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 9,397 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 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 population level equates to a density ratio of 2,126 persons per square kilometer, which is above the average seen across national locations assessed by AreaSearch. Over the past decade, Floreat has demonstrated resilient growth patterns with a 1.4% compound annual growth rate, outpacing the SA3 area. Population growth for the area was primarily driven by overseas migration, which 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). Regarding 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 an increase 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

Floreat has recorded around 18 residential properties granted approval each year, totalling 91 homes over the past 5 financial years. So far in FY-26, 13 approvals have been recorded. With an average of 6.8 people per year moving to the area for each dwelling built over the past 5 financial years (between FY-21 and FY-25), demand significantly exceeds new supply, which usually results in price growth and increased buyer competition, while new properties are constructed at an average value of $853,000, revealing that developers are targeting the premium market segment with higher-end properties. There have also been $3.9 million in commercial approvals this financial year, indicating limited commercial development focus.

Compared to Greater Perth, Floreat shows substantially reduced construction (62.0% below regional average per person). This limited new supply generally supports stronger demand and values for established properties. This activity is similarly below the national average, indicating the area's established nature and suggesting potential planning limitations. Meanwhile, recent building activity consists entirely of standalone homes, preserving the area's suburban nature with an emphasis on detached housing attracting space-seeking buyers. The location has approximately 531 people per dwelling approval, reflecting an established area.

Population forecasts indicate Floreat will gain 1,612 residents through to 2041 (from the latest AreaSearch quarterly estimate). Should current construction levels persist, housing supply could lag population growth, likely intensifying buyer competition and underpinning price growth.

Floreat has limited levels of nearby infrastructure activity, ranking in the 9thth percentile nationally

Nothing can influence an area's performance as much as changes to local infrastructure, major projects, and planning initiatives. In total 7 projects have been identified by AreaSearch that are likely to have an impact on the area. Key projects include Pearson & Newry Streets Mixed-Use Precinct, Floreat Forum Shopping Centre Redevelopment (Stage 2 Expansion), Floreat Oval Precinct Redevelopment, and Jolie, with the list below detailing those likely to be of most relevance.

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 possesses a highly educated workforce, with professional services showing strong representation, and an unemployment rate of just 1.4%. As of December 2025, 5,163 residents are in work, while the unemployment rate is 2.7% below Greater Perth's rate of 4.1%, and workforce participation is somewhat below standard (69.2% compared to Greater Perth's 71.9%). Based on Census responses, a moderate 14.6% of residents were found to work from home, though Covid-19 lockdown impacts should be considered.

The dominant employment sectors among residents include health care & social assistance, professional & technical, and education & training. The area demonstrates a particularly notable concentration in professional & technical services, with employment levels at 2.0 times the regional average. On the other hand, construction is under-represented, with only 6.3% of Floreat's workforce compared to 9.3% in Greater Perth. The predominantly residential area appears to offer limited employment opportunities locally, as indicated by the count of the Census working population versus the resident population.

Based on AreaSearch analysis of SALM and ABS data, over the 12 months to December 2025, labour force levels decreased by 0.8% while employment declined by 1.4%, causing the unemployment rate to rise by 0.6 percentage points. By comparison, Greater Perth recorded employment growth of 2.3%, labour force growth of 2.6%, with unemployment rising 0.3 percentage points. Jobs and Skills Australia's national employment forecasts from May-25 can offer further insight into potential future demand within Floreat. These projections, covering five and ten-year periods, have been mapped against the local employment profile to estimate growth patterns. While national employment is forecast to expand by 6.6% over five years and 13.7% over ten years, growth rates differ significantly between industry sectors. Applying these industry-specific projections to Floreat's employment mix suggests local employment should increase by 7.4% over five years and 15.1% over ten years (please note this is a simple weighting extrapolation for illustrative purposes and does not take into account localised population projections).

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

According to AreaSearch's aggregation of the latest postcode level ATO data released for FY-23, the Floreat SA2 had a median income among taxpayers of $66,800 with the average level standing at $109,833. This is exceptionally high nationally and compares to levels of $60,748 and $80,248 across Greater Perth respectively. Based on Wage Price Index growth of 9.62% since FY-23, current estimates would be approximately $73,226 (median) and $120,399 (average) as of September 2025. Census 2021 income data shows household, family and personal incomes all rank highly in Floreat, between the 91st and 99th percentiles nationally. Looking at income distribution, the predominant cohort spans 45.9% of locals (4,313 people) in the $4000+ category, diverging from the surrounding region where the $1,500 - 2,999 category predominates at 32.0%. The locality demonstrates considerable affluence with 57.1% earning over $3,000 per week, supporting premium retail and service offerings. After housing costs, residents retain 89.2% of income, reflecting strong purchasing power and 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

