All About Falls Creek, Unincorporated Vic, VIC, 3699
Falls Creek, located in the Alpine region of Victoria, Australia, is primarily known as a popular winter ski destination. The housing market in Falls Creek is unique due to its seasonal nature, with a significant focus on hospitality and tourism-related properties. Most accommodations available in the area are geared towards short-term rental options, such as lodges, apartments, and chalets. While the demand for housing peaks during the winter months when tourists flock to the snowy slopes, the market tends to cool down in the off-season, leading to more competitive pricing for those interested in longer-term stays or investment opportunities. Real estate in Falls Creek is largely driven by its prime location amidst stunning alpine scenery, offering beautiful views and a peaceful, natural setting.
Living in Falls Creek provides a distinctive lifestyle, primarily shaped by its alpine environment. Residents and visitors can enjoy outdoor activities year-round, including skiing and snowboarding in the winter, and mountain biking, hiking, and fishing during the warmer months. The close-knit community and small-town charm offer a welcoming atmosphere, although amenities can be limited compared to larger towns and cities. However, the area’s natural beauty and access to outdoor adventures make it an attractive place for nature enthusiasts and those seeking a tranquil escape from urban life. Residents often appreciate the slower pace of life and the unique opportunity to live amidst some of Victoria’s most breathtaking landscapes.
Household Makeup
| Median Weekly Rent | $539.00 |
| Median Monthly Mortgage | $670.00 |
| Median Persons Per bed houseroom | 1.20 |
| Average Household Size | 2.00 |
| Average Age | 28.00 |
| Average Income | $916.00 |
| Average Cars Per Dwelling | 1.32 |
| Average Properties Within 50M | 29 |
| Typical 1 bed house | $795,000 |
| Typical 2 bed house | $1,057,000 |
| Typical 3 bed house | $949,000 |
| Typical 4 bed house | $1,057,000 |
| Typical 6 bed+ house | $1,057,000 |
Housing Stock
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Falls Creek Real Estate Market Outlook
Thinking about buying in Falls Creek? Now could not be a better time, with 599 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,054,000 with prices in this suburb ranging from $730,000 to $1,065,000. The aproximate distance to the coast is 121 Km.
Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Falls Creek due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Falls Creek changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Medium density in Falls Creek necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. With very low industrial sector presence in Falls Creek the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
Instant Property ValuationLocal Schools
Falls Creek Primary School
(While the above schools are located with the suburb of Falls Creek there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
Falls Creek weather - Average Local Climate by month
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 4.7 | 10.0 | 18.5 | 46.9 | 87.8 | 4.4 | 25.4 |
| Feb | 4.4 | 8.8 | 17.3 | 52.6 | 91.2 | 4.7 | 21.1 |
| Mar | 3.5 | 6.8 | 14.4 | 57.8 | 93.1 | 4.7 | 16.5 |
| Apr | 4 | 3.6 | 10.1 | 63.8 | 95.7 | 5.3 | 12.4 |
| May | 3.3 | 0.4 | 5.6 | 67.6 | 95.8 | 5.9 | 8.5 |
| Jun | 4.6 | -1.7 | 2.6 | 74.4 | 96.4 | 6.2 | 6.7 |
| Jul | 4.2 | -2.7 | 1.2 | 76.2 | 96.9 | 6.9 | 5.7 |
| Aug | 4.4 | -3.3 | 1.3 | 75.1 | 97.9 | 6.5 | 8.7 |
| Sept | 3.7 | -0.4 | 5.4 | 61.0 | 96.9 | 6.9 | 15.2 |
| Oct | 5.1 | 2.1 | 9.7 | 59.7 | 94.4 | 5.6 | 20.7 |
| Nov | 4.1 | 5.2 | 13.5 | 53.3 | 92.6 | 5.8 | 24.8 |
| Dec | 3.7 | 7.2 | 16.3 | 47 | 89.5 | 5.5 | 26.6 |
source: Australian Government Bureau of Meteorology
General Points of Interest
Ruined Castle - Less than 5 KM
Memorial Cairn - Less than 5 KM
Falls Creek Resort - Less than 5 KM
Nearby Suburbs
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