FALCON MARKET SNAPSHOT – JUNE 2025

Sales
Falcon recorded 208 residential sales over the past year, marking an 11% drop from the previous 12 months. Despite the dip in volume, the median house price has climbed to $685,000 — a strong 20.2% increase year-on-year. A growing portion of homes are reaching the upper end of the market, with 36% selling for $800,000 or more.

Land
Land sales remained subdued, with just 19 blocks sold across the year. The median land price settled at $245,000, slightly below last year’s figure. Most demand continues to focus on existing dwellings rather than vacant lots.

Listings
As of 30 June, there were 21 residential listings on the market — up 31% from a year ago but still well below pre-2020 levels. Homes are spending a median of 21 days on market, with 3-bedroom homes selling the quickest.

Rentals
Leasing activity eased slightly, with 101 properties leased over the year — 9% fewer than the year prior. The median weekly rent for houses edged up to $557, reflecting a 1.8% rise. Properties priced at $600 or more made up 29% of all leases.

Rentals Time on Market
Properties are renting out faster, with a median of 15 days to lease — 6 days quicker than last year. Falcon’s rental market remains competitive, especially in the $500–$650 per week range.