9 Caprise Road, Fraser Rise VIC 3336
9 Caprise Road, Fraser Rise VIC 3336
Sold Apr 2024 | Titled at sale | Fraser Rise new-growth pocket | Family-oriented stock | Compact-lot format likely
The property at 9 Caprise Road sits within Fraser Rise’s active new-housing market, an area defined by recent detached homes on small-to-medium lots. Given the suburb’s typical configuration, this house most likely presents as a standard four-bedroom, two-bathroom family home with a double garage, finished to contemporary builder-grade standards. That places it squarely in the mainstream of local demand, appealing strongest to owner-occupier families and first-home buyers seeking a low-maintenance, modern layout in a growth corridor. Its value lies in being predictable and practical, not unique, which means it should attract steady interest from buyers who prioritise function over character. The titled status at sale suggests clean legal standing, reducing transaction friction for the next purchaser.
The surrounding stock profile indicates compact lots and standardised builds dominate, so the property’s value may hinge on its exact land size, orientation, and internal condition rather than any standout architectural feature. If the block falls below the local norm, that might temper price growth compared to larger-lot neighbours. Conversely, a well-presented interior or a north-facing rear could support a slight premium. Buyers should weigh how the house compares on these practical points, as they will likely drive negotiation more than suburb-wide trends. Rental demand for similar family homes appears healthy, which may underpin investor interest and provide a floor under resale value.
|| Comparable Sales: 9 Climate Street sold around $695K–$715K; 9 Purple Road estimated rent $500/week | Property Price Band: $700K–$800K | Value Drivers: land size, presentation quality, layout efficiency
Detailed Independent Property Report prepared by PropCred Analyst team for 9 Caprise Road, Fraser Rise VIC 3336
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
Income Risk
Execution Risk
1
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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: 9 Climate Street sold around $695K–$715K; 9 Purple Road estimated rent $500/week | Property Price Band: $700K–$800K | Value Drivers: land size, presentation quality, layout efficiency
Bedrooms
4
Bathroom
2
Parking
5
Land
544m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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