Fraser Rise
A 2,315.8% population increase over 10 years marks Fraser Rise as one of Australia's fastest greenfield transformations, converting farmland into a suburb of now 24,739 residents (2025 ERP). Internal migration of 3,136 net per year is the engine, dwarfing overseas arrivals at 103, which means this growth is overwhelmingly domestic families relocating from established Melbourne suburbs. Household incomes at the 87.4th percentile ($2,276/week) and a 72.6% mortgage rate confirm the profile: young families stretching into new-build 4+ bedroom homes (67.5% of stock). The $700,000 median sits 4.8% below its 2023 peak of $735,500, suggesting the recent price correction has not deterred settlement.
Population
9,097
Median Age
31.0
Household IncomeiMedian weekly household income (ABS Census)
$2,276/wk
DAs (12 months)iDevelopment Applications lodged in the past year
39
Median House
$700K
Apr-Jun 2024
The $700,000 median house price is 4.8% below the mid-2023 peak of $735,500, offering a modest correction window. Over 14 years, prices rose from $455,000 (CAGR 3.1%). The stock is 95.2% detached houses with 67.5% having 4+ bedrooms and 31.1% three-bedroom, producing an almost entirely family-scaled housing offer. Monthly mortgage repayments of $2,076 yield a mortgage-to-income ratio of 21.1%, well below the 30% stress threshold and lower than most comparable growth-corridor suburbs in Melbourne's west. Only one secondary school serves the suburb (Springside West Secondary College, ICSEA 1,017, 1,677 students), meaning primary-school families will need to travel. Car dependency is extreme at 90.5%, the highest in this batch.
For Buyers
The $700,000 median house price is 4.8% below the mid-2023 peak of $735,500, offering a modest correction window. Over 14 years, prices rose from $455,000 (CAGR 3.1%). The stock is 95.2% detached houses with 67.5% having 4+ bedrooms and 31.1% three-bedroom, producing an almost entirely family-scaled housing offer. Monthly mortgage repayments of $2,076 yield a mortgage-to-income ratio of 21.1%, well below the 30% stress threshold and lower than most comparable growth-corridor suburbs in Melbourne's west. Only one secondary school serves the suburb (Springside West Secondary College, ICSEA 1,017, 1,677 students), meaning primary-school families will need to travel. Car dependency is extreme at 90.5%, the highest in this batch.
For Investors
Renters at just 16.8% are well below the national average, creating a thin tenant pool. Weekly rent of $431 against a $700,000 median gives gross yield around 3.2%, modest by growth-corridor standards. The 2.1% vacancy rate is exceptionally tight, the lowest in this batch, suggesting any available rental is quickly absorbed. Development activity at 39 DAs in 12 months reflects ongoing construction. Internal migration of 3,136 net per year provides enormous population-driven demand. Rent grew 85.7% over the decade, far above most established suburbs, driven by supply scarcity. Crime at 64.6 per 1,000 is moderate, with property offences (378) dominating. The suburb's high-growth trajectory (5.53% annual) underpins long-term capital potential.
Development Activity
Total DAs
77
Last 12 Months
39
YoY ChangeiYear-over-year change in DA lodgements
+160.0%
Avg DA CostiAverage estimated cost per DA in the past year
N/A
Monthly DA Lodgements
DA Categories
Schools in Fraser Rise iICSEA: school advantage index. 1000 = national avg, higher = more advantaged
Springside West Secondary College
7-12 · 1677 students
Demographics
The median age of 31 is 9 years below the national median, tied for the youngest in this batch. Overseas-born at 43.4% is 21.8 points above national. Indian ancestry leads at 1,093, followed by English (934), Filipino (776) and Italian (761), producing a multicultural but South Asian-weighted profile. Punjabi (423), Hindi (157) and Arabic (135) are the top non-English languages. Average household size of 3.2 is 0.7 above national, reflecting large family units. University qualifications at 42.4% sit 12.3 points above national. Christianity (4,730) leads religion, with Hinduism (778) and Islam (772) nearly equal. The SEIFA IER decile 9 (high economic resources) aligns with the high household income percentile.
