Median priceⓘLast 12 months
509kk
Falls Creek, VIC 3699
Property data updated ·326 residents
Last 12 months snapshot
22 sales · 1 lease · Small sample · Refreshed July 2026
Falls Creek property market
Activity in Falls Creek is light, with 20 sales at around $829k as of July 2026, taking about 48 days to sell, less sought-after than most unit markets.
House sales come a distant second, with 2 sales at around $1.11M, taking about 149 days to sell. Then come 1 unit rentals at $947 a week.
Below-average incomeYoung-adultRenter-heavyTrades & blue-collarMostly apartmentsNewcomer-heavy
Who lives hereA below-average-income, renter-heavy, young-adult suburb — apartment-dominated and newcomer-heavy, with a strong trades and blue-collar workforce.
House covers houses, duplexes, semi-detached and terraces; Unit covers apartments, units, townhouses and villas.
Census · ABS 2021
Falls Creek demographics & population
Population
326
Median age
28yrs
Avg household
2.3people
Male · Female
54% · 46%
Owner-occupied
50%
Renting
50%
Lone person
50%
Couples, no kids
50%
Born overseas
50%
Year 12+ⓘ
50%
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing and Socio-Economic Indexes for Areas (SEIFA) 2021 · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
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Census · ABS 2021
Who lives in Falls Creek?
The age structure, household make-up, and cultural fabric of the people who call this suburb home.
Age & sex167 residentsMaleFemale
Share of all residents by 5-year band · hover a band for the count + split
Life stage
50%
50%
50%
50%
50%
50%
Children0–1450%Youth15–2450%Young adults25–3450%Midlife35–5450%Mature55–6450%Seniors65+50%
Household composition
50%
50%
50%
50%
50%
Lone person50%Couples, no kids50%Families with kids50%Other families50%Group / share50%
1.4 people / household0.6 persons / bedroom50% are 5+ person
Household sizepersons per dwelling
50%1
50%2
50%3
50%4
50%5
50%6+
Cultural make-upshare of residents · diversity = odds two differ
Born overseasⓘResidents born outside Australia, as a share of those who stated a birthplace.50%
Other language at homeⓘResidents who mainly speak a language other than English at home — counts the language used, not how well English is spoken.50%
Limited EnglishⓘResidents who speak English “not well” or “not at all”. A language-barrier measure, not bilingualism — many who speak another language at home still speak English well.50%
Both parents overseasⓘResidents whose mother and father were both born overseas — the Australian-born-to-migrants “second generation”, distinct from being born overseas yourself.50%
Australian citizensⓘResidents who are Australian citizens — both Australian-born and people who have since naturalised.50%
Birthplace diversity20%
Chance two random residents were born in different countries
Language diversity22%
Chance two random residents speak different languages at home
Religious diversity37%
Chance two random residents follow different religions
Where residents were borntop birthplaces
Afghanistan50%
Australia50%
Bangladesh50%
Bosnia & Herzegovina50%
Brazil50%
Cambodia50%
Canada50%
Chile50%
Languages at hometop languages
English only50%
Afrikaans50%
Arabic50%
Australian Indigenous50%
Cantonese50%
Mandarin50%
Other Chinese50%
Croatian50%
Ancestry% reporting · multi-response
Australian50%
Aboriginal/Torres Strait Islander50%
Chinese50%
Croatian50%
Dutch50%
English50%
Faith & belieftap Christianity
No religion50%
▸Christianity50%
Islam50%
Buddhism50%
Hinduism50%
Judaism50%
Other religions50%
Family originsparents’ birthplace
50%
50%
50%
Both parents overseas50%One parent overseas50%Both parents in Australia50%
A strongly multicultural community with deep migrant heritage.
When migrants arrivedshare of overseas-born
Before 198150%
1981-200050%
2001-201050%
2011-201550%
2016-202150%
2020–21 understated — COVID border closures.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Census · ABS 2021
Housing & affordability in Falls Creek
What it costs to live here, who owns versus rents, and the shape of the housing stock.
