Floreat

Population growth drivers in Floreat 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, Floreat's population is estimated at around 9,397 as of Nov 2025. This reflects an increase of 776 people (9.0%) since the 2021 Census, which reported a population of 8,621 people. The change is inferred from the resident population of 9,388, estimated by AreaSearch following examination of the latest ERP data release by the ABS (June 2024) and an additional 61 validated new addresses since the Census date. This level of population equates to a density ratio of 2,051 persons per square kilometer, which is above the average seen across national locations assessed by AreaSearch. Floreat's 9.0% growth since census positions it within 0.7 percentage points of the national average (9.7%), demonstrating competitive growth fundamentals. Population growth for the area was primarily driven by overseas migration that contributed approximately 84.0% of overall population gains during recent periods, although all drivers including natural growth and interstate migration 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 statistical areas analysed by AreaSearch is projected, with the Floreat statistical area (Lv2) expected to grow by 1,621 persons to 2041 based on aggregated SA2-level projections, reflecting a gain of 17.1% in total over the 17 years.

AreaSearch analysis of residential development drivers sees Floreat recording a relatively average level of approval activity when compared to local markets analysed countrywide

AreaSearch analysis of ABS building approval numbers allocated from statistical area data shows Floreat has experienced approximately 18 dwelling approvals per year over the past five financial years, totalling an estimated 92 homes. As of FY-26, 10 approvals have been recorded. On average, each home built between FY-21 and FY-25 attracted around 6.7 new residents annually, indicating demand outpaces supply, which typically influences prices upwards and intensifies competition among buyers. The average construction cost value for new dwellings in Floreat is approximately $1,655,000, reflecting a focus on the premium segment with upmarket properties.

Commercial approvals this financial year totalled $91,000, suggesting a predominantly residential focus. Recent development has comprised entirely detached dwellings, preserving the area's suburban nature and attracting space-seeking buyers.

With around 530 people per approval, Floreat indicates a mature market. According to AreaSearch's latest quarterly estimate, Floreat is forecasted to gain approximately 1,612 residents by 2041. If current construction levels persist, housing supply may lag population growth, potentially intensifying buyer competition and underpinning price growth.

Floreat has moderate levels of nearby infrastructure activity, ranking in the 48thth percentile nationally

"Changes in local infrastructure significantly impact an area's performance. AreaSearch has identified seven projects that may affect this region. Notable projects include Jolie, Pearson & Newry Streets Mixed-Use Precinct, Floreat Forum Shopping Centre Redevelopment (Stage 2 Expansion), and Floreat Oval Precinct Redevelopment. The following list details those most relevant.".

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AreaSearch analysis of employment trends sees Floreat performing better than 90% of local markets assessed across Australia

Floreat has a highly educated workforce with strong representation in professional services. Its unemployment rate is 1.1%, according to AreaSearch's aggregation of statistical area data.

As of September 2025, 5,107 residents are employed at an unemployment rate of 2.9% below Greater Perth's 4.0%. Workforce participation is 68.1%, slightly higher than Greater Perth's 65.2%. Employment is concentrated in health care & social assistance, professional & technical services, and education & training, with a notable strength in professional & technical jobs (2.0 times the regional level). Conversely, construction employs only 6.3% of local workers, lower than Greater Perth's 9.3%.

The area appears to offer limited local employment opportunities, as indicated by the Census working population vs resident population count. Over the year to September 2025, labour force levels decreased by 2.9%, with a 3.3% decline in employment, leading to an unemployment rate rise of 0.4 percentage points. This contrasts with Greater Perth's employment and labour force growth of 2.9% and 3.0%, respectively, and a marginal unemployment increase. State-level data from 25-Nov-25 shows WA employment contracted by 0.27%, with an unemployment rate of 4.6%. National employment forecasts from May-25 suggest overall growth of 6.6% over five years and 13.7% over ten years, but sector-specific projections for Floreat indicate local employment should increase by 7.4% over five years and 15.1% over ten years.

Income metrics indicate excellent economic conditions, with the area achieving higher performance than 75% of national locations assessed by AreaSearch

The suburb of Floreat has an exceptionally high income level nationally according to the latest Australian Taxation Office (ATO) data aggregated by AreaSearch for financial year 2023. The median income among taxpayers in Floreat is $66,712 and the average income stands at $110,296. These figures compare to those of Greater Perth, which are $60,748 (median) and $80,248 (average). Based on Wage Price Index growth of 9.62% since financial year 2023, current estimates for Floreat would be approximately $73,130 (median) and $120,906 (average) as of September 2025. According to the 2021 Census data, household, family, and personal incomes in Floreat rank highly nationally, between the 91st and 99th percentiles. The $4000+ earnings band captures 45.9% of the community (4,313 individuals), contrasting with the surrounding region where the $1,500 - 2,999 bracket leads at 32.0%. Higher earners represent a substantial presence in Floreat, with 57.1% exceeding $3,000 weekly. After housing costs, residents retain 89.2% of their income, reflecting strong purchasing power within the community. The area's Socio-Economic Indexes for Areas (SEIFA) income ranking places it in the 10th decile.