Age Distribution
Bedrooms
Dwelling Structure
95.2%
Houses
4.8%
Townhouse
N/A
Apartment
Tenure
Mortgage holders at 72.6% overwhelmingly dominate, with outright owners at just 10.6% and renters at 16.8%. The 72.6% mortgage rate is among the highest in any Australian suburb, reflecting recently purchased new-build stock. The mix is 95.2% detached houses, 4.8% semi-detached, and no apartments. Studios/one-bedrooms are virtually absent (0.1%), while 67.5% of homes have 4+ bedrooms. The 14-year price series shows growth from $455,000 to $700,000 (CAGR 3.1%), with the peak at $735,500 in mid-2023. Affordability has improved from 55.4% in 2011 to 44.4% in 2021. Mortgage-to-income at 21.1% and rent-to-income at 18.9% are both well below stress thresholds.
Median House Price Trend
Source: State Valuer-General
Mortgage / mo
$2,076
Rent / wk
$431
HH Size
3.2
Personal Income / wk
$972
Vacancy Ratei% of dwellings unoccupied on Census night (ABS 2021)
2.1%
Unoccupied
60
Rent / IncomeiMedian rent as % of household income. Over 30% = housing stress
18.9%
Mortgage / IncomeiMedian mortgage as % of household income. Over 30% = housing stress
21.1%
Community Profile
Languages Spoken at Home
Ancestry
Household Composition
12.8%
Couples, no children
8,313
Total families
Economy & Employment
Healthcare leads at 17.5% (574 workers), followed by Construction at 12.1% (398), consistent with ongoing residential buildout. Education at 10.0% (329), Transport at 9.3% (305) and Professional/Tech at 7.4% (241) complete the top five. Professionals (991) lead occupations, with Clerical/Admin (756) and Community/Personal (499) following. Full-time employment at 70.3% is strong, and unemployment at 4.9% is below the national average. Participation at 69.5% is notably high, reflecting the working-age demographic skew. Only 1,412 residents are not in the labour force, one of the lowest shares in this batch. SEIFA readings are mid-high: IEO 7, IER 9, IRSD 7, IRSAD 7, indicating strong economic resources with moderate educational indicators.
Unemployment
6.5%
Labour Force
12,828
Unemployed
831
Quarterly Trend
Source: SALM Dec-25
Socio-Economic Indexes (SEIFA)iABS index ranking suburbs from 1 (most disadvantaged) to 10 (most advantaged)
Full-time
70.3%
Part-time
24.8%
Participation
69.5%
Employed
4,320
Occupations
Top Industries
University
42.4%
Postgraduate
9.8%
Born Overseas
43.4%
Dwellings
2,726
Transport to Work
Car dependency at 90.5% is the highest in this batch, with public transport at just 3.7% and walking/cycling at 0.3%. Springside West Secondary College (ICSEA 1,017, 1,677 students, government) is the only school, scoring marginally above the national benchmark. No primary schools are within the suburb boundary. The crime rate of 64.6 per 1,000 is moderate, with property offences at 378 (64.3%) and crimes against the person at 86 (14.6%). IRSAD decile 7 confirms above-average socio-economic conditions. Rent-to-income at 18.9% is comfortable. The 2.8% needing assistance rate is low. The key livability challenge is infrastructure lag: transport, schools and services have not kept pace with 2,315.8% population growth.