Affordability at a glance
LowMedianHighPercentile
Median weekly rentⓘMiddle weekly rent paid by renting households.Top 21%Median weekly rent · $369/wk — well above average: in the top 21%, higher rent than 79% of Aussie suburbs.
Median monthly mortgageⓘMiddle monthly mortgage repayment among households with a mortgage.Bottom 3%Median monthly mortgage · $437/mo — among the lowest: in the bottom 3%, lower mortgages than 97% of Aussie suburbs.
Rent stress (rent ÷ income)ⓘMedian weekly rent as a share of median weekly household income — a rough rental-affordability gauge. Higher = rent takes a bigger bite.Top 50%Rent stress · 50% — typical: right around the median for Aussie suburbs.
Mortgage stress (repay ÷ income)ⓘMedian mortgage repayment (converted to weekly) as a share of median weekly household income. Higher = repayments take a bigger bite.Top 50%Mortgage stress · 50% — typical: right around the median for Aussie suburbs.
High mortgage (≥$3k/mo)ⓘMortgaged households repaying $3,000 or more per month.Top 50%High mortgage · 50% — typical: right around the median for Aussie suburbs.
Social housingⓘHouseholds renting from a state housing authority or community housing provider.Top 50%Social housing · 50% — typical: right around the median for Aussie suburbs.
Unoccupied on census nightⓘDwellings recorded as unoccupied on Census night — holiday homes, between-tenant rentals, etc.Top 50%Unoccupied on census night · 50% — typical: right around the median for Aussie suburbs.
Large dwellings (4+ bed)ⓘOccupied dwellings with 4 or more bedrooms.Top 50%Large dwellings · 50% — typical: right around the median for Aussie suburbs.
This suburb Typical range (middle 50%) Median suburb
Bedrooms per dwellingshare of dwellings
50%0
50%1
50%2
50%3
50%4
50%5
50%6+
Who owns vs rentsoccupied dwellings
50%
50%
50%
50%
Owned outright50%Mortgage50%Renting50%Other50%
What’s built heredwelling types
50%
50%
50%
50%
House50%Townhouse50%Apartment50%Other50%
50% separate houses50% apartments50% high-rise
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Census · ABS 2021
Income & employment in Falls Creek
Incomes, employment, and the occupation mix of the people who live here.
Income & work at a glance
LowMedianHighPercentile
Median personal incomeⓘMiddle weekly income of individuals aged 15+.Top 32%Median personal income · $553/wk — above average: in the top 32%, higher personal income than 68% of Aussie suburbs.
Median family incomeⓘMiddle weekly income of families.Bottom 31%Median family income · $1,167/wk — below average: in the bottom 31%, lower family income than 69% of Aussie suburbs.
Managers & professionalsⓘEmployed residents who work as managers or professionals.Top 50%Managers & professionals · 50% — typical: right around the median for Aussie suburbs.
High earners (≥$2k/wk)ⓘResidents earning $2,000 or more per week.Top 50%High earners · 50% — typical: right around the median for Aussie suburbs.
This suburb Typical range (middle 50%) Median suburb
Occupations
LowMedianHighPercentile
Managers & professionalsⓘEmployed residents who work as managers or professionals.Top 50%Managers & professionals · 50% — typical: right around the median for Aussie suburbs.
Clerical & adminⓘEmployed residents in clerical and administrative jobs.Top 50%Clerical & admin · 50% — typical: right around the median for Aussie suburbs.
Community & personal serviceⓘEmployed residents in community and personal-service jobs — care, hospitality, security and similar.Top 50%Community & personal service · 50% — typical: right around the median for Aussie suburbs.
Sales workersⓘEmployed residents in sales jobs.Top 50%Sales workers · 50% — typical: right around the median for Aussie suburbs.
Technicians, trades & labourersⓘEmployed residents in technical/trade, machinery-operating and labouring jobs.Top 50%Technicians, trades & labourers · 50% — typical: right around the median for Aussie suburbs.
