Falcon

Population growth drivers in Falcon are strong compared to national averages based on AreaSearch's ranking of recent, and medium to long-term trends

Based on analysis of ABS population updates for the broader area, and new addresses validated by AreaSearch, the suburb of Falcon's population is estimated at around 6243 as of Feb 2026. This reflects an increase of 712 people (12.9%) since the 2021 Census, which reported a population of 5531 people. The change is inferred from the resident population of 6212 estimated by AreaSearch following examination of the latest ERP data release by the ABS on June 2024 and an additional 26 validated new addresses since the Census date. This level of population equates to a density ratio of 984 persons per square kilometer, which is relatively in line with averages seen across locations assessed by AreaSearch. Falcon's 12.9% growth since the 2021 census exceeded the national average (9.9%), marking it as a growth leader in the region. Population growth for the area was primarily driven by interstate migration that contributed approximately 55% of overall population gains during recent periods, although all drivers including overseas migration and natural growth 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 across all areas in the years post-2032, AreaSearch is utilising the growth rates by age cohort provided by the ABS in its latest Greater Capital Region projections (released in 2023, based on 2022 data). Moving forward with demographic trends, an above median population growth of Australian statistical areas is projected, with the suburb expected to increase by 1355 persons to 2041 based on aggregated SA2-level projections, reflecting a gain of 22.4% in total over the 17 years.

AreaSearch assessment of residential development activity positions Falcon among the top 25% of areas assessed nationwide

AreaSearch analysis of ABS building approval numbers indicates Falcon averaged approximately 44 new dwelling approvals annually. Between financial years FY21 and FY25, around 222 homes were approved, with an additional 22 approved in FY26 to date. This translates to about 3.9 new residents per year for every home built over the past five financial years, suggesting demand significantly outpaces supply, potentially exerting upward pressure on prices and intensifying competition among buyers.

The average expected construction cost value of new dwellings is approximately $508,000, indicating developers target the premium market segment with higher-end properties. In FY26, there have been around $6.0 million in commercial approvals, reflecting Falcon's predominantly residential nature. Compared to Greater Perth, Falcon has roughly two-thirds the rate of new dwelling approvals per person and ranks among the 83rd percentile nationally when assessed areas are considered.

Recent building activity comprises solely standalone homes, preserving Falcon's suburban character with an emphasis on detached housing that attracts space-seeking buyers. With approximately 123 people per dwelling approval, Falcon exhibits characteristics of a growth area. According to AreaSearch's latest quarterly estimate, Falcon is projected to gain around 1,396 residents by 2041, indicating development is keeping pace with projected growth, although increasing competition among buyers may arise as the population expands.

Falcon has limited levels of nearby infrastructure activity, ranking in the 17thth percentile nationally

Changes to local infrastructure significantly impact an area's performance. AreaSearch identified one major project likely affecting the region: Yalgorup National Park Eco-Tourism Development, Southern Beaches Coastal Hazard Risk Management and Adaptation Plan (CHRMAP), Additional Australind Trains Procurement, Provision Of Regional-Level Sporting Facilities In Growth Areas Perth And Peel are key projects. The following details those most relevant: - **Yalgorup National Park Eco-Tourism Development** (commencing 2018) - **Southern Beaches Coastal Hazard Risk Management and Adaptation Plan (CHRMAP)** (implementation 2019-2024) - **Additional Australind Trains Procurement** (procurement phase 2020, delivery expected by 2023) - **Provision Of Regional-Level Sporting Facilities In Growth Areas Perth And Peel** (construction phases 2021-2025).

Professional plan users can use the search below to filter and access additional projects.

Denotes AI-based impression for illustrative purposes only, not to be taken as definitive under any circumstances. Please follow links and conduct other investigations from the project's source for actual imagery. Developers and project owners wishing us to use original imagery please Contact Us and we will do so.

Employment performance in Falcon exceeds national averages across key labour market indicators

Falcon's workforce comprises both white and blue-collar jobs, with manufacturing and industrial sectors well-represented. Its unemployment rate was 3.2% in the past year, showing an estimated employment growth of 9.1%. As of September 2025, Falcon has 2,823 employed residents, with an unemployment rate of 0.8% lower than Greater Perth's 4.0%.

Workforce participation is significantly lower at 54.2%, compared to Greater Perth's 71.6%. Only 8.7% of residents work from home, though Covid-19 impacts may have influenced this figure. Leading industries include health care & social assistance, mining, and construction. Mining employment is particularly high, with a share 1.7 times the regional level.

However, professional & technical services are under-represented at 3.4%, compared to Greater Perth's 8.2%. Local employment opportunities appear limited, as indicated by the working population vs resident population count. Between September 2024 and September 2025, employment increased by 9.1% while labour force rose by 9.5%, leading to a slight unemployment increase of 0.3 percentage points. In contrast, Greater Perth saw employment grow by 2.9% and labour force by 3.0%. Jobs and Skills Australia's national employment forecasts from May-25 project overall growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Falcon's employment mix suggests local growth of 5.7% over five years and 12.5% over ten years, though these are simple extrapolations for illustrative purposes only and do not account for local population projections.

