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Falcon is a delightful coastal suburb that offers a serene and picturesque environment, making it a wonderful place to call home. With its charming blend of modern residences and quaint beachside cottages, Falcon provides a relaxed lifestyle that is perfect for families and retirees seeking a peaceful retreat. The suburb is known for its stunning natural beauty, with easy access to the Indian Ocean and the Peel Inlet, offering plenty of opportunities for water-based activities and outdoor enjoyment. The community vibe is friendly and welcoming, with a strong sense of belonging among residents.

Families will find Falcon particularly appealing due to its proximity to local schools and parks, making it an ideal setting for raising children. The suburb's tranquil atmosphere is complemented by convenient access to urban amenities, with shopping and dining options available nearby. Safety is generally not a major concern, contributing to the overall livability of the area. While Falcon may not offer the bustling nightlife of a city center, it more than makes up for it with its peaceful surroundings and the opportunity to enjoy a slower pace of life.

One trade-off of living in Falcon is the distance from Perth, which may require a longer commute for those working in the city. However, the suburb's proximity to Mandurah provides access to a larger shopping precinct and additional amenities, ensuring residents have everything they need within reach. Ultimately, Falcon is a charming coastal suburb that offers a high quality of life, making it a desirable location for those looking to enjoy the tranquility of seaside living while still having access to essential services and a strong community network.

Living in Falcon can be considered moderately expensive, especially when looking at the property market. The median house price in Falcon is currently $763,000, which is a significant investment. For those renting, the average rent for houses is about $550 per week. It's important to note that there aren't any units available for purchase or rent, which limits options for those seeking more affordable housing solutions.

When comparing the average wage in Falcon, which is approximately $1,200 per week or $62,000 per year, with the median total household income of $1,207 per week, it becomes clear that housing costs can take up a large portion of residents' income. This can make it challenging for individuals or families earning average wages to comfortably afford living in Falcon without careful financial planning.

Overall, while Falcon offers the appeal of coastal living and a relaxed lifestyle, the cost of housing is a significant factor to consider. If you are thinking of living in Falcon, it’s essential to weigh these costs against your budget and lifestyle preferences to determine if it aligns with your financial situation.

Falcon is showing promising signs as a potential investment suburb, with significant growth in property values over the past year. The median house value has increased by an impressive 21.7%, while units have seen a similar rise of 21.3%. This indicates a strong demand for properties in the area, which is a positive signal for investors looking for capital growth.

While the rental market for houses has experienced a modest increase of 4.8% in the past year, the rental change for units has remained flat. This suggests that while there is a demand for purchasing properties, the rental market may not be as dynamic at the moment. However, the substantial rise in property values could attract more renters in the future, potentially boosting rental yields.

Overall, Falcon presents a compelling opportunity for investors seeking capital appreciation. The significant growth in property values suggests a strong market, although the rental market may require a bit more time to catch up. With its current trajectory, Falcon could be a solid choice for those looking to invest in a suburb with strong growth potential.