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Falcon

POSTAL CODE: WA, 6210
HOUSE

FALCON, 6210 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in WA have risen as a whole, pulling FALCON, 6210 values up and netting property investors a capital gain of 14.92% for the past year.

Investors saw the median home price rise to $751,000.

Profits due to an upward trend in home prices in the suburb averaged 19.93% per annum over a 3-year period.

FALCON now ranks at the 448th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in FALCON are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $555 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In FALCON, homes and units usually stay on listing for an average of 34.5 days.

In 2016, 217 properties were sold in FALCON during the past year, making it the 326th most active market in WA based on total real estate transactions.

Surburb overview

Nestled against the beautiful waters of Falcon Bay, this coastal suburb in the city of Mandurah, Western Australia, offers a relaxed beachside lifestyle, stunning natural attractions, and a vibrant dining and entertainment scene. Formerly known as Miami up until the name was changed in the late ‘60s, visitors can find a number of beloved Falcon spots that still bear the moniker, such as the Miami Bakehouse, which is known for its pastries and pies.

The property market in Falcon features a diverse range of housing options, including luxurious waterfront properties with frontage on Falcon Bay’s beachfront, modern apartments, and spacious family homes. You can find many of these on streets named after famous yachts, such as Panamuna Drive, Verona Crescent and Galatea Road. Indeed, the area is particularly attractive to boat enthusiasts, with water frontage available on both the east and west sides of this slender neighbourhood that, along with Halls Head and Wannanup, makes up the small Avocet Island that is delineated by estuaries in the north and south.

With its beautiful beaches, pristine waterways, and abundant recreational activities, Falcon is sought after by water sports enthusiasts young and old, from retirees to young families. And there are plenty of other amenities that prove attractive to buyers. The suburb is home to childcare facilities, numerous green spaces, and several sought-after eateries. Water views are an achievable dream in Falcon, but private development doesn’t take up all of the beachside real estates. Of the plentiful parks, the locale is home to numerous parks, many of which host walking paths with breathtaking views across the waterways.

This variety caters to a wide range of budgets and preferences, making Falcon an attractive choice. For wine enthusiasts, the area is also only 162 kilometres from the Margaret River region, an area popular with locals and tourists alike.

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