. Against the $1,230,000 median, that implies a gross yield of roughly 2.3%, below what most investors would consider a return threshold. The vacancy rate of 5.4% is elevated and points to limited tenant demand relative to available rental stock. Development activity registered zero applications in the past 12 months, consistent with an area already built out at 99.1% detached housing coverage across 2.85 square kilometres. The suburb's long-run CAGR of 7.6% over 29 years is its strongest investment signal, as capital appreciation rather than yield has historically driven returns. The low renter share means investor-grade properties compete against a predominantly owner-occupier market when purchased.
Demographics
Tranmere's median age of 44 is 4.0 years above the national average, reflecting a resident base that is firmly in established family and pre-retirement life stages. University qualifications at 41.8% run 11.7 percentage points above the national figure, concentrated in an occupational mix led by Professionals (314) and Managers (225). Overseas-born residents account for 17.7%, which is 3.9 points below the national average, so the suburb is more Anglo-Australian in character than most. Ancestry is predominantly English (976 residents), followed by Irish (264) and Scottish (252). Average household size is 2.7, compared to the national average of 2.5, consistent with a high proportion of couples with children (841 families). The volunteering rate reaches 20.2%, above typical suburban norms, suggesting an engaged local community.
Age Distribution
Bedrooms
Dwelling Structure
99.1%
Houses
0.9%
Townhouse
N/A
Apartment
Tenure
The price history shows steady long-run appreciation: from $145,750 in 1996 to a peak of $1,235,000 in 2022, then a slight softening to $1,230,000 in 2025, sitting just 0.4% below the peak. Over 29 years the compound annual growth rate is 7.6%, well above inflation. The tenure structure skews heavily toward ownership, with 41.3% owning outright and 47.1% carrying a mortgage, versus 11.6% renting, a pattern more typical of affluent outer suburbs than inner-city areas. All 99.1% of dwellings are separate houses with virtually no semi-detached or apartment stock. Bedrooms cluster at three (48.2%) and four-plus (48.2%), with almost nothing in the sub-three range. Mortgage stress is absent at 19.7% of income, and rent-to-income of 22.6% is similarly manageable for tenants.
Median House Price Trend
Source: State Valuer-General
Mortgage / mo
$2,072
Rent / wk
$550
HH Size
2.7
Personal Income / wk
$1,046
Vacancy Ratei% of dwellings unoccupied on Census night (ABS 2021)
5.4%
Unoccupied
45
Rent / IncomeiMedian rent as % of household income. Over 30% = housing stress
22.6%
Mortgage / IncomeiMedian mortgage as % of household income. Over 30% = housing stress
19.7%
Community Profile
Languages Spoken at Home
Ancestry
Household Composition
31.7%
Couples, no children
1,868
Total families
Economy & Employment
Healthcare dominates the local industry mix at 19.3% of employed residents (165 workers), followed by Education at 14.5% (124), Public Admin at 12.7% (109), Professional/Tech at 9.5% (81), and Construction at 8.8% (75). By occupation, Professionals lead with 314 workers, ahead of Managers at 225 and Clerical/Admin at 200. These are classic public-sector-adjacent, knowledge-economy industries that deliver stability and above-average wages, which explains why household incomes reach the 91.3rd percentile nationally despite being in Hobart rather than a mainland capital. Unemployment sits at 3.6%, full-time employment at 63.2%, and the participation rate at 64.2%. The SEIFA IRSD decile of 8 places the suburb in the lower-disadvantage tier nationally, and the IEO decile of 7 reflects above-average education and occupation outcomes.
