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.
$850,000
Last sold
28 Apr 2026
0
Bedrooms
0
Bathrooms
0
Car spaces
1,295 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
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
$850,000
28 Apr 2026 · derived via latest_sale
Local land rate: recorded Land sales in Falcon (last 5 years) with land size have a median of $716/m² of land (n=10). 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
+6.3%
Median sale
Suburb $800,000
-0.24 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 1,295 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. No recorded off-street parking — often a discount versus the suburb median for the same beds.
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 1,295 m² — that is not official geometry.
Nearby development pipeline
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 Ray White MandurahDevelopers, investors and land bankers - this is the one you've been waiting for.
28 Olive Road offers a rare chance to secure a large 1,295sqm flat block with R60 zoning in a tightly held coastal location just minutes from the beach.
Opportunities of this scale and zoning are becoming increasingly scarce in Falcon. With strong demand for higher-density housing in the Mandurah region, this site presents immediate development upside and long-term capital growth potential.
Development Highlights
• R60 zoning - ideal for multi-dwelling development (STCA)
• Generous 1,295sqm (approx.) landholding
• Approx. 20.21m frontage ÃÆ'Ã'Ãâ€'- 64.37m depth
• Flat, cleared block - minimal site preparation required
• Efficient rectangular layout for optimal design yield
• Strong potential for villa/townhouse development
Strategic Location
• Minutes to Falcon Bay & coastline
• Close to Peel Estuary & lifestyle amenities
• Walking distance to shops, transport and services
• High-demand area with ongoing residential growth
• Proven sales activity supporting redevelopment
Why This Site Stands Out
ÃÆ'Ã'¢ÃÆ'…"" Large landholding rarely available in this location
ÃÆ'Ã'¢ÃÆ'…"" High-density zoning already in place - no rezoning required
ÃÆ'Ã'¢ÃÆ'…"" Flat block = reduced construction costs
ÃÆ'Ã'¢ÃÆ'…"" Strong resale and rental demand in the area
Act Fast
Sites with this size, zoning and location are tightly held and rarely come to market.
Whether you're looking to develop immediately or secure a strategic coastal asset, this property represents a compelling opportunity in a growth corridor.
Serious offers invited - contact us today for further details.
Listing description written by Simon Goodwin, Ray White Mandurah — reproduced as published, not verified by Districts.
Nearby 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.