2 Osprey Drive, Fraser Rise, VIC 3336 sold on 05 June 2025 | OnTheHouse
 
SOLD
Sold on 05 Jun 2025 for $7,300,000

2 Osprey Drive
Fraser Rise VIC 3336

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 4390m2
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Property Details for 2 Osprey Dr, Fraser Rise

Building Type
Commercial
Land Size
4390m2
Local Government
Melton
Lot/Plan
B/PS646733

Last Listing description (February 2022)

+ Trophy essential service asset with long 7.9 year WALE.
+ 94% of rent underpinned by Daily Needs and essential service tenants.
+ IGA Supermarket + 6 shops with 44 on title car park spaces.

+ Imposing 4,389 sqm island site with combined 268 metre* street frontage.
+ Constructed in 2020 offering substantial depreciation benefits.
+ Surrounded by important social infrastructure, including 7 schools within 3km servicing 7,170 full time students.*
+ Fraser Rise: Located within the City of Melton, Melbourne's Western Growth Corridor, population forecast to grow 253% by 2051.**
+ City of Melton: Population forecast to grow 131% to 448,053 by 2051.**
+ In the City of Melton, the value of building approvals has increased by 130% to $2.26 billion since 2019.***
+ 100% occupancy with a combined income of $361,404 with favourable rent reviews across the centre.

To be sold by Investment Portfolio Auction:
10:30 am (AEST) Wednesday 23 February 2022
River Room, Crown Casino, Melbourne


*GapMaps
**Forecast.id
***Economy.id

*All areas and figuresapproxonly. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.

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Property History for 2 Osprey Dr, Fraser Rise, VIC 3336

A timeline of how this property has performed in the market
Last Sold
$7,300,000
05 Jun 2025
Listed for Rent
$36k/w
28 Aug 2019
  • 05 Jun 2025
    Sold for $7,300,000
  • 23 Feb 2022
    Sold for $6,810,000
  • 27 Jan 2022
    Listed for Sale Price on Request
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About Fraser Rise 3336

The size of Fraser Rise is approximately 10.4 square kilometres. It has 9 parks covering nearly 1.2% of total area. The population of Fraser Rise in 2016 was 4324 people. By 2021 the population was 9097 showing a population growth of 110.4% in the area during that time. The predominant age group in Fraser Rise is 30-39 years. Households in Fraser Rise are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Fraser Rise work in a professional occupation.In 2021, 81.50% of the homes in Fraser Rise were owner-occupied compared with 85.50% in 2016.

Fraser Rise has 10,748 properties. Over the last 5 years, Houses in Fraser Rise have seen a 14.03% increase in median value, while Units have seen a 264.48% increase. As at 30 November 2025:

  • The median value for Houses in Fraser Rise is $753,747 while the median value for Units is $579,708.
  • Houses have a median rent of $520 while Units have a median rent of $480.
There are currently 140 properties listed for sale, and 42 properties listed for rent in Fraser rise on OnTheHouse. According to Cotality's data, 789 properties were sold in the past 12 months in Fraser rise.

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© Copyright 2025. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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