Fraser Rise is a mid-sized suburb in Victoria within the Melton local government area (postcode 3336). With a population of 9,097, the suburb has a young professional demographic with a median age of 31. Households earn a median income of $118K per year, with an average household size of 3.2 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are Australian, Indian, English.
The median house price in Fraser Rise is $703,000, having dipped slightly 1.7% over the past year. The current median weekly rent is $470. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $2,076.
Fraser Rise is served by 1 school, including 1 secondary. The average ICSEA score is 1017, which is around the national average of 1,000. Public transport access includes 10 bus stops. The crime rate in the Melton LGA is moderate at 7,219 incidents per 100,000 population.
From an investment perspective, Fraser Rise offers a gross rental yield of 3.5%, rated as moderate yield. Property prices are near the state median ($703K/$875K). The price-to-income ratio of 5.9x is considered affordable. House prices have moved -1.7% year-on-year.
Fraser Rise is a mid-sized suburb in Victoria within the Melton local government area (postcode 3336). With a population of 9,097, the suburb has a young professional demographic with a median age of 31. Households earn a median income of $118K per year, with an average household size of 3.2 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are Australian, Indian, English.
The median house price in Fraser Rise is $703,000, having dipped slightly 1.7% over the past year. The current median weekly rent is $470. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $2,076.
Fraser Rise is served by 1 school, including 1 secondary. The average ICSEA score is 1017, which is around the national average of 1,000. Public transport access includes 10 bus stops. The crime rate in the Melton LGA is moderate at 7,219 incidents per 100,000 population.
From an investment perspective, Fraser Rise offers a gross rental yield of 3.5%, rated as moderate yield. Property prices are near the state median ($703K/$875K). The price-to-income ratio of 5.9x is considered affordable. House prices have moved -1.7% year-on-year.