Household incomeheight = share of households · weekly
Personal incomeheight = share of residents 15+ · weekly
Household and personal income sit close together — lots of single-earner or lone-person homes.
Labour forceemployment status · residents 15+
50%
50%
50%
50%
50%
Employed full-time50%Employed part-time50%Employed (away/other)50%Unemployed50%Not in labour force50%
LowMedianHighPercentile
Full-time workersⓘResidents in the labour force who are employed full-time.Top 50%Full-time workers · 50% — typical: right around the median for Aussie suburbs.
Part-time workersⓘEmployed residents working part-time, of all employed.Top 50%Part-time workers · 50% — typical: right around the median for Aussie suburbs.
Unemployment rateⓘShare of the labour force (people working or actively looking) who are unemployed — not a share of all residents.Top 50%Unemployment rate · 50% — typical: right around the median for Aussie suburbs.
Not in labour forceⓘResidents 15+ neither working nor looking for work — retirees, students, carers.Top 50%Not in labour force · 50% — typical: right around the median for Aussie suburbs.
Labour-force participationⓘResidents 15+ who are in the labour force — working or looking for work.Top 50%Labour-force participation · 50% — typical: right around the median for Aussie suburbs.
This suburb Typical range (middle 50%) Median suburb
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Census · ABS 2021
Getting around Falls Creek
How people get to work, and how car-dependent the suburb is — the clearest tell of inner-urban versus outer-suburban living.
Transport at a glance
LowMedianHighPercentile
Public transport to workⓘCommuters who travelled to work by train, bus, ferry or tram, of those who travelled.Top 50%Public transport to work · 50% — typical: right around the median for Aussie suburbs.
Walked or cycled to workⓘCommuters who walked or cycled to work, of those who travelled.Top 50%Walked or cycled to work · 50% — typical: right around the median for Aussie suburbs.
Worked from homeⓘEmployed residents who worked from home in the Census week — elevated by COVID in 2021.Top 50%Worked from home · 50% — typical: right around the median for Aussie suburbs.
No motor vehicleⓘHouseholds with no motor vehicle.Top 50%No motor vehicle · 50% — typical: right around the median for Aussie suburbs.
Vehicles per dwellingⓘAverage number of motor vehicles per household.Bottom 1%Vehicles per dwelling · 0.70 — among the lowest: in the bottom 1%, fewer vehicles per home than 99% of Aussie suburbs.
This suburb Typical range (middle 50%) Median suburb
Journey to workamong commuters · top modes
Car (driver)50%
Car (passenger)50%
Train50%
Bus50%
Tram/light rail50%
Ferry50%
Walked50%
Vehicles per dwellingshare of households
50%0
50%1
50%2
50%3
50%4+
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Education · ACARA My School 2025
Schools in and around Falls Creek
1 school inside Falls Creek, plus the closest options around it. Families can choose from 1 primary school in Falls Creek and its surrounds — no high school sits within this radius. Distances are straight-line from the suburb centre and are not enrolment catchments — always confirm zones with the school.
Within Falls Creek1schools in the suburb itself
Primary schools1within 5 km · nearest in suburb
Secondary schools0within 5 km · nearest 9.3 km
Median ICSEA rank50thenrolment-weighted
What is ICSEA Rank?
ICSEA is ACARA’s official measure of a school’s socio-educational advantage — based mainly on parents’ education and occupation, plus the school’s location and student mix.
Nearby within1 school
- Within Falls Creek · 1Order by
- 1Falls Creek Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Within suburbState Rank—English—Maths—Students45Multilingual50%ICSEA Rank50th
Government
Why are some State Rank and star ratings blank? Schools can choose not to publish their results. In practice, schools that score well above their state average almost always publish theirs — so a blank rating more often reflects a school opting out than a top result being hidden. Academic results also tend to rise with ICSEA Rank, so higher-ICSEA schools more often carry a strong State Rank as well.
