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

According to the analysis conducted by AreaSearch, the population of Floreat is approximately 9,508 as of May 2026. This represents a growth of 887 individuals (10.3%) from the 2021 Census, which documented a population of 8,621 people. This shift is calculated using the June 2025 ABS estimated resident population of 9,505 along with 61 validated new addresses identified since the Census. Such population numbers produce a density of 2,151 persons per square kilometer, a figure that exceeds the average across national locations assessed by AreaSearch. The 10.3% population expansion since the 2021 census surpassed the national average (9.3%), positioning the area as a regional growth leader. The primary driver of this population growth was overseas migration, which accounted for roughly 92.5% of the total population gains in recent times.

AreaSearch incorporates projections from the ABS and Geoscience Australia for individual SA2 regions, published in 2024 with a 2022 baseline. For SA2 regions lacking this dataset, and to project development beyond 2032, AreaSearch applies age cohort growth rates from the latest Greater Capital Region projections published by the ABS in 2023, which utilize 2022 data. Looking at ongoing demographic patterns, the population growth is projected to exceed the median for Australian statistical areas, with the region expected to grow by 1,459 persons by 2041 relative to the most recent annual ERP figures, representing a 15.3% overall increase over the 16 years.

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

In Floreat, development approvals average approximately 18 dwellings per year, with 91 homes approved during the last 5 financial years (from FY-21 to FY-25) and 21 recorded so far in FY-26. Given that 7.6 new residents have been added for each completed home over the last 5 financial years (from FY-21 to FY-25), supply remains significantly behind demand, a trend that typically intensifies buyer competition and drives upward pressure on prices, with new residences averaging a construction value of $853,000, illustrating that developers are prioritizing high-end, premium properties. Furthermore, commercial development approvals have reached $3.9 million this financial year, highlighting the overwhelmingly residential character of the suburb.

Compared to Greater Perth, construction activity in Floreat is notably subdued, tracking 61.0% below the regional per capita average. This restricted volume of new completions generally reinforces demand and sustains valuations for existing homes. This pace of development is also below the national average, reflecting the established status of the suburb and hinting at potential planning constraints. Furthermore, recent construction has consisted entirely of standalone homes, maintaining the suburban environment with its focus on detached residences that appeal to buyers looking for space. The area averages about 540 people for every dwelling approval, which is typical of an established community.

Demographic projections indicate that Floreat will add 1,456 residents by 2041, based on the most recent quarterly estimate from AreaSearch. If current building rates do not accelerate, residential supply is likely to fall short of population growth, which will probably heighten competition among buyers and support price appreciation.

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

An area's performance is heavily influenced by changes in local infrastructure, major developments, and urban planning decisions. AreaSearch has identified a total of 7 projects that are expected to affect the local area. Principal developments include the Pearson & Newry Streets Mixed-Use Precinct, the Floreat Forum Shopping Centre Redevelopment (Stage 2 Expansion), the Cambridge Forum Mixed-Use Development, and the Floreat Oval Precinct Redevelopment, with the following directory detailing those of greatest 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

The local workforce in Floreat is highly qualified, with a significant concentration of professionals, an unemployment rate of only 1.7%, and an estimated job growth rate of 1.9% over the past year. In March 2026, there were 5,257 employed residents, and the unemployment rate sat 2.5% below the 4.2% rate recorded for Greater Perth, while labor force participation was close to the Greater Perth average of 70.2%. Census figures indicate that a moderate 14.6% of residents worked from home, though this data may reflect the influence of Covid-19 restrictions.

Resident employment is heavily concentrated in health care & social assistance, professional & technical, and education & training. The suburb exhibits a clear specialization in professional & technical services, with its employment share double (2.0 times) the regional average. Conversely, construction accounts for only 6.3% of the local workforce, which is lower than the 9.3% average for Greater Perth. The heavily residential character of the suburb appears to offer few local employment positions, as demonstrated by comparing the count of the Census working population against the resident population.

Based on AreaSearch's evaluation of SALM and ABS statistics, during the 12 months ending March 2026, employment grew by 1.9% while the labor force expanded by 2.7%, resulting in a 0.8 percentage point increase in the unemployment rate. This contrasts with Greater Perth, which experienced a 2.0% rise in employment, a 2.5% increase in the labor force, and a 0.4 percentage point rise in unemployment. National employment projections released by Jobs and Skills Australia in May-25 offer additional context on future demand trends for Floreat. These five and ten-year projections have been applied to the local workforce structure to model potential growth. Although overall national employment is projected to grow by 6.6% over five years and 13.7% over ten years, the rate of change varies widely by sector. Applying these industry-level projections to the specific employment profile of Floreat yields an estimated local employment increase of 7.4% over five years and 15.1% over ten years, assuming a basic weighted extrapolation that does not account for localized demographic shifts.

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

The income level in the Floreat SA2 ranks within the highest percentile nationwide, according to the latest ATO statistics compiled by AreaSearch for financial year 2023. Among taxpayers in the Floreat SA2, the median income is $66,800 and the average income is $109,833, compared to $60,748 and $80,248 respectively in Greater Perth. Factoring in Wage Price Index growth of 10.93% since financial year 2023, current estimates correspond to approximately $74,101 for the median and $121,838 for the average as of March 2026. Census statistics show that household, family, and personal incomes in Floreat are all positioned high, ranging between the 91st and 99th percentiles nationally. The distribution of earnings shows that 45.9% of the population (4,364 individuals) earn in the $4000+ bracket, whereas the regional leader is the $1,500 - 2,999 range at 32.0%. This large proportion of high-income earners (57.1% above $3,000/week) demonstrates substantial financial capacity within Floreat. Residents retain 89.2% of their income after accounting for housing costs, indicating strong discretionary purchasing power, and the SEIFA index for income places the area in the 10th decile.