Floreat is characterized by a predominantly suburban housing profile, with strong rates of outright home ownership

Floreat's dwelling structure, as per the latest Census evaluation, consisted of 89.8% houses and 10.2% other dwellings such as semi-detached homes, apartments, and 'other' dwellings. The home ownership rate in Floreat was 46.3%, with 41.1% of dwellings under mortgage and 12.6% rented out. The median monthly mortgage repayment in the area stood at $3,250, while the median weekly rent figure was recorded as $600. Nationally, Floreat's mortgage repayments were significantly higher than the Australian average of $1,863, with rents substantially above the national figure of $375.

Floreat features high concentrations of family households, with a median household size of 3.0 people

Family households account for 83.5% of all households, including 49.6% that are couples with children, 25.7% that are couples without children, and 7.5% that are single parent families. Non-family households make up the remaining 16.5%, with lone person households at 14.7% and group households comprising 1.8% of the total. The median household size is 3 people.

Floreat demonstrates exceptional educational outcomes, ranking among the top 5% of areas nationally based on AreaSearch's comprehensive analysis of qualification and performance metrics

Floreat's educational attainment exceeds broader standards significantly. Among residents aged 15+, 57.5% hold university qualifications compared to WA's 27.9% and Greater Perth's 30.1%. Bachelor degrees are the most prevalent at 36.6%, followed by postgraduate qualifications (15.4%) and graduate diplomas (5.5%). Vocational pathways account for 17.8% of qualifications, with advanced diplomas at 9.2% and certificates at 8.6%.

Educational participation is notably high, with 34.6% of residents currently enrolled in formal education. This includes 11.7% in primary education, 11.5% in secondary education, and 7.7% pursuing tertiary education.

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

Transport analysis shows 71 active transport stops in Floreat, served by buses. These stops are covered by 10 routes, offering 1,486 weekly passenger trips. Transport accessibility is rated excellent, with residents usually located 157 meters from the nearest stop.

Service frequency averages 212 trips daily across all routes, equating to about 20 weekly trips per individual stop.

Floreat's residents boast exceedingly positive health performance metrics with very low prevalence of common health conditions across all age groups

Floreat shows excellent health outcomes with very low prevalence of common conditions across all ages. Private health cover is high at approximately 71% of the total population of 6,669 people, compared to the national average of 55.7%.

The most prevalent medical conditions are asthma and arthritis, affecting 6.3% and 5.9% of residents respectively. A majority, 76.5%, report no medical ailments, higher than the Greater Perth average of 0%. Floreat has 19.6% of residents aged 65 and over (1,841 people). Seniors' health outcomes are strong, aligning with the general population's profile.

The level of cultural diversity witnessed in Floreat was found to be slightly above average when compared nationally for a number of language and cultural background related metrics

Floreat's cultural diversity was found to be above average, with 12.7% of its population speaking a language other than English at home and 28.4% born overseas. Christianity was the predominant religion in Floreat, comprising 50.3% of its people. Notably, Judaism had an overrepresentation in Floreat at 0.2%, compared to None% across Greater Perth.

Regarding ancestry, the top three groups were English (27.7%), Australian (24.3%), and Irish (9.2%). Some ethnic groups showed notable divergences: South African was overrepresented at 1.2% in Floreat versus None% regionally, Croatian at 1.2%, and Dutch at 1.8%.

Floreat's median age exceeds the national pattern

The median age in Floreat is 42 years, significantly higher than Greater Perth's average of 37 years and Australia's median age of 38 years. The 5-14 age group comprises 16.2% of the population in Floreat, compared to Greater Perth, while the 25-34 cohort makes up only 5.3%. Post-2021 Census data shows that the 65-74 age group has grown from 8.9% to 10.8%, and the 75-84 cohort has increased from 4.7% to 6.4%. Conversely, the 0-4 age group has declined from 4.8% to 3.7%. By 2041, population forecasts indicate substantial demographic changes for Floreat. The 75-84 age group is projected to grow by 109%, reaching 1,256 people from 601. Notably, the combined 65+ age groups are expected to account for 76% of total population growth, reflecting the area's aging demographic profile. In contrast, the 0-4 and 35-44 cohorts are anticipated to experience population declines.