School profile and ICSEA data sourced from ACARA — © Australian Curriculum, Assessment and Reporting Authority (data year 2025) · State Rank & star columns are Micromarkets-compiled academic ratings from publicly available school results · Distances are straight-line from the suburb centre, not catchments.
Census · ABS 2021
Turnover
How settled or transient the community is — and where newcomers came from.
Settledness at a glance
LowMedianHighPercentile
Settled 5+ yearsⓘResidents living at the same address as five years ago — how settled the community is.Top 50%Settled 5+ years · 50% — typical: right around the median for Aussie suburbs.
Moved in past yearⓘResidents living at a different address one year earlier.Top 50%Moved in past year · 50% — typical: right around the median for Aussie suburbs.
Arrived from overseas (5 yr)ⓘResidents who arrived in Australia from overseas within the past five years.Top 50%Arrived from overseas · 50% — typical: right around the median for Aussie suburbs.
This suburb Typical range (middle 50%) Median suburb
Where residents lived 5 years agoof those who stated
50%
50%
50%
50%
Same address50%Moved within area50%From elsewhere in Australia50%From overseas50%
Residential paceshare of residents
Moved in the past yearⓘResidents living at a different address one year earlier.50%
Moved in the past 5 yearsⓘResidents not living at the same address as five years ago.50%
Arrived from overseas (5 yr)ⓘResidents who arrived in Australia from overseas within the past five years.50%
Property market
Market snapshot
Falls Creek median house price & rent
Headline price, rent, yield and time on market for Falls Creek — choose a property type and size below.
Active segment
Houses
Units
Days on marketⓘLast 12 months
81
↓ 2 days YoY
SoldⓘLast 12 months
6
↑ +50.0% YoY
Months of supplyⓘLast 12 months
7.3mo
Median rentⓘLast 12 months
$556/w
Days to leaseⓘLast 12 months
—
LeasedⓘLast 12 months
1
Gross yieldⓘLast 12 months
5.27%
Annualised
Data confidenceSales sample3ThinLease sample0Too thinThin samples can swing month-to-month — treat single-figure deltas with care.
Segment breakdown
House & unit prices by bedroom
Every segment this suburb tracks — sales and rentals side by side, ranked by total activity over the last twelve months.
Demand percentile 0–100 · last 12 months12-mo change
Sales
Rental
Demand
Segment
Sold
Price
DOM
Leased
Rent
DOM
Yield
SalesRent
01
Units · 1 bed3 sales · 0 leases
Sold6+0.5%
Price—
Sales DOM—
Leased—
Rent—
Rental DOM—
—
Sales—
Rent—
02
Units · 2 bed3 sales · 0 leases
Sold6▲+50.0%
Price—
Sales DOM—
Leased—
Rent—
Rental DOM—
—
Sales—
Rent—
03
Units · 3 bed3 sales · 0 leases
Sold6▲+50.0%
Price—
Sales DOM—
Leased—
Rent—
Rental DOM—
—
Sales—
Rent—
04
Houses · 2 bed3 sales · 0 leases
Sold—
Price—
Sales DOM—
Leased—
Rent—
Rental DOM—
—
Sales—
Rent—
05
Houses · 3 bed3 sales · 0 leases
Sold—
Price—
Sales DOM—
Leased—
Rent—
Rental DOM—
—
Sales—
Rent—
06
Houses · 4 bed3 sales · 0 leases
Sold—
Price—
Sales DOM—
Leased—
Rent—
Rental DOM—
—
Sales—
Rent—
All houses
Sold6
Price—
Sales DOM—
Leased—
Rent—
Rental DOM—
—
Sales—
Rent—
All units
Sold6▲+50.0%
Price—
Sales DOM—
Leased1
Rent—
Rental DOM—
—
Sales—
Rent—
Where each segment ranks
Falls Creek property growth
Where each segment sits against its peers in the chosen geography — past the midline means it's outperforming the rest.
Metric
Ranked against
Market demandHow fast this market is moving — a velocity index built from trailing-year transaction volume and median days on market. Strong volume lifts the score; days on market drags it down, with the drag growing sharply once listings start lingering. Ranked against peers in the chosen geography.