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

The mix of housing in Floreat at the time of the last Census consisted of 89.8% houses and 10.2% other types of dwellings, such as semi-detached homes, apartments, and alternative options, compared to the Perth metropolitan average of 77.8% houses and 22.1% other dwellings. Furthermore, home ownership in Floreat was significantly higher than the Perth metropolitan rate, standing at 46.3%, while the remaining properties were either held with a mortgage (41.1%) or rented (12.6%). The median monthly mortgage payment in the suburb was recorded at $3,250, which is well above the Perth metropolitan average of $1,907, and the median weekly rent was $600, compared to the metropolitan average of $350. On a national level, mortgage repayments in Floreat are notably higher than the Australian average of $1,863, and rents are also well above the national median of $375.

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

Family units constitute the vast majority of households at 83.5%, consisting of couples with children at 49.6%, couples without children at 25.7%, and single-parent homes at 7.5%. Non-family households account for the remaining 16.5%, with single-person households representing 14.7% and group housing making up 1.8% of the total. The median household size of 3.0 people exceeds 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

Academic achievement in Floreat is substantially higher than state and regional averages, with 57.5% of residents aged 15+ holding a university degree, compared to 27.9% in WA and 30.1% in Greater Perth. This high level of education positions the population well for employment in knowledge-based sectors. Bachelor degrees represent the most common qualification at 36.6%, followed by postgraduate degrees (15.4%) and graduate diplomas (5.5%). Vocational training is held by 17.8% of residents aged 15+, consisting of advanced diplomas (9.2%) and certificates (8.6%).

Enrollment in education is remarkably high, with 34.6% of residents currently participating in formal study. This student population includes 11.7% in primary school, 11.5% in secondary school, and 7.7% enrolled in higher education.

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

An analysis of public transit indicates there are 67 active bus stops operating in Floreat. These stops are served by 10 separate routes, which combine to support 1,486 passenger trips each week. Transport accessibility is classified as excellent, with residents living an average of 157 meters from the nearest stop. Due to the residential nature of the suburb, most working residents commute out of the area, and private vehicles remain the primary mode of travel at 81%, followed by buses at 10% and bicycles at 3%. Car ownership averages 1.8 vehicles per household, which is higher than the regional average. Around 14.6% of residents worked from home, according to the 2021 Census, which may have been influenced by COVID-19 conditions.

Service frequency averages 212 daily trips across the transit routes, representing about 22 weekly trips for each transport stop.

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

Health indicators show excellent results in Floreat, based on AreaSearch's evaluation of mortality data and the occurrence of chronic conditions, revealing a very low prevalence of standard health issues across all age groups, while the rate of private health insurance is exceptionally high at roughly 75% of the population (7,159 people). This is in contrast to the 59.0% recorded for Greater Perth and the national average of 55.7%.

The most prevalent health issues in the suburb were asthma and arthritis, affecting 6.3% and 5.9% of residents, respectively, while 76.5% of the population reported no chronic medical conditions compared to 71.9% in Greater Perth. The community has 19.5% of residents aged 65 and older (1,855 people), which is higher than the 16.1% average in Greater Perth. Senior citizens in the area show particularly strong health profiles, with national standings matching those of the broader local 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 presents higher than average levels of cultural diversity, with 12.7% of residents speaking a non-English language at home and 28.4% born outside Australia. Christianity is the primary religion, representing 50.3% of the Floreat population. The most distinct religious overrepresentation is seen in Judaism, which accounts for 0.2% of the local population compared to 0.3% across Greater Perth.

Regarding ancestry (the birth country of residents' parents), the three most common backgrounds in Floreat are English at 27.7% of the population, Australian at 24.3%, and Irish at 9.2%. There are also notable differences in the concentration of other ethnic backgrounds: South Australian ancestry accounts for 1.2% of Floreat (compared to 1.0% across the region), Croatian ancestry accounts for 1.2% (compared to 0.8% regionally), and Dutch ancestry stands at 1.8% (compared to 1.5% regionally).

Floreat's median age exceeds the national pattern

The median age of 42 years in Floreat is higher than the Greater Perth average of 37 and is also older than the national median of 38 years. Children aged 5 - 14 are highly represented at 15.9% compared to Greater Perth, while young adults in the 25 - 34 bracket are less common at 5.8%. Post-2021 Census figures show that the 15 to 24 age bracket has risen from 13.5% to 15.6% of the population, and the 65 to 74 group has increased from 8.9% to 10.5%. In contrast, the 45 to 54 cohort has decreased from 16.7% to 15.1%, and the 0 to 4 age group has fallen from 4.8% to 3.3%. Population projections for 2041 point to significant changes in Floreat's demographic composition. Leading this transition, the 75 to 84 cohort is projected to expand by 92% (552 people), increasing from 600 to 1,153. Significantly, residents aged 65 and over will account for 73% of all population growth, highlighting the aging profile of the community. Conversely, the 0 to 4 and 35 to 44 age cohorts are projected to contract.