Fraser Rise (postcode 3336) is a medium-sized suburb in Victoria within the Melton local government area. It is home to about 9,097 residents, with a predominantly early-career demographic and a median age of 31. Households earn a median income of $118K per year, with an average household size of 3.2 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +5.8% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, clerical & administrative, technicians & trades. Employment in the area leans toward healthcare and construction. The top ancestries reported are Australian, Indian, English.
Fraser Rise has a median house price of $674,000, which has moved lower by 4.1% year-on-year. The current median weekly rent is $480. This gives a gross rental yield of approximately 3.7%. 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.
On the investment side, Gross rental yield sits at around 3.7% (moderate yield). Property prices are near the state median ($674K/$875K). The price-to-income ratio of 5.7x is considered affordable. House prices have moved -4.1% year-on-year. Population growth of +5.8% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.