Falcon at a glance
6,472
People
$800,000
Median sale
$624/wk
Median rent
4.06%
Suburb gross yield
Median sale from 108 recorded sales (last 12 months) — a Districts calculation.
$885,000
Last sold
26 Mar 2026
4
Bedrooms
1
Bathrooms
6
Car spaces
930 m²
Land
65 m²
Building
Districts View
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$885,000
26 Mar 2026 · derived via latest_sale
Local land rate: recorded House sales in Falcon (last 5 years) with land size have a median of $1,071/m² of land (n=126). Districts calculation from recorded sales — not a valuation.
Falcon at a glance
6,472
People
$800,000
Median sale
$624/wk
Median rent
4.06%
Suburb gross yield
Median sale from 108 recorded sales (last 12 months) — a Districts calculation.
Vs Falcon
+10.6%
Median sale
Suburb $800,000
-0.39 pp
Gross yield
Suburb 4.06%
Suburb median $800,000 from 108 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
WAWA full cadastre is not free for commercial use. Lot optionality cannot be computed from official geometry. Listed land size is 930 m² — that is not official geometry. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded for this property.
Rental
No advertised rent is recorded. Suburb median rent $624/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded for this property. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownWA full cadastre is not free for commercial use. Lot optionality cannot be computed from official geometry. Listed land size is 930 m² — that is not official geometry.
Nearby development pipeline
UnknownNearby development applications are not loaded for this property.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Falcon at a glance
6,472
People
$800,000
Median sale
$624/wk
Median rent
4.06%
Suburb gross yield
Median sale from 108 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Harcourts MandurahSet in the heart of Falcon's highly sought-after Golden Triangle, 12 Thera Street is a much-loved generational beach shack offering an opportunity to secure a genuine slice of coastal nostalgia.
Just moments from Falcon Bay, this classic fibro and iron home has been the backdrop for decades of salty summer swims, relaxed Christmas holidays and long afternoons spent unwinding to the sound of the ocean.
It is an emotional sale for the current owners, who fondly recall childhood holidays filled with laughter, family barbecues on the decking and lazy moments swaying in the hammock as the sea breeze rolled through.
The home itself offers four spacious bedrooms, one bathroom and the convenience of two toilets, providing practical functionality for family living or holiday stays.
A step-down media room creates a cosy secondary living space, while the main living areas flow comfortably to the outdoor patio, making indoor-outdoor entertaining effortless.
Whether hosting friends for a summer barbecue or enjoying a quiet evening after a day at the beach, the layout embraces relaxed coastal living.
Comfort has been thoughtfully addressed with insulation and a ducted reverse-cycle air conditioning system, offering both cooling in summer and the added comfort of heating through the cooler months.
The sellers fondly remember winter evenings spent with a fire pit in the backyard, then coming inside to cosy up in warmth, making this home a true year-round retreat.
An electric storage hot water system services the home and the generous block further enhances the lifestyle appeal, offering side access with drive-through capability and ample room for boat or caravan parking.
A substantial 7m x 4m brick powered shed provides excellent workshop or storage space, complemented by a 3m x 3m garden shed and reticulation to keep the grounds maintained.
The welcoming front verandah is the perfect vantage point to enjoy your morning coffee or an evening drink as the sun sets.
Full of warmth, history and heart, this is a rare opportunity to secure a cherished holiday home in one of Falcon's most tightly held pockets.
Where else would you rather be?
Call Michael on 0417 927 159 or Christine on 0404 048 880 for further information.
NB: This home does contain some Asbestos and WIWO would be possible.
This information has been prepared to assist in the marketing of this property. While all care has been taken to ensure the information provided herein is correct, Harcourts Mandurah do not warrant or guarantee the accuracy of the information, or take responsibility for any inaccuracies. Accordingly, all interested parties should make their own enquiries to verify the information.
Listing description written by Christine Goodwin, Harcourts Mandurah — reproduced as published, not verified by Districts.