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City of Melton

Fraser Rise

Fraser Rise Property Market
& Suburb Profile

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MEDIAN PRICES IN FRASER RISE

Median house price

(all agencies, last 12 months)$698k*

House price change

(all agencies, last 12 months)-0.99%

(Median House Price and Median Unit Price is calculated based on sales of properties with all numbers of bedrooms)

FRASER RISE price TRACKER

Houses0

Fraser Rise sales overview

  • Sold by Private Sale or Other Method 100%
  • (Based on Sales Reported in the Last 12 Months)

Average days on market (houses)

(all agencies, 12 months)47

Average held period in Fraser Rise

(proptrack)2 years

Fraser Rise Investor Statistics

Median rental price for Houses

(all agencies, last 12 months)$535pw

House rental price change

(all agencies, last 12 months)0.02%

Median rental price for Units

(all agencies, last 12 months)$504pw

Unit rental price change

(all agencies, last 12 months)0.02%

Average rental yield for Houses

(all agencies, last 12 months)4.1%

Average rental yield for Units

(all agencies, last 12 months)4.32%

Fraser Rise total population size

(as at the last census)9,097

Median household size in Fraser Rise

(as at the last census)3.2

(Median House Price and Median Unit Price is calculated based on leased properties with all numbers of bedrooms)

Fraser Rise property types

  • Houses 66%
  • Other 34%

OCCUPANCY in Fraser Rise

  • Owned 82%
  • Rented 16%
  • Other/Not Stated 2%
  • Singles 11%
  • Families 87%
  • Other 1%

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About Fraser Rise

Fraser Rise is a new and rapidly growing suburb located around 24 km northwest of Melbourne’s CBD, within the City of Melton. Officially gazetted in 2017, it was created from the former Plumpton area and has quickly become one of Melbourne’s fastest‑expanding growth corridors.

Demographics & Community

Fraser Rise has a young and diverse population, with projections indicating it could grow around 28,000 residents by 2028. The median age is in the early 30s, and households typically consist of young families with an average of just over three people per home.

The community is highly multicultural, with more than two‑thirds of residents having parents born overseas.

Housing & Property Trends

Fraser Rise is dominated by modern, detached houses built in recent years.

The suburb has experienced strong growth over the past five years, particularly in the townhouse and unit market, though annual price growth for houses has softened recently. Most homes are owned with a mortgage, reflecting its appeal to first‑home buyers and young families.

Lifestyle & Amenities

Fraser Rise offers a family‑friendly lifestyle with spacious new housing estates, landscaped parks, and growing local facilities. Residents benefit from easy access to nearby Caroline Springs for established shopping, dining, and community amenities.

While the area scores highly for health and overall livability, walkability and public transport use remain low. Most residents rely on cars for commuting, and the community has a distinctly suburban feel with quieter streets and open spaces.

Transport & Infrastructure

Fraser Rise is currently a car‑dependent suburb. Public transport is limited to a small number of bus services, and there is no train station within the suburb. The Calder Freeway and Melton Highway provide access to Melbourne and surrounding areas.

Infrastructure is gradually expanding, with ongoing plans for improved road networks and public transport to support the suburb’s rapid population growth.

Schools & Community Facilities

Families in Fraser Rise are served by schools such as Springside West Secondary College, which caters for Years 7 to 12 and has quickly grown to over 1,500 students. Childcare is available locally, though places are in high demand as the suburb continues to develop.

Strengths

Fraser Rise offers affordable and spacious modern housing in a family‑oriented environment. The suburb is experiencing strong demographic growth, with a culturally diverse and engaged community. Its proximity to Caroline Springs allows residents to enjoy more established retail and lifestyle amenities while living in a quieter, newer neighbourhood.

Considerations

Public transport options remain limited, with most residents relying on cars for commuting. Local services and community facilities are still catching up with demand, which is common in rapidly growing greenfield suburbs. Housing price growth has also moderated recently after strong increases in prior years.

Summary

Fraser Rise is a vibrant, evolving outer‑west suburb of Melbourne that appeals to young families seeking affordable housing and a modern lifestyle. While current public transport and local facilities are still developing, its strong community feel, spacious homes, and growth potential make it an attractive option for those looking to settle in a new and emerging area.

Disclaimer: The information provided in this suburb profile is intended as a general guide only. While we strive to ensure accuracy and currency, we make no guarantees regarding the completeness or reliability of the content. Users should conduct their own research and consult with relevant professionals before making property-related decisions. We do not accept any liability for loss or damage arising from reliance on this information.

Education

Springside West Secondary College
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Sales Comparison

Find out how Fraser Rise median sales prices compare to neighbouring suburbs.

Fraser Rise MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
2025418$349,000-0.99%677$520pw4.21%
2024369$350,000-2.10%559$516pw4.24%
2023253$657,000no change433$492pw4.00%
2022226$653,0005.93%280$444pw3.62%
2021180$633,7508.00%202$430pw3.58%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
2025418$349,000-0.99%
2024369$350,000-2.10%
2023253$657,000no change
2022226$653,000+5.93%
2021180$633,750+8.00%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
2025677$520pw4.21%
2024559$516pw4.24%
2023433$492pw4.00%
2022280$444pw3.62%
2021202$430pw3.58%

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*The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth).The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

This information is supplied by Barry Plant Group Pty Ltd (ABN 96 088 069 952) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298).

The 12 month data in this report is from 31 October 2024 to 31 October 2025, last updated 31 October 2025.