Rye, VIC 3941
Compare Part of Mornington Peninsula
63.11 km
Distance from Melbourne CBD
12 k
Population
Auction Times
Sat 23 Nov | Auction Time | Agency | |
|---|---|---|---|
 | 20 Elgan Avenue 1 1 1 House | 12:00 PM