Get a property report and suburb profile for any property in Falcon

Falcon is a delightful coastal suburb that offers a serene and relaxed lifestyle, making it a wonderful place to live. Known for its picturesque beaches and tranquil environment, Falcon provides a charming escape from the hustle and bustle of city life. The suburb is perfect for those who appreciate natural beauty and a laid-back atmosphere, with its proximity to the Indian Ocean and Peel Inlet offering endless opportunities for water-based activities and outdoor enjoyment. The community vibe in Falcon is warm and welcoming, with a mix of families, retirees, and holidaymakers all enjoying the peaceful coastal living.

Families will find Falcon particularly appealing due to its family-friendly amenities, including local schools, parks, and shopping options anchored by Miami Plaza. The suburb's safe and secure environment adds to its appeal, providing peace of mind for residents. While Falcon may not have the nightlife or cultural attractions of a bustling city, its proximity to Mandurah ensures that broader employment, health services, and entertainment options are easily accessible, making it convenient for those who need to commute or seek more urban amenities.

One of the trade-offs of living in Falcon is the limited public transport options within the suburb itself, which may require reliance on personal vehicles for commuting. Additionally, while the property market is driven by lifestyle factors and waterfront proximity, the lack of major infrastructure projects means that growth is more gradual. However, for those who prioritize a relaxed, seaside lifestyle and a strong sense of community, Falcon offers an idyllic setting that is hard to resist.

Living in Falcon, a suburb of Perth, can be seen as relatively expensive, especially when considering the local income levels. The median house price in Falcon is currently $817,550, which is quite significant. With no available data for unit prices, it seems that houses are the primary option for buyers in this area. For those looking to rent, the average rent for houses is around $578 per week.

When you compare these housing costs to the average wage in Perth, which is about $85,000 per year, it becomes evident that a substantial portion of income would be needed to cover housing expenses in Falcon. The median total household income in Falcon is $1,207 per week, which suggests that residents might find it challenging to manage housing costs comfortably if they are earning around the average wage for Perth.

Overall, while Falcon offers a pleasant living environment with its coastal charm, the cost of living, particularly in terms of housing, may be a stretch for those on average incomes. If you are thinking of living in Falcon, it's important to evaluate your financial situation to ensure it aligns with the costs associated with residing in this suburb.

Falcon is showing promising signs as a potential investment suburb, especially for those interested in the housing market. Over the past year, the median house value in Falcon has increased by an impressive 13.6%, indicating strong demand and a healthy growth trajectory. This growth suggests that the area is becoming increasingly popular, possibly due to its appealing lifestyle and proximity to coastal attractions, which are always a draw for both buyers and renters.

While the unit market in Falcon has remained stable with no change in median value or rent over the last 12 months, the housing market tells a different story. The 6.1% increase in house rents suggests a rising demand for rental properties, which could be appealing for investors looking for steady rental income. This trend might be driven by families and individuals seeking more space and a laid-back lifestyle, which Falcon offers in abundance.

Overall, Falcon presents a compelling opportunity for those looking to invest in houses, with its strong capital growth and increasing rental demand. While the unit market may not currently offer the same level of excitement, the suburb's overall appeal and growth potential make it a worthwhile consideration for investors focusing on houses.