Houses
0/3above median
02550 · MEDIAN75100
Percentile vs VIC
Value
Units
1/1above median
02550 · MEDIAN75100
Percentile vs VIC
Value
The buy-versus-rent equation
Buying vs renting in Falls Creek
What it costs each week to own a property versus renting the same one — positive means buying carries the premium, negative means rent covers the mortgage.
Not enough overlapping sales and rental activity in Falls Creek to compute an ownership premium yet.
Market data
How strong is demand, and which way is it heading?
Two questions on one chart — how strong demand is right now, and which way it's heading year-on-year.
Side
View
Property
Bedrooms
Radius
Compared against
Sales market velocity
No nearby suburbs · 10km · Total unit · sales
risingfalling
DOM change YoYis demand rising or falling?
median
median
Recoveryweak but rising
Boomstrong and rising
Troughweak and falling
Peakstrong but easing
Falls Creek · this suburb
Demand index
9 / 100vs VIC
Days on market
81 days▲ +2 days YoY
Median price
$509k—
Sold (last year)
6▲ +50.0% YoY
weakSales market velocityhow strong sales demand isstrong
This suburb Neighbouring suburbs · coloured by market phaseHover a point for its figures
Market data
Falls Creek against the neighbourhood
Eight diagnostic views cutting the data a different way each time — Falls Creek in blue, peers in colour.
Pair
View
Property
Bedrooms
Radius
How fast — and is it getting faster?
2 peer suburbs · 10km · Total unit
fasterslower
DOM change YoYvs 12 months ago
median
median
Recoveringquiet but accelerating
Boomingbusy and accelerating
Stalledquiet and slowing further
Coolingbusy but slowing
Nearby suburb
Demand index
0 / 100vs Australia
Days on market
101 days—
Median price
—▲ +27.0% YoY
Sold (last year)
—▲ +107.0% YoY
Gross yield
4.00%
Nearby suburb
Demand index
0 / 100vs Australia
Days on market
99 days—
Median price
—▲ +39.0% YoY
Sold (last year)
—▲ +105.0% YoY
Gross yield
7.00%
Falls Creek · this suburb
Demand index
50 / 100vs Australia
Days on market
81 days▲ +2 days YoY
Median price
$509k▲ +35.0% YoY
Sold (last year)
6▲ +50.0% YoY
Gross yield
5.27%
slowDays on marketmedian days to sellfast
This suburb Neighbouring suburbs · coloured by market phaseHover a point for its figures
How much is available right now?
Housing supply & months of stock
How long current listings would take to clear at the recent rate of sales or leases. Critical shortage and Oversupply only fire at the genuine tails of the national distribution — sales tip in under 0.7 months, rentals far faster, under 0.3.
View
Sales market
| Segment | Band | Months of supply left | YoYYoY change12-month change in months of supply. Down means stock is tightening (fewer months than a year ago); up means stock is loosening. | ListedListedActive listings in this segment right now, derived from months of supply multiplied by the recent transaction rate. | SoldSold (last year)Total sold transactions completed in this segment over the last 12 months. | Per monthPer monthAverage monthly absorption — how many properties are sold each month in this segment, over the last 12 months. |
|---|
median
Rental market
| Segment | Band | Months of supply left | YoYYoY change12-month change in months of supply. Down means stock is tightening (fewer months than a year ago); up means stock is loosening. | ListedListedActive listings in this segment right now, derived from months of supply multiplied by the recent transaction rate. | LeasedLeased (last year)Total leased transactions completed in this segment over the last 12 months. | Per monthPer monthAverage monthly absorption — how many properties are leased each month in this segment, over the last 12 months. |
|---|
median
Severe
Very Tight
Tight
Balanced
Loose
Very Loose
Saturated
Under-suppliedOver-supplied
Market data
Who's transacting — buyers or tenants?