Drive
90.5%
Public Transport
3.7%
Walk / Cycle
0.3%
Work from Home
N/A
Population Forecast
+5.53%/yr
(+1,368 people/yr)
High GrowthPopulation growth at 5.53% per year (1,368 persons) is among the fastest in Victoria. The 10-year change of 2,315.8% reflects complete greenfield transformation. The ERP reached 24,739 in 2025, and medium forecasts project 27,508 by 2031. Internal migration at 3,136 net per year is extraordinary, with overseas migration adding only 103. The suburb is classified as 'Rejuvenating': the young share expanded by 12.0 points and the senior share contracted by 4.3 points. Real income growth of 88.3% over the decade reflects the incoming population earning far more than the original rural base. The gentrification score is 0, consistent with new development rather than displacement.
Historical + Forecast
Hamilton-Perry + Holt smoothing on ERP 2001-2025
Age Cohort Forecast
Primary Driver
Internal Migration
Net Overseas / yr
+103
Net Internal / yr
+3,136
Safety & Crime
Total Offences
588
Year ending June 2024
Rate per 1,000 People
64.6
Offence Categories
Source: Crime Statistics Agency Victoria / SA Police
National Ranking iPercentile rank among ~15,000 AU suburbs. 90% = higher than 90% of suburbs
How Fraser Rise compares to ~15,000 Australian suburbs
Frequently Asked Questions
Is Fraser Rise a good suburb to live in?
Fraser Rise suits families wanting new-build detached homes (95.2% houses, 67.5% with 4+ bedrooms) with a mortgage-to-income ratio of 21.1%. The IRSAD decile 7 is above average. Key concerns are extreme car dependency (90.5%), limited schools (1 secondary, no primary within boundaries), and infrastructure lag behind 2,315.8% population growth over 10 years.
What is the median house price in Fraser Rise?
The median is $700,000 (Apr-Jun 2024), down 4.8% from the mid-2023 peak of $735,500. Over 14 years, prices rose from $455,000 (CAGR 3.1%). Monthly mortgage repayments average $2,076 and weekly rent is $431. Gross rental yield sits around 3.2%.
What schools are in Fraser Rise?
Springside West Secondary College (government, ICSEA 1,017, 1,677 students) is the only school within the suburb. Its ICSEA sits marginally above the 1,000 national benchmark. No primary schools are within the suburb boundaries, requiring families with younger children to travel to neighbouring areas.
Is Fraser Rise safe?
The crime rate is 64.6 per 1,000 residents, with 588 total offences. Property and deception offences account for 378 (64.3%), followed by crimes against the person at 86 (14.6%). The IRSD decile 7 is above average. These figures are moderate for a Melbourne growth-corridor suburb.
Is Fraser Rise good for property investment?
The 2.1% vacancy rate is extremely tight, though the 16.8% renter share limits tenant pool depth. Gross yield around 3.2% is modest. Internal migration of 3,136 net per year provides extraordinary demand growth. Rent grew 85.7% over the decade, and 39 DAs in 12 months indicate ongoing supply. The 4.8% correction from peak may represent an entry opportunity.
How is Fraser Rise's population changing?
The population grew 2,315.8% over 10 years, reaching 24,739 in 2025, with 5.53% annual growth. Internal migration at 3,136 net per year is the dominant driver. The median age of 31 is 9 years below national. The young share expanded by 12.0 points and the senior share contracted by 4.3 points, reflecting a suburb in rapid rejuvenation.
How to read these comparisons
Phrases like "above the national average" reference the unweighted median across Australian suburbs with more than 1,000 residents, not population-weighted national figures. Suburb-level medians are more useful for ranking suburbs against each other; ABS census headlines are population-weighted (so dominated by Sydney and Melbourne) and can read very differently.
Current baseline (refreshed 2026-05-10): median age 40, university-educated 30.1%, born overseas 21.6%, average household size 2.5 people.
Data sources: ABS 2021 Census (demographics, income, tenure), state Valuer-General (house prices), Department of Jobs SALM (unemployment), ACARA (school ICSEA), state Crime Statistics agencies (offences), council DA portals (development applications). Population forecasts use a Hamilton-Perry cohort model calibrated to ABS ERP.
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