Buyers agent for Fraser Rise VIC3336

Twenty-four kilometres northwest of Melbourne's CBD sits Fraser Rise, gazetted in February 2017 as one of eleven new suburbs proposed by City of Melton. Created from former Plumpton area, the suburb quickly became one of Melbourne's fastest-expanding growth corridors. Population exploded from 4,324 in 2016 to 9,097 by 2021, representing 110 percent growth, with projections indicating potential 28,000 residents by 2028 and 42,730 by 2051. Spanning 10.4 square kilometres with 9 parks covering 1.2 percent of total area, Fraser Rise features modern detached houses built in recent years on spacious blocks creating family-oriented environment.

The young diverse population shows median age in early 30s with 30-39 age group predominant and couples with children forming majority household type. Highly multicultural community includes more than two-thirds of residents having parents born overseas. Professional occupations dominate with average wage around $95,000 annually and median household income $2,310 weekly. Owner-occupation reached 81.5 percent by 2021, down from 85.5 percent in 2016, suggesting increased investor activity. Residents describe prime location with nice modern homes, some with classic style charm, creating big potential for family homes in affordable suburb.

Daily life centres around developing local amenities including repair shops, bakeries, pharmacy, clothing stores, and supermarkets within suburb. Proximity to Caroline Springs, Taylors Hill, and Taylors Lakes provides access to established retail and lifestyle amenities. Nearby shopping includes Watervale Shopping Centre, Caroline Springs Square Shopping Centre, and Cairnlea Town Centre offering fashion retailers, cafes, supermarkets, and fast food. Walking tracks, schools, and playgrounds sit close by with quiet streets and open green spaces. Caroline Springs lake walks and restaurants accessible within minutes. Springside West Secondary College serves Years 7-12 and has quickly grown to over 1,500 students. New government primary school projected to open in 2026.

Transport remains car-dependent with Melton Highway and Western Freeway providing main access. Single bus route 461 connects Watergardens station to Caroline Springs via Fraser Rise. Train stations at Watergardens, Keilor Plains, or Caroline Springs require 10-15 minute drive with 45-minute journey to Melbourne CBD. Calder Freeway access takes roughly 50 minutes to CBD by car. Melbourne Airport sits just 20 minutes away.

Investment perspective shows median house prices around $692,750 with yields nearly 4 percent. Market experienced recent softening after strong prior growth, with negative 1.74 percent annual capital growth. Properties spend 54 days on market with low clearance rate suggesting weak selling conditions. High building approvals ratio warns of potential oversupply. Owner-occupation rates and family focus create steady rental demand though vacancy rates elevated. Average wage aligns well with housing costs offering good balance between affordability and lifestyle.

What defines Fraser Rise is rapidly evolving outer-west suburb appealing to young families seeking affordable housing and modern lifestyle. Residents appreciate spacious homes, strong community feel, and proximity to established suburbs providing amenities while living in quieter newer neighbourhood. The prosperous location brings open spaces and upcoming property opportunities away from populated city life, accepting limited current public transport and local facilities still catching up with demand as rapid development continues transforming former farmland into family-focused community.

The information provided is for general information purposes only and does not constitute legal, financial, or professional advice. While care has been taken to ensure accuracy, the information may not be complete, current, or applicable to your specific situation. You should always do your own research and, where appropriate, seek advice from a qualified professional before making any decisions based on this information.