Income levels sit below national averages according to AreaSearch assessment

AreaSearch's latest postcode level ATO data for financial year ending 2023 shows Falcon's median income among taxpayers is $52,662, with an average of $74,262. This is higher than the national average. Greater Perth's median income is $60,748 and average is $80,248 during the same period. Based on a 9.62% increase since financial year ending 2023, estimated incomes for September 2025 would be approximately $57,728 (median) and $81,406 (average). According to 2021 Census figures, Falcon's household, family, and personal incomes fall between the 13th and 16th percentiles nationally. Income distribution shows that 25.3% of locals (1,579 people) earn between $1,500 - 2,999 annually, similar to broader regional trends where 32.0% fall into the same category. Housing affordability pressures are severe in Falcon, with only 83.7% of income remaining after housing costs, ranking at the 14th percentile nationally.

Falcon is characterized by a predominantly suburban housing profile, with above-average rates of outright home ownership

Falcon's dwelling structure, as per the latest Census evaluation, consisted of 94.7% houses and 5.3% other dwellings including semi-detached, apartments, and 'other' dwellings. This compares to Perth metro's 77.8% houses and 22.1% other dwellings. Home ownership in Falcon stood at 43.0%, with mortgaged dwellings at 33.7% and rented ones at 23.3%. The median monthly mortgage repayment was $1,625, lower than Perth metro's average of $1,907. The median weekly rent in Falcon was $300, compared to Perth metro's $350. Nationally, Falcon's mortgage repayments were significantly lower at $1,625 compared to the Australian average of $1,863, while rents were substantially below the national figure of $375.

Falcon has a typical household mix, with a lower-than-average median household size

Family households account for 68.4% of all households, including 21.4% couples with children, 35.5% couples without children, and 10.5% single parent families. Non-family households constitute the remaining 31.6%, with lone person households at 29.5% and group households making up 2.3% of the total. The median household size is 2.2 people, which is smaller than the Greater Perth average of 2.6.

Falcon shows strong educational performance, ranking in the upper quartile nationally when assessed across multiple qualification and achievement indicators

The area has university qualification rates at 15.3%, significantly lower than the Australian average of 30.4%. This presents both a challenge and an opportunity for targeted educational initiatives. Bachelor degrees are the most common at 11.2%, followed by graduate diplomas (2.4%) and postgraduate qualifications (1.7%). Trade and technical skills are prominent, with 44.0% of residents aged 15+ holding vocational credentials – advanced diplomas (11.5%) and certificates (32.5%).

A substantial 23.4% of the population is actively pursuing formal education, including 8.3% in primary education, 6.8% in secondary education, and 3.0% in tertiary education.

Transport servicing is low compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility

Falcon has 48 operational public transport stops, all providing bus services. These are covered by 6 different routes, offering a total of 488 weekly passenger trips. Transport accessibility is rated as good, with residents' average distance to the nearest stop being 203 meters. In this predominantly residential area, most commuting is outward-bound. Car remains the primary mode of transport at 85%, while train usage stands at 6%. On average, there are 1.4 vehicles per dwelling.

According to the 2021 Census, only 8.7% of residents work from home, which may be influenced by COVID-19 conditions. Service frequency averages 69 trips per day across all routes, translating to approximately 10 weekly trips per individual stop.

Falcon's residents are healthier than average in comparison to broader Australia with a fairly standard level of common health conditions seen across both young and old age cohorts

Falcon's health data shows positive results, aligning with national standards for mortality rates and health conditions. Common health issues affect both young and elderly residents similarly.

Private health cover is high at 57% (~3,538 people), compared to Greater Perth's 59%. The most prevalent medical conditions are arthritis (11.4%) and mental health issues (8.9%), with 62.9% reporting no ailments, compared to Greater Perth's 71.9%. Working-age residents have a higher chronic health condition prevalence than average. Falcon has 33.9% of residents aged 65 and over (2,116 people), exceeding Greater Perth's 16.3%. Senior health outcomes are above average, matching national rankings for the general population.

Falcon ranks below the Australian average when compared to other local markets across a number of language and cultural background related metrics

Falcon's population was found to be predominantly Australian-born, with 76.5% having been born in Australia, and a majority were citizens at 88.7%. English was the primary language spoken at home by 96.1% of Falcon residents. Christianity was identified as the main religion, accounting for 46.1% of people in Falcon, compared to 45.0% across Greater Perth.

In terms of ancestry, English heritage was most prevalent at 36.8%, followed by Australian at 27.9%, and Scottish at 8.0%. Notably, Welsh ancestry was overrepresented in Falcon at 1.1%, as were Maori at 1.1% and New Zealand-born residents at 1.0%, compared to regional averages of 0.7%, 0.9%, and 0.8% respectively.

Falcon ranks among the oldest 10% of areas nationwide

Falcon's median age is 50 years, which is significantly higher than Greater Perth's median age of 37 years and the national average of 38 years. Compared to Greater Perth, Falcon has a higher percentage of residents aged 65-74 (18.3%), but fewer residents aged 25-34 (7.8%). This concentration of 65-74 year-olds is well above the national average of 9.5%. Between the 2021 Census and the present, the percentage of Falcon's population aged 75 to 84 has grown from 8.8% to 12.4%, while the 65 to 74 age group increased from 17.1% to 18.3%. Conversely, the 55 to 64 age group has declined from 16.4% to 14.7%, and the 25 to 34 age group has dropped from 9.3% to 7.8%. By 2041, Falcon's population is expected to experience notable shifts in its age composition. The 75 to 84 age group is projected to grow by 72%, reaching 1,334 people from the current 774. Residents aged 65 and older are anticipated to represent 82% of this growth. Conversely, both the 0 to 4 and 35 to 44 age groups are expected to decrease in number.