THE NEW MELBOURNE SUBURB THAT’S GOT BUYERS LINING UP
Previously known as Plumpton, Fraser Rise is one of the 11 new suburbs in the Melton growth area announced by the state government in 2017 to accommodate the region’s significant population growth. The entire region is known for its family-friendly environment that doesn’t compromise on size and convenience. Unlike inner-city Melbourne, here you’ll find spacious land blocks to suit four-bedroom plus homes among an area experiencing rapid rises in price, population and vibrancy across the board. The change in suburb boundary offers a unique advantage for purchasers, in that many believe the name change will have a similar effect to Cranbourne South when it was renamed to Botanic Ridge back in 2009.
Shortly after this new suburb was gazetted, property owners saw a quick surge in the value of their homes which proved highly lucrative for property owners, due to the new suburb creating an exclusive pocket among Melbourne’s outer south-east. While house and land first sold for under $450,000 when it was first released, houses in Botanic Ridge now regularly sell for over $1 million with a median house price of over $681,000, according to Realestate.com.au. With the City of Melton population predicted to grow 159 per cent by 2041, early purchasers in Fraser Rise are expected to reap these same financial rewards.
In neighbouring Caroline Springs, for example, the median house price has risen from $445,000 in 2014 to $570,000 in 2017 (according to Domain). Houses in the suburb now regularly sell above $1 million.
And now, in Fraser Rise, new communities such as ‘Aldo’ - a brand new premium address set among architecturally-designed surrounds – are set to capitalise on the same uptake as the area establishes and prospers over time. What distinguishes Aldo from nearby estates is its luxury offering. Every effort has been taken to create a superbly crafted, community-focused feel with beautifully landscaped streets and quality amenity for families to enjoy.
Located at the heart of the new Fraser Rise, Aldo will deliver over 700 lots on completion, framed by an expansive central park with planned barbecue facilities, sheltered seating, a children’s playground and large manicured lawns. A lush wetlands reserve that connects to the central park will provide neighbouring homes with an attractive outlook, whilst also promoting a healthy, active lifestyle via the inclusion of a jogging trail and proposed fitness stations. A non-government secondary school and extensive playing fields are all planned to join Aldo in the coming years, while just further afield, a brand new town centre will offer even more convenience for residents as the area grows.
The secluded, yet well-connected nature of Aldo makes it the perfect environment for family life. Surrounding the estate are several natural sites adding to the tranquillity of the wider area including Organ Pipes National Park. In addition to these suburb specific amenities, Watergardens Town Centre, Watervale Shopping Centre and Caroline Springs Square are all just a short drive away.
With all of this amenity planned for Fraser Rise in the coming years, plus with the upcoming launch of premium new communities such as Aldo which will play a significant role in the transformation of the new suburb into a prestigious address that will be the envy of the surrounding suburbs, purchasers would be well placed to snap up one of the early blocks in order to reap the rewards well into the future. Nearby in Taylors Lakes, prices have also increased steadily – up to $671,000 in 2017 from $495,000 in 2014.