Median priceⓘLast 12 months
801kk
Activity in Falls Creek is light, with 19 sales at around $801K, taking about 48 days to sell, less sought-after than most unit markets.
Unit rentals come a distant second, with 1 leases at $957 a week.
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 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.
The age structure, household make-up, and cultural fabric of the people who call this suburb home.
Share of all residents by 5-year band · hover a band for the count + split
9.8% report Irish ancestry, but only 0.0% were born in Ireland — the gap is the Australian-born and diaspora Irish community, invisible in birthplace alone.
A fast-growing, recent-arrival migrant gateway.
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.
What it costs to live here, who owns versus rents, and the shape of the housing stock.
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.
Incomes, employment, and the occupation mix of the people who live here.
A typical household earns about 1.4× the typical individual here.
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.
How people get to work, and how car-dependent the suburb is — the clearest tell of inner-urban versus outer-suburban living.
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
1 school inside Falls Creek, plus the closest options around it. Distances are straight-line from the suburb centre and are not enrolment catchments — always confirm zones with the school.
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.
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.
How settled or transient the community is — and where newcomers came from.
Headline price, rent, yield and time on market for Falls Creek — choose a property type and size below.
Every segment this suburb tracks — sales and rentals side by side, ranked by total activity over the last twelve months.
Where each segment sits against its peers in the chosen geography — past the midline means it's outperforming the rest.
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.
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.
Two questions on one chart — how strong demand is right now, and which way it's heading year-on-year.
Eight diagnostic views cutting the data a different way each time — Falls Creek in blue, peers in colour.
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.
Out of every property transaction in this suburb, what share are sales versus leases — each point a rolling twelve-month window.
Each tape traces one metric across sixty months for the selected segment — every point a trailing twelve-month figure, matching the headline KPIs above.
Every market within reach of Falls Creek, ranked by distance — each compared against this suburb's Units · Total segment so divergence reads at a glance.
VIC markets whose Units · Total segment behaves most like Falls Creek's on the buy side — ranked by a like-for-like blend of price, yield, days on market, ownership cost and cycle phase.
Comparable sales markets to Falls Creek include Lorne (VIC 3232), McCrae (VIC 3938), Bellfield (VIC 3081), West Melbourne (VIC 3003), Chelsea Heights (VIC 3196), Burwood East (VIC 3151), East Melbourne (VIC 3002) and Moorabbin (VIC 3189). Each link opens that suburb's full market report.
12 data-driven answers about Falls Creek's property market — every one computed from the metrics above.
The median unit price in Falls Creek, VIC 3699 is $801k as of June 2026, based on 19 sales over the past 12 months.
Gross rental yield in Falls Creek is 6.10% for units as of June 2026, compared with the VIC unit median of 5.12%. Gross yield is annual rent divided by purchase price — it doesn't account for ownership costs like council rates, strata, maintenance or vacancy.
As of June 2026, Falls Creek medians by bedroom count:
| Property | 1 bed | 2 bed | 3 bed | 4 bed | Total |
|---|---|---|---|---|---|
| Units | $398k | $524k | $1.1M | — | $801k |
Figures cover only segments with enough recent transactions to be statistically meaningful; sparse segments are excluded.
. Units sit at 36.0 months. Tighter supply typically corresponds to faster letting and upward pressure on rents.
The most-transacted segment in Falls Creek over the 12 months to June 2026 is 3 bed units with 10 sales. 2 bed units come second at 7 sales. The 'Most popular' panel above breaks down the top segments with weekly mortgage, rent and ownership-cost detail.
Falls Creek recorded 0 house sales and 19 unit sales over the 12 months to June 2026 — a combined 19 transactions. On the rental side, 0 houses and 1 units were leased. Segments with statistically thin samples are excluded from displayed figures.
Falls Creek, VIC 3699 is home to 326 residents (ABS Census 2021). The median resident age is 28, and the average household holds 2.3 people. The "Who lives here" section above breaks the community down by age, life stage and tenure.
The median household in Falls Creek earns $1k per week — roughly $68k a year (ABS Census 2021). Median personal income runs $918/week. Income, rent-to-income and mortgage-to-income context sits in the "Who lives here" section above.
Falls Creek is mostly owner-occupied: about 59% of households are owner-occupiers and 48% rent (ABS Census 2021). Of owners, 44% own outright and 15% are paying off a mortgage.
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).
Falls Creek, VIC 3699 has a population of 326, a median age of 28, a median household income around $1k/week, 48% 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.
This Falls Creek market data was last updated 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.
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