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 AreaSearch's analysis, Floreat's population is around 9,400 as of November 2025. This reflects an increase of 779 people since the 2021 Census, which reported a population of 8,621 people. The change is inferred from the estimated resident population of 9,388 from the ABS as of June 2024 and an additional 61 validated new addresses since the Census date. This level of population equates to a density ratio of 2,126 persons per square kilometer, which is above the average seen across national locations assessed by AreaSearch. Floreat's 9.0% growth since the 2021 census exceeded the national average (8.9%), marking it as a growth leader in the region. Population growth for the area was primarily driven by overseas migration that contributed approximately 83.9% 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 Australian statistical areas is projected, with the area expected to expand by 1,621 persons to 2041 based on the latest annual ERP population numbers, reflecting a total increase of 17.1% 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

Floreat has recorded approximately 18 residential properties granted approval each year over the past five financial years, totalling 91 homes. As of FY26, 9 approvals have been recorded. On average, 6.8 people moved to the area annually for each dwelling built between FY21 and FY25. This high demand coupled with limited supply typically leads to price growth and increased buyer competition.

The average construction value of new properties is $853,000, indicating a focus on the premium market segment. In FY26, commercial approvals amounted to $3.9 million, suggesting minimal commercial development activity compared to Greater Perth's regional average. Floreat's limited new supply generally supports stronger demand and values for established properties, with recent building activity consisting entirely of standalone homes. The area has approximately 531 people per dwelling approval, reflecting its established nature. By 2041, Floreat is projected to gain 1,609 residents.

If current construction levels persist, housing supply may lag population growth, potentially intensifying buyer competition and underpinning price growth.

Floreat has limited levels of nearby infrastructure activity, ranking in the 7thth percentile nationally

Changes to local infrastructure significantly impact an area's performance. AreaSearch identified seven projects likely affecting the region. Notable ones are Pearson & Newry Streets Mixed-Use Precinct, Floreat Forum Shopping Centre Redevelopment (Stage 2 Expansion), Floreat Oval Precinct Redevelopment, and Jolie. The following list details those most relevant.

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.

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

Floreat has an educated workforce with significant representation in professional services, and a low unemployment rate of 1.1% as of September 2025. The area's residents show strong employment numbers, with 5,107 working residents and an unemployment rate 2.9% lower than Greater Perth's 4.0%.

Workforce participation is similar to Greater Perth at 68.1%. Key sectors include health care & social assistance, professional & technical services, and education & training. Notably, professional & technical employment is high, at twice the regional average. Construction employment is relatively low at 6.3%, compared to Greater Perth's 9.3%.

Local job opportunities may be limited due to Census data showing fewer working residents than expected based on population. Between September 2024 and September 2025, Floreat's labour force decreased by 2.9% and employment declined by 3.3%, increasing unemployment by 0.4 percentage points. In contrast, Greater Perth saw employment grow by 2.9%. Statewide in WA, employment contracted by 0.27% from November 2024 to November 2025, with an unemployment rate of 4.6% compared to the national rate of 4.3%. Job and Skills Australia forecasts national employment growth at 6.6% over five years and 13.7% over ten years. Applying these projections to Floreat's employment mix suggests local employment could increase by 7.4% in five years and 15.1% in ten years, though this is a simplified extrapolation for illustrative purposes only.

The economic profile demonstrates exceptional strength, placing the area among the top 10% nationally based on comprehensive AreaSearch income analysis

In Floreat SA2, according to AreaSearch's aggregation of latest postcode level ATO data for financial year 2022, the median income among taxpayers was $66,712 and the average was $110,296. Nationally, these figures are exceptionally high compared to Greater Perth's median of $58,380 and average of $78,020. By September 2025, based on a 14.2% Wage Price Index growth since financial year 2022, estimated incomes would be approximately $76,185 (median) and $125,958 (average). Census 2021 income data ranks household, family, and personal incomes in Floreat between the 91st and 99th percentiles nationally. The predominant income cohort spans 45.9% of locals (4,314 people) earning $4000+ per week, unlike surrounding regions where the $1,500 - 2,999 category predominates at 32.0%. Floreat's affluence is evident with 57.1% earning over $3,000 weekly, supporting premium retail and services. 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 evaluation, 89.8% of dwellings were houses with the remaining 10.2% being semi-detached, apartments, or other types. This compares to Perth metro's 68.6% houses and 31.3% 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, below Perth metro's average of $3,293. Median weekly rent in Floreat was $600, higher than Perth metro's $450. Nationally, Floreat's mortgage repayments were significantly higher than the Australian average of $1,863, and rents were substantially above 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 making up 1.8%. The median household size is 3.0 people, 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 residents aged 15 and above have a higher proportion of university qualifications than the broader Western Australian (WA) region and Greater Perth. Specifically, 57.5% of Floreat residents hold such qualifications compared to 27.9% in WA and 30.1% in Greater Perth. This educational advantage is driven by bachelor degrees, which are held by 36.6% of residents aged 15 and above. Postgraduate qualifications follow at 15.4%, with graduate diplomas accounting for 5.5%.

Vocational pathways make up 17.8% of qualifications in this age group, with advanced diplomas at 9.2% and certificates at 8.6%. Educational participation is high in Floreat, 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 indicates 68 active transport stops in Floreat, consisting of bus services. These stops are served by 10 distinct routes, offering a total of 1,447 weekly passenger trips. Transport accessibility is rated excellent, with residents located an average of 157 meters from the nearest stop.

Service frequency averages 206 trips per day across all routes, resulting in approximately 21 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

Health outcomes data for Floreat shows very low prevalence of common health conditions across all age groups. The rate of private health cover is exceptionally high at approximately 75% of the total population (7,078 people), compared to 87.5% in Greater Perth and a national average of 55.3%. The most common medical conditions are asthma and arthritis, affecting 6.3% and 5.9% of residents respectively.

A total of 76.5% of residents declare themselves completely clear of medical ailments, compared to 74.2% in Greater Perth. Floreat has 19.6% of residents aged 65 and over (1,845 people), lower than the 21.5% in Greater Perth. Health outcomes among seniors are particularly strong, broadly aligning with the general population's health 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 main religion in Floreat, comprising 50.3% of people. Notably, Judaism was overrepresented compared to Greater Perth, making up 0.2% versus 0.5%.

The top three ancestry groups were English (27.7%), Australian (24.3%), and Irish (9.2%). There were notable divergences in the representation of certain ethnic groups: South African at 1.2% compared to 1.1% regionally, Croatian at 1.2% versus 0.8%, and Dutch at 1.8% compared to 1.5%.

Floreat's median age exceeds the national pattern

The median age in Floreat is 42 years, which is significantly higher than Greater Perth's average of 37 years and Australia's average of 38 years. The 5-14 age group comprises 16.2% of the population compared to Greater Perth, while the 25-34 age group represents 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%. However, the 0-4 age group has declined from 4.8% to 3.7%. Population forecasts for 2041 indicate substantial demographic changes in Floreat. The 75-84 age group is expected to grow by 109%, reaching 1,256 people from 600. Notably, the combined 65+ age groups will account for 76% of total population growth, reflecting the area's aging demographic profile. In contrast, the 0-4 and 35-44 age cohorts are expected to experience population declines.