Socio-Economic Indexes (SEIFA)iABS index ranking suburbs from 1 (most disadvantaged) to 10 (most advantaged)
Full-time
63.2%
Part-time
33.2%
Participation
64.2%
Employed
1,139
Occupations
Top Industries
University
41.8%
Postgraduate
10.8%
Born Overseas
17.7%
Dwellings
796
Transport to Work
Car dependency is high: 88.2% of residents drive to work, 4.5% use public transport, and only 1.1% walk or cycle, typical of a low-density detached suburb without high-frequency transit. The SEIFA IRSAD decile of 7 places Tranmere above average nationally on combined advantage and disadvantage measures. Mortgage stress is low at 19.7% of income, and rent-to-income of 22.6% stays well below the 30% stress threshold. Only 3.2% of residents (68 people) require daily assistance, a low rate relative to the older median age of 44. No schools are recorded within the suburb boundary in this dataset, so families rely on institutions in neighbouring areas. The 20.2% volunteering rate is above typical suburban rates and indicates that residents engage actively with local services and organisations.
Drive
88.2%
Public Transport
4.5%
Walk / Cycle
1.1%
Work from Home
N/A
National Ranking iPercentile rank among ~15,000 AU suburbs. 90% = higher than 90% of suburbs
How Tranmere compares to ~15,000 Australian suburbs
Frequently Asked Questions
Is Tranmere a good suburb to live in?
Tranmere offers high incomes at the 91.3rd percentile nationally, low mortgage stress at 19.7% of income, and a stable owner-occupier community where 79.5% of residents have not moved address. The SEIFA IRSD decile of 8 places it in the lower-disadvantage tier nationally, and university qualifications at 41.8% run 11.7 points above the national figure. The main practical trade-off is high car dependency, with 88.2% of residents driving to work.
What is the median house price in Tranmere?
The median house price was $1,230,000 in 2025, just 0.4% below the suburb's all-time peak of $1,235,000 set in 2022. Weekly rent averages $550 and monthly mortgage repayments run about $2,072, giving a mortgage-to-income ratio of 19.7%. Prices have risen 743.9% since 1996 when the median was $145,750.
What schools are in Tranmere?
No schools are recorded inside the Tranmere boundary in this dataset. Families rely on schools in neighbouring suburbs. The local adult population is highly educated, with 41.8% holding university qualifications, which is 11.7 percentage points above the national average, suggesting good access to schooling nearby.
Is Tranmere safe?
Detailed crime statistics are not available for Tranmere in this dataset. As an indirect indicator, the suburb scores decile 8 on the IRSD index of relative disadvantage, placing it in the lower-disadvantage tier nationally. Only 3.2% of residents (68 people) require daily assistance, and household incomes sit in the 91.3rd percentile nationally, consistent with a low-disadvantage profile.
Is Tranmere good for property investment?
The long-run capital growth case is strong: a 7.6% compound annual rate over 29 years and prices rising 743.9% from $145,750 in 1996 to $1,230,000 in 2025. However, the rental market is thin at 11.6% of dwellings rented, the vacancy rate is 5.4%, and gross yield against the $1,230,000 median is approximately 2.3% at $550 weekly rent. Investment returns depend heavily on capital appreciation rather than rental income.
How is Tranmere's population changing?
Tranmere has a population of 2,218 across 2.85 square kilometres, giving a density of 779 residents per square kilometre. Residential mobility is low, with 79.5% of residents remaining at the same address, and turnover stands at 20.5%. The median age of 44 is 4.0 years above the national average, indicating an established community skewing toward older households rather than active growth.
How to read these comparisons
Phrases like "above the national average" reference the unweighted median across Australian suburbs with more than 1,000 residents, not population-weighted national figures. Suburb-level medians are more useful for ranking suburbs against each other; ABS census headlines are population-weighted (so dominated by Sydney and Melbourne) and can read very differently.
Current baseline (refreshed 2026-05-10): median age 40, university-educated 30.1%, born overseas 21.6%, average household size 2.5 people.
Data sources: ABS 2021 Census (demographics, income, tenure), state Valuer-General (house prices), Department of Jobs SALM (unemployment), ACARA (school ICSEA), state Crime Statistics agencies (offences), council DA portals (development applications). Population forecasts use a Hamilton-Perry cohort model calibrated to ABS ERP.
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