Melton South at a glance
14,419
People
$582,500
Median sale
$445/wk
Median rent
3.97%
Suburb gross yield
Median sale from 165 recorded sales (last 12 months) — a Districts calculation.
VIC › Melton South › Fraser St
$550,000
Last sold
25 Mar 2026
3
Bedrooms
1
Bathrooms
2
Car spaces
640 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$550,000
25 Mar 2026 · derived via latest_sale
Local land rate: recorded House sales in Melton South (last 5 years) with land size have a median of $1,015/m² of land (n=119). Districts calculation from recorded sales — not a valuation.
Melton South at a glance
14,419
People
$582,500
Median sale
$445/wk
Median rent
3.97%
Suburb gross yield
Median sale from 165 recorded sales (last 12 months) — a Districts calculation.
Vs Melton South
-5.6%
Median sale
Suburb $582,500
+0.24 pp
Gross yield
Suburb 3.97%
Suburb median $582,500 from 165 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $445/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownVictoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Melton South at a glance
14,419
People
$582,500
Median sale
$445/wk
Median rent
3.97%
Suburb gross yield
Median sale from 165 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ray White MeltonIn-Room Auction
Wednesday 25th March @ 6pm
Melton Entertainment Park
2 Ferris Road, Melton
Set on an impressive 649m² (approx.) allotment in a tightly held and well-connected pocket of Melton South, 1 Fraser Street presents a compelling opportunity for investors, renovators, builders and buyers seeking genuine long-term upside.
The existing home offers a traditional footprint comprising three generously proportioned bedrooms, a large lounge room, meals area, central bathroom, extra small in-wall toilet, and a spacious kitchen zone, providing flexibility for those considering a substantial renovation or reconfiguration. A separate laundry with external access, side access and a large garage further enhance the practicality of the site.
A standout feature of the property is the expansive backyard, complemented by a separate detached bungalow. This additional structure presents an exciting opportunity for buyers to explore renovation or conversion options, including the potential to create a self-contained one-bedroom, one-living space or granny flat (STCA) - an attractive proposition for extended families, dual-occupancy living or investors seeking future versatility.
One of the key advantages is the abundance of space on offer, ideal for buyers needing room for trailers, boats, jet skis or multiple vehicles - a lifestyle benefit that is becoming increasingly rare in newer developments.
The real value, however, lies in the land and positioning. With generous dimensions and a functional allotment layout, the property presents strong scope for future redevelopment or subdivision potential (STCA), making it a strategic acquisition for those looking to add value over time.
The location further strengthens the offering. Situated in an established residential area and within easy reach of transport, schooling, shopping and medical services, this address is underpinned by strong infrastructure and ongoing local demand.
With excellent connectivity to the Melton township and surrounding amenities, 1 Fraser Street offers space, flexibility and future opportunity in a location that continues to perform.
Nearby Points of Interest (Approximate Distances):
• Melton South Train Station - approx. 450m
• Woodgrove Shopping Centre - approx. 1.8km
• Melton South Primary School - approx. 650m
• Melton Secondary College - approx. 1.1k
• Melton Hospital - approx. 2.4km
• 1 Fraser St Melton South is going to auction on the 25th of March at 6pm. If you're interested in this property, you must register to participate. The auction will be held at the Melton Racecourse Events Centre both in-room and online. Address: 2 Ferris Rd, Melton VIC 3337
• To register, please copy and paste this url into a browser: https://portal.bidtracker.com.au/auctions/ba440c48-2c3e-4065-845d-8451ff7c72bb/register-bidder/
Photo ID Required for All Property Inspections
Please refer to the link below for the most recent Due Diligence Checklist:
https://bit.ly/RWDue_Diligence
Please refer to the link below for Ray White's Collection Notice:
https://bit.ly/RW_PrivacyNotice
DISCLAIMER: All dimensions are approximate. The details provided are for general information purposes only and do not constitute any representation by the vendor or real estate agent. This document has been prepared solely for marketing purposes. While every effort has been made to ensure the accuracy of the information, we do not accept responsibility for any errors. Prospective buyers should conduct their own inquiries to verify the information provided.
Listing description written by Dimitrios Kallitsis, Ray White Melton — reproduced as published, not verified by Districts.