Dwelling structure within Floreat, as evaluated at the latest Census, comprised 89.8% houses and 10.2% other dwellings (semi-detached, apartments, 'other' dwellings), in comparison to Perth metro's 77.8% houses and 22.1% other dwellings. Meanwhile, the level of home ownership within Floreat was well beyond that of Perth metro, at 46.3%, with the remainder of dwellings either mortgaged (41.1%) or rented (12.6%). The median monthly mortgage repayment in the area was well above the Perth metro average at $3,250, while the median weekly rent figure was recorded at $600, compared to Perth metro's $1,907 and $350. Nationally, Floreat's mortgage repayments are significantly higher than the Australian average of $1,863, while rents are substantially above the national figure of $375.

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

Family households dominate at 83.5% of all households, comprising 49.6% couples with children, 25.7% couples without children, and 7.5% 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 of 3.0 people 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

Educational attainment in Floreat significantly surpasses broader benchmarks, with 57.5% of residents aged 15+ holding university qualifications compared to 27.9% in WA and 30.1% in Greater Perth. This substantial educational advantage positions the area strongly for knowledge-based opportunities. Bachelor degrees lead at 36.6%, followed by postgraduate qualifications (15.4%) and graduate diplomas (5.5%). Vocational pathways account for 17.8% of qualifications among those aged 15+ – advanced diplomas (9.2%) and certificates (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

Public transport analysis reveals 67 active transport stops operating within Floreat comprising a mix of buses. These stops are serviced by 10 individual routes, collectively providing 1,486 weekly passenger trips. Transport accessibility is rated as excellent, with residents typically located 157 meters from the nearest transport stop. As a primarily residential area, most residents commute outward - the car remains the dominant mode at 81%, with 10% by bus and 3% cycling. Vehicle ownership averages 1.8 per dwelling, above the regional average. Some 14.6% of residents work from home (2021 Census; may reflect COVID-19 conditions).

Service frequency averages 212 trips per day across all routes, equating to approximately 22 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 demonstrates outstanding results across Floreat, based on AreaSearch's assessment of mortality rates and chronic condition prevalence. There is a very low prevalence of common health conditions across all age groups, and the rate of private health cover is exceptionally high at approximately 75% of the total population (7,075 people), compared to 59.0% across Greater Perth and a national average of 55.7%.

The most common medical conditions in the area are asthma and arthritis, impacting 6.3% and 5.9% of residents, respectively, while 76.5% declared themselves as completely clear of medical ailments compared to 71.9% across Greater Perth. The area has 20.6% of residents aged 65 and over (1,939 people), which is higher than the 16.3% in Greater Perth. Health outcomes among seniors are particularly strong, with national rankings broadly in line with 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 was found to be above average in terms of cultural diversity, with 12.7% of its population speaking a language other than English at home and 28.4% born overseas. The main religion in Floreat is Christianity, which makes up 50.3% of people. However, the most apparent overrepresentation was in Judaism, which comprises 0.2% of the population, compared to 0.3% across Greater Perth.

In terms of ancestry (country of birth of parents), the top three represented groups in Floreat are English, comprising 27.7% of the population, Australian, comprising 24.3% of the population, and Irish, comprising 9.2% of the population. Additionally, there are notable divergences in the representation of certain other ethnic groups: South Australian is notably overrepresented at 1.2% of Floreat (vs 1.0% regionally), Croatian at 1.2% (vs 0.8%) and Dutch at 1.8% (vs 1.5%).

Floreat's median age exceeds the national pattern

The 42-year median age in Floreat is significantly above Greater Perth's average of 37 and similarly considerably older than Australia's 38 years. The 5 - 14 age group shows strong representation at 15.9% compared to Greater Perth, whereas the 25 - 34 cohort is less prevalent at 5.1%. Post-2021 Census data shows the 75 to 84 age group has grown from 4.7% to 6.9% of the population, while the 65 to 74 cohort increased from 8.9% to 11.0%. Conversely, the 45 to 54 cohort has declined from 16.7% to 15.2% and the 0 to 4 group dropped from 4.8% to 3.5%. Population forecasts for 2041 indicate substantial demographic changes for Floreat. Leading the demographic shift, the 75 to 84 group will grow by 94% (608 people), reaching 1,256 from 647. Notably, the combined 65+ age groups will account for 73% of total population growth, reflecting the area's aging demographic profile. In contrast, the 0 to 4 and 35 to 44 cohorts are expected to experience population declines.