Ford Falcon 3rd Gen

The third-generation Australian Ford Falcon, produced from 1966 to 1972, marked a major turning point for the model. Marketed as “Mustang-bred,” the XR series of 1966 was the first Falcon to offer a V8 engine, the 289 Windsor. This generation established the Falcon's performance credentials with the introduction of the GT, a V8-powered sedan that quickly became a motorsport legend after winning the 1967 Gallaher 500 at Bathurst.

The series evolved through the XT, XW, and XY models, each adding more power and aggressive styling. Collectibility is centered on the V8-powered performance variants, especially the GT. The most sought-after cars are the homologation-special GTHO models built for racing. The XW GTHO Phase II and the XY GTHO Phase III, with its 351 Cleveland V8, are the holy grails of Australian muscle cars and command huge prices. Even standard V8 sedans and coupes are desirable for their classic styling and connection to this golden era.

The market for these Falcons is incredibly diverse. While 17 recent sales show an average price of $45,534, this figure is skewed by the large number of more common 6-cylinder and non-GT V8 models that trade hands. Rare GT and GTHO examples can sell for many multiples of that average, representing blue-chip assets in the Australian collector car world. Base models, wagons, and utes remain an accessible entry point into classic Falcon ownership.

Prices reflect the wide variety of models, ranging from $350 for project cars to $228,087 for pristine, high-performance examples.