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Falcon is a southern suburb of Mandurah, located southwest of Mandurah’s central area and with frontage to the Indian Ocean. The suburb was named after Falcon Bay. Falcon was approved as a suburb name on 13 November 1967 and gazetted on 8 March 1968. Many of the streets in the adjoining estate were named after yachts;”Falcon” itself was the name of a yacht, the crew of which won a silver medal in the yacht races at the 1956 Melbourne Olympics.  One of four Mandurah suburbs that lie on an island-bound by the Mandurah Estuary to the north, the Peel-Harvey Estuary to the east, the Dawesville Channel to the south and the Indian Ocean to the west. It is also bisected by Old Coast Road, which connects Falcon to nearby Mandurah and Bunbury.

Falcon was formerly known as Miami, which is still used in the names of various buildings, including the multi-award winning Miami Bakehouse and Miami Plaza, which is home to a Woolworths supermarket and a large variety of fast food outlets.   Falcon, like neighbouring suburbs Wannanup and Dawesville, is serviced by Transperth routes 592 and 594. 592 runs six days a week through Falcon via Galatea and Yeedong Roads while 594 goes straight through the suburb via Old Coast Road, but runs 7 days a week. Services generally run every twenty minutes during peak hour with 592 and 594 alternating every ten minutes in terms of departing Mandurah Station, with some school specials deviating from this normal pattern.