Located in Western Australia within the Mandurah local government area, Falcon is a mid-sized suburb (postcode 6210). With a population of 5,531, the suburb has an older-leaning population with a median age of 50. Households earn a median income of $63K per year, with an average household size of 2.2 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.4% year-on-year at the LGA level. WA employment has moved +1.1% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. WA also had 31 Commonwealth-backed major projects under construction, 7 underway, and 16 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, professionals, community & personal service. Employment in the area leans toward healthcare and mining. The top ancestries reported are English, Australian, Scottish.
Falcon has a median house price of $600,000, which has risen steeply by 26.3% year-on-year. Units have a median price of $553,000 (+15.8% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 4.8%. The median monthly mortgage repayment is $1,625.
Public transport access includes 48 bus stops.
Looking at the investment signals, Falcon shows a gross rental yield of approximately 4.8%, rated as moderate yield. Property prices sit below the state median ($600K/$951K), which can point to relative value. The price-to-income ratio of 9.6x is considered moderate. House prices have moved +26.3% year-on-year. Population growth of +3.4% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.