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, the suburb of Floreat's population is estimated at around 9,397 as of Feb 2026. 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 in 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 0.9 percentage points of the national average (9.9%), 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 suburb 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 shows Floreat had approximately 18 dwelling approvals per year over the past five financial years, totalling around 92 homes. In FY-26 so far, 10 approvals have been recorded. On average, each home built between FY-21 and FY-25 accommodated about 6.7 new residents. This indicates demand outpacing supply, potentially driving up prices and increasing buyer competition.

The average expected construction cost of new dwellings is $1,655,000, suggesting a focus on premium properties. Commercial approvals in FY-26 amount to $91,000, reflecting a predominantly residential focus.

All recent developments have been detached dwellings, maintaining Floreat's suburban character and attracting space-seeking buyers. With around 530 people per approval, the area indicates a mature market. By 2041, Floreat is projected to gain approximately 1,612 residents. If current construction levels persist, housing supply may lag population growth, further intensifying buyer competition and supporting price growth.

Floreat has moderate levels of nearby infrastructure activity, ranking in the 44thth percentile nationally

The performance of an area is significantly influenced by changes to local infrastructure, major projects, and planning initiatives. AreaSearch has identified seven projects that are expected to impact this area. Notable projects include the Jolie, Pearson & Newry Streets Mixed-Use Precinct, Floreat Forum Shopping Centre Redevelopment (Stage 2 Expansion), and Floreat Oval Precinct Redevelopment. The following list outlines those projects deemed most relevant.

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

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

Floreat's workforce is highly educated with strong representation in professional services. Its unemployment rate was 1.1% as of September 2025, lower than Greater Perth's 4.0%. Workforce participation was 68.3%, slightly below Greater Perth's 71.6%.

In September 2025, 5,107 residents were employed with an unemployment rate of 2.9% below the regional level. Home-based workers constituted 14.6% of residents. Employment is concentrated in health care & social assistance, professional & technical, and education & training sectors. The area has a particularly high specialization in professional & technical services, employing twice as many locals compared to the regional average.

Construction employment stood at 6.3%, lower than Greater Perth's 9.3%. Limited local employment opportunities are indicated by Census data comparing working population to resident population. Between September 2024 and September 2025, Floreat experienced a 2.9% decrease in labour force levels and a 3.3% decline in employment, resulting in a 0.4 percentage point rise in unemployment rate. This contrasts with Greater Perth's employment growth of 2.9% and marginal unemployment increase. Jobs and Skills Australia forecasts national employment growth by 6.6% over five years and 13.7% over ten years. Applying these projections to Floreat's employment mix suggests local employment should increase by 7.4% over five years and 15.1% over ten years, based on simple weighting extrapolation for illustrative purposes.

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 ATO data aggregated by AreaSearch. For financial year 2023, the median income among taxpayers in Floreat was $66,712, with an average income of $110,296. This compares to figures for Greater Perth of $60,748 and $80,248 respectively. Based on Wage Price Index growth of 9.62% since financial year 2023, current estimates would be approximately $73,130 (median) and $120,906 (average) as of September 2025. From the 2021 Census, 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, with 57.1% exceeding $3,000 weekly. After housing costs, residents retain 89.2% of income, reflecting strong purchasing power. The area's SEIFA income ranking places it in the 10th decile.

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

In Floreat, as per the latest Census, 89.8% of dwellings were houses with the remaining 10.2% being semi-detached, apartments, or other types. This contrasts with Perth metro's 77.8% houses and 22.1% other dwellings. Home ownership in Floreat stood at 46.3%, with mortgaged dwellings at 41.1% and rented ones at 12.6%. The median monthly mortgage repayment was $3,250, higher than Perth metro's average of $1,907. Median weekly rent in Floreat was $600 compared to Perth metro's $350. Nationally, Floreat's mortgage repayments were significantly higher at $3,250 versus the Australian average of $1,863, and rents were substantially higher at $600 against the national figure of $375.

Floreat features high concentrations of family households, with a higher-than-average median household size

Family households constitute 83.5% of all households, including 49.6% couples with children, 25.7% couples without children, and 7.5% single parent families. Non-family households comprise the remaining 16.5%, with lone person households at 14.7% and group households at 1.8%. The median household size is 3.0 people, which is larger than the Greater Perth average of 2.6.

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 significantly exceeds broader benchmarks. Among residents aged 15+, 57.5% hold university qualifications, compared to 27.9% in WA and 30.1% in Greater Perth. Bachelor degrees are the most common 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 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

Floreat has 71 active public transport stops, all serving buses. These are covered by 10 routes offering 1,486 weekly passenger trips in total. The average distance to the nearest stop is 157 meters. Most residents commute outwards, with cars being the primary mode at 81%, followed by buses at 10% and cycling at 3%. On average, there are 1.8 vehicles per dwelling, higher than the regional average. According to the 2021 Census, 14.6% of residents work from home, which may be influenced by COVID-19 conditions.

The service frequency averages 212 trips per day across all routes, equating to approximately 20 weekly trips per stop.

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

Health outcomes data shows excellent results across Floreat, according to AreaSearch's assessment of mortality rates and chronic condition prevalence. The area has a very low prevalence of common health conditions across all age groups. Private health cover is exceptionally high at approximately 71% of the total population (6,669 people), compared to 59.0% across Greater Perth and the national average of 55.7%.

The most common medical conditions are asthma and arthritis, affecting 6.3 and 5.9% of residents respectively. A significant majority, 76.5%, report being completely clear of medical ailments, compared to 71.9% across Greater Perth. Floreat has a higher proportion of seniors aged 65 and over at 20.6% (1,935 people), compared to 16.3% in Greater Perth. Health outcomes among seniors are strong, generally in line with the national rankings for the general population.

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 main religion in Floreat, comprising 50.3% of people. Judaism was overrepresented, making up 0.2% compared to 0.3% across Greater Perth.

The top three ancestry groups were English (27.7%), Australian (24.3%), and Irish (9.2%). Notably, South African, Croatian, and Dutch ethnicities were also overrepresented in Floreat at 1.2%, 1.2%, and 1.8% respectively.

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 national average of 38 years. The 5-14 age group comprises 15.9% of the population, higher than Greater Perth's percentage, while the 25-34 age group makes up only 5.1%. Post-2021 Census data shows that the 75 to 84 age group has increased from 4.7% to 6.9%, and the 65 to 74 cohort has risen from 8.9% to 11.0%. Conversely, the 45 to 54 age group has decreased from 16.7% to 15.2%, and the 0 to 4 age group has fallen from 4.8% to 3.5%. Population forecasts for 2041 indicate substantial demographic changes in Floreat, with the 75 to 84 age group expected to grow by 94% (607 people), reaching a total of 1,256 from 648. Notably, the combined 65+ age groups will account for 73% of total population growth, reflecting Floreat's aging demographic profile. In contrast, the 0 to 4 and 35 to 44 age cohorts are expected to experience population declines.