Fraser Rise at a glance
16,796
People
$675,000
Median sale
$570/wk
Median rent
4.39%
Suburb gross yield
Median sale from 188 recorded sales (last 12 months) — a Districts calculation.
VIC › Fraser Rise › Caro Way
$710,000
Last sold
18 Aug 2026
4
Bedrooms
2
Bathrooms
2
Car spaces
450 m²
Land
Districts View
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
$710,000
18 Aug 2026 · derived via latest_sale
Local land rate: recorded House sales in Fraser Rise (last 5 years) with land size have a median of $2,053/m² of land (n=96). Districts calculation from recorded sales — not a valuation.
Fraser Rise at a glance
16,796
People
$675,000
Median sale
$570/wk
Median rent
4.39%
Suburb gross yield
Median sale from 188 recorded sales (last 12 months) — a Districts calculation.
Vs Fraser Rise
+5.2%
Median sale
Suburb $675,000
-0.22 pp
Gross yield
Suburb 4.39%
Suburb median $675,000 from 188 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
ZN
Zone
URBAN GROWTH ZONE - SCHEDULE 1
UGZ1
Jurisdiction
Melton
Melton, VIC
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
VICZoned URBAN GROWTH ZONE - SCHEDULE 1 · UGZ1 (ZN). Official parcel area about 450 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate. Zoning and lot facts are a starting point, not proof this lot outperforms the suburb. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Minimum lot size is not loaded, so two-lot subdivision is not confirmed. The listing may look cheap relative to land or the street. What reduces it: DEVELOPMENT CONTRIBUTIONS PLAN OVERLAY - SCHEDULE 1. This overlay can reduce what the land size appears to promise. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $570/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.
3 of 10 questions answered so far
Development optionality of this lot
KnownmediumZoned URBAN GROWTH ZONE - SCHEDULE 1 · UGZ1 (ZN). Official parcel area about 450 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.
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?
KnownlowThe listing may look cheap relative to land or the street. What reduces it: DEVELOPMENT CONTRIBUTIONS PLAN OVERLAY - SCHEDULE 1. This overlay can reduce what the land size appears to promise.
Lot-level flood
UnknownFlood overlay has not been queried for this lot. 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
UnknownNo DA adapter returned applications 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
Fraser Rise at a glance
16,796
People
$675,000
Median sale
$570/wk
Median rent
4.39%
Suburb gross yield
Median sale from 188 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Greystone Real EstateWelcome to 10 Caro Way, Fraser Rise, where sophisticated family living meets modern convenience in this stunning four-bedroom, two-bathroom solid brick residence. Positioned within the highly regarded school zones of Springside Secondary, Aspire Childcare, and Southern Cross Grammar, this exceptional home offers families the educational opportunities they deserve. With an impressive array of local amenities including George Cross Football Club, the popular Georgies On Vista Bistro, and multiple shopping destinations such as City Vista Shopping Centre with Bella Vista Cafe and IGA, Taylors Village Shopping Centre, CS Square Shopping Centre, and Watervale Shopping Centre all nearby, every convenience is within easy reach. Just 35 kilometres from the Melbourne CBD, this residence perfectly balances suburban tranquility with metropolitan accessibility.
The elegant brick facade creates striking street presence with its wide frontage and exceptional curb appeal, welcoming you into a thoughtfully designed family sanctuary. The spacious master bedroom serves as a private retreat, featuring generous walk-in robes and a private ensuite that provides the perfect escape at the end of each day. The three additional well-proportioned bedrooms are equipped with built-in robes and serviced by a stylish central bathroom complete with bath, shower, and separate toilet, ensuring every family member enjoys comfort and convenience. The sophisticated tiled flooring throughout creates a seamless flow and offers both elegance and practicality for busy family life.
At the heart of this home lies a spectacular open-plan kitchen, living, and dining space that effortlessly brings the family together. The impressive kitchen features stunning stone bench tops, quality gas cooking appliances, and a large pantry that makes meal preparation a breeze, creating the perfect hub for daily family life and casual entertaining. Year-round comfort is assured with ducted central heating throughout and split system cooling, ensuring the entire family remains comfortable regardless of the season. The elegant tiled flooring extends throughout, providing a cohesive and low-maintenance foundation that allows you to focus on what truly matters - creating memories with loved ones.
This is where lifestyle truly comes alive, with the generous open-plan living and dining area flowing seamlessly to the spacious undercover alfresco, creating an entertainer's dream. The thoughtfully designed outdoor space extends to a good-sized, low-maintenance backyard that offers ample room for children to play, family gatherings, or even a beloved family pet to roam freely. The double garage provides secure parking and additional storage, while the combination of indoor and outdoor spaces creates endless possibilities for family enjoyment throughout the year. Whether hosting weekend barbecues or enjoying quiet family evenings, this home adapts effortlessly to your lifestyle needs.
This exceptional property represents a rare opportunity to secure a beautifully appointed family home in one of Fraser Rise's most desirable locations. With its spacious open-plan design, impressive outdoor entertaining area, striking street presence, and proximity to premier schools and amenities, 10 Caro Way available with vacant possession. For your private inspection and to discover everything this magnificent residence has to offer, contact Fareed Sherzad and Jay McIntyre at Greystone Real Estate today.
A photo ID is a must for all inspections.
DISCLAIMER: All stated dimensions/areas are approximate only. All information is general only and does not constitute any representation on the part of the vendor or agent.
Please see the below link for an up-to-date copy of the Due Diligence Checklist:
http://www.consumer.vic.gov.au/duediligencechecklist
Listing description written by Fareed Sherzad, Greystone Real Estate — reproduced as published, not verified by Districts.