FALCON MARKET SNAPSHOT – AUGUST 2025

Falcon’s property market eased in August, with fewer transactions and listings compared to recent months, but prices remained strong and rental conditions stayed competitive.

SALES

There were 11 residential sales recorded during the month, a drop from July and 26.7 percent lower than this time last year. The median house price rose slightly to $697,000, reflecting a 16.3 percent increase over the past year.

LISTINGS

Listings remained limited, with only 7 properties advertised for sale at the end of August. This is down more than 46 percent compared to last year, contributing to ongoing tight market conditions.

LAND

Just one land sale was recorded in August, with a median price of $290,000. Only one block was listed for
sale, reinforcing the low supply of vacant land in the suburb.

SALES TIME ON MARKET

Homes sold in a median of 44 days, which is slightly slower than in July but still 50 days faster than this time last year. The one land sale settled in 10 days, showing good buyer readiness.

RENTALS

The rental market remained active, with 9 leases signed across houses and units. The median rent increased to $592 per week, continuing an upward trend and representing 15 percent growth year on year.

RENTALS TIME ON MARKET

There were 9 rental properties listed at the end of August. Properties leased in a median of 27 days, slightly slower than the previous month but still suggesting strong tenant interest.