Out of every property transaction in this suburb, what share are sales versus leases — each point a rolling twelve-month window.
Property
Falls Creek — Units & Houses, all bedrooms
Jul 2021 – Jun 2026 · each point = a 12-month window
0%25%50%75%100%20222023202420252026
Sales · buyer transactions
Leases · tenant transactions
Five-year arc
Falls Creek median house price & rent history
Each tape traces one metric across sixty months for the selected segment — every point a trailing twelve-month figure, matching the headline KPIs above.
PropertyBedrooms
Median price
Insufficient data
Total sales (trailing year)
Jun 2026
1-50.0%
5y median 1vs last year 2
Days on market
Insufficient data
Median rent
No data
Total leases
No data
Days on market (rental)
No data
Gross yield (trailing year)
Mar 2026
3.00%+0.72 pt
5y median 2.28%vs last year 2.28%
Months of supply
Insufficient data
Months of supply (rental)
No data
Nearby markets
Suburbs near Falls Creek: prices compared
The nearest suburbs to Falls Creek, ranked by distance — each lined up against Falls Creek on the same measures, so the differences jump out at a glance.
Market
Property
Bedrooms
Radius
Colour by
This marketFalls CreekVIC 3699 · Units · Total
Price$509k
DOM81 days
Sold6
1 market within 5kmLast 12 months
Units · TotalSales market
Stat colourHow each suburb's stat compares to Falls Creek
Much lowerLowerSimilarHigherMuch higher
Similar markets
Suburbs like Falls Creek
Suburbs anywhere in VIC that behave like Falls Creek — matched on price, growth, selling speed and demand, not on distance. A shortlist of markets that move the same way — including ones far away you'd never think to compare. (Want the suburbs right next door instead? See Nearby markets above.)
Falls Creek vs Lorne: the closest sales-market match trades at a median of $666k against Falls Creek's $509k — about 31% higher, with homes selling in 26 days versus 81 days here.
Colour by
Property
Bedrooms
Market
This marketFalls CreekVIC 3699 · Units · Total
Price$509k
DOM81 days
Sold6
Most similar sales markets · within 139.0–178 kmLast 12 months
0102030405
LorneVIC 3232 · 178km · 41% match
Price$666k
DOM26 days
Sold17
TorquayVIC 3228 · 159km · 57% match
Price$646k
DOM39 days
Sold62
Chelsea HeightsVIC 3196 · 150km · 49% match
Price$540k
DOM16 days
Sold9
Safety BeachVIC 3936 · 139km · 36% match
Price$649k
DOM35 days
Sold27
McCraeVIC 3938 · 149km · 63% match
Price$596k
DOM35 days
Sold9
Stat colourHow each suburb's stat compares to Falls Creek
Much lowerLowerSimilarHigherMuch higher
Comparable sales markets to Falls Creek: Lorne market trends, Torquay house prices, Chelsea Heights median house price, Safety Beach property market and McCrae market trends.
Market data
Frequently asked · Falls Creek
18 data-driven answers about Falls Creek's property market — every one computed from the metrics above.
What things cost
Prices, rent, yield, ownership costWhat is the median house price in Falls Creek?
#The median house price in Falls Creek, VIC 3699 is $509k as of June 2026, based on 3 sales over the past 12 months. Prices vary by bedroom count, from compact two-bedroom homes to larger four-bedroom houses. See the bedroom-level breakdown below for 2-, 3- and 4-bedroom medians.
What is the median unit price in Falls Creek?
#The median unit price in Falls Creek, VIC 3699 is $509k as of June 2026, based on 3 sales over the past 12 months. Units currently trade at roughly 100% of the median house price.
What is the gross rental yield in Falls Creek?
#Gross rental yield in Falls Creek is 5.27% for units as of June 2026, compared with the VIC unit median of 4.08%. Gross yield is annual rent divided by purchase price — it doesn't account for ownership costs like council rates, strata, maintenance or vacancy.
How much is a 2 bedroom unit in Falls Creek?
