15 Verona Cres, Fraser Rise VIC 3336
15 Verona Cres, Fraser Rise VIC 3336
2021-built family house | hybrid flooring and landscaped surrounds | exposed aggregate driveway | 4–5 bed modern layout | school-catchment growth pocket
A 2021-built family house is offered in a well-kept segment of Fraser Rise. Hybrid flooring throughout, a fully landscaped garden, and an exposed aggregate driveway are features that place it above standard project-home presentation. It can be considered turn-key, suiting buyers who want a contemporary house without renovation risk. The layout is expected to run to four or five bedrooms with multiple living zones. It sits in a family-oriented growth corridor with parks, schools, and shops close by, and school zoning points to established government catchments. Best fit: a young family or first-home buyer wanting space to grow, or an investor after low-maintenance appeal.
Pricing may be influenced by the exact land and floor dimensions, so a title check is recommended. Overlay assessments may apply in parts of this estate, and this should be confirmed on the title. Finish specification matters, since higher-spec homes in this segment set the benchmark. The growth-suburb setting may temper upside, but the 2021 build and presentation hold appeal.
Detailed Independent Property Report prepared by PropCred Analyst team for 15 Verona Cres, Fraser Rise VIC 3336
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
2
Execution Risk
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Market Insight
Fraser Rise, in Melbourne’s growth corridor, is a family-dominated market: 33% under 18 and a median age of 20-39, with mortgaged owners at 69-83% driving demand for detached houses. Annual sales volume of 447-497 homes confirms buyer activity, yet median house prices span $690,000-$764,000 across sources, with most recent annual moves flat to negative, around -0.7% to -1.4%. Units are thin, with few sales and a -6.3% annual price change. Gross rental yields are modest at 3.82% for houses and 4.54% for units, underpinned by stable weekly rents near $500-520. Future growth rests on Calder Freeway access and possible transit upgrades, but heavy mortgage dependence leaves the market sensitive to rate shifts, while price variability and limited housing diversity signal affordability stretch.
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PropCred Estimated Value
Comparable Sales: 33 Verona Cres sold 2021 at $349,000; 1 Verona Cres land sold 2020 at $378,000 | Property Price Band: $1.0M–$1.1M | Value Drivers: modern presentation, landscaped garden, 2021 build quality
Bedrooms
4
Bathroom
2
Parking
2
Land
400m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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