Fraser Rise, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Fraser Rise
VICCensus 2021 · Population 9,095
Fraser Rise is a suburb characterized by a young and growing population, with a total of 9,095 residents and a median age of 31, which is younger than the Victorian median of 38. The community is predominantly composed of families, with 63.7% of households being couples with children, and an average household size of 3.2 people. The suburb has a high percentage of separate houses at 95.0%, indicating a preference for traditional housing. The cultural diversity is notable, with 54.7% of residents born in Australia and significant communities from India and the Philippines.
Key Highlights
- Young population - median age of 31 (vs VIC 38)
- High family presence - 63.7% couples with children
- Above average household income - $2,276 weekly (vs VIC $1,759)
- Predominantly separate houses - 95.0% (vs VIC 73.4%)
- High labour force participation - 74.5%
Things to Consider
- Lower work-from-home percentage than VIC average
- Limited public transport usage at 4.2%
- High reliance on car commuting
- Lower percentage of homes owned outright at 10.4%
- Potential for limited rental options with only 16.5% rented
What's it like living here?
Daily life in Fraser Rise is family-oriented, with a strong emphasis on home ownership, as 71.1% of homes are owned with a mortgage. Commuting is primarily car-based, with 55.5% of residents driving to work, while 23.0% work from home, slightly below the Victorian average. The suburb has a vibrant community feel, supported by a high labour force participation rate of 74.5% and a relatively low unemployment rate of 4.5%.