#As of June 2026, Falls Creek medians by bedroom count:
| Property | 1 bed | 2 bed | 3 bed | 4 bed | Total |
|---|---|---|---|---|---|
| Units | $509k | $509k | $509k | — | $509k |
Figures cover only segments with enough recent transactions to be statistically meaningful; sparse segments are excluded.
How the market is moving
Speed, supply, growth, cycle phaseHow quickly do houses sell in Falls Creek?
#Houses in Falls Creek sell in a median 81 days on market as of June 2026, with units clearing slightly similarly at 81 days. Faster clearance typically coincides with stronger buyer demand and lower supply.
Is Falls Creek a tight or loose property market right now?
#Falls Creek's sales market sits at 2.7 months of supply for houses as of June 2026 — classified as Balanced against the Australian distribution. Under 1.7 months is Severe (extreme shortage); over 4.5 months is Loose.
How active is the rental market in Falls Creek?
#. Units sit at 1.8 months. Tighter supply typically corresponds to faster letting and upward pressure on rents.
How it compares
Vs state, vs nearby, vs popularHow does Falls Creek compare to other VIC suburbs?
#Falls Creek's median house price ($509k) is 2% below the VIC median ($517k) as of June 2026. On selling speed, houses clear in 81 days vs 23 days state median.
What's the most popular property type in Falls Creek?
#The most-transacted segment in Falls Creek over the 12 months to June 2026 is 1 bed units with 6 sales. 2 bed units come second at 6 sales. The buying-versus-renting section above breaks down the top segments with weekly mortgage, rent and ownership-cost detail.
How many properties were sold and leased in Falls Creek last year?
#Falls Creek recorded 6 house sales and 6 unit sales over the 12 months to June 2026 — a combined 12 transactions. On the rental side, 0 houses and 1 unit were leased. Segments with statistically thin samples are excluded from displayed figures.
About the area
Population, income, who lives here, schoolsWhat postcode is Falls Creek in?
#Falls Creek is in postcode 3699, in the North East region of VIC. Addresses there are written as Falls Creek, VIC 3699.
What is the population of Falls Creek?
#Falls Creek, VIC 3699 is home to 167 residents (ABS Census 2021). The median resident age is 22, and the average household holds 1.4 people. The "Who lives here" section above breaks the community down by age, life stage and tenure.
What is the median household income in Falls Creek?
#The median household in Falls Creek earns $678 per week — roughly $35k a year (ABS Census 2021). Median personal income runs $553/week. Income, rent-to-income and mortgage-to-income context sits in the "Who lives here" section above.
What is the unemployment rate in Falls Creek?
#The unemployment rate in Falls Creek is 50.0% (ABS Census 2021). That sits right around the median for Australian suburbs. The rate counts people who are working or actively looking for work — not a share of all residents. Workforce participation sits at 50%. The local economy section above covers incomes, employment status and the occupation mix.
Do people own or rent in Falls Creek?
#Falls Creek is mostly owner-occupied: about 100% of households are owner-occupiers and 50% rent (ABS Census 2021). Of owners, 50% own outright and 50% are paying off a mortgage.
What schools are near Falls Creek?
#Falls Creek has 6 schools within reach, 1 of them inside the suburb itself — including Falls Creek Primary School. The Schools section above maps each one with sector, year range, enrolment, Micromarkets-compiled academic ratings and ICSEA (ACARA).
Is Falls Creek a good place to live?
#Falls Creek, VIC 3699 has a population of 167, a median age of 22, a median household income around $678/week, 50% of households renting (ABS Census 2021). There are 6 schools within reach. Whether it's the right fit depends on your priorities — these figures describe the community, housing mix and amenity rather than offer a verdict.
About this data
Methodology and update cadenceWhen was this Falls Creek market data last updated?
#This Falls Creek market data was last updated July 2026, covering the 12 months to June 2026. Figures are computed monthly from 12-month rolling windows of recorded sales and leases, with five years of monthly history behind the trend charts. Methodology, glossary and data sources are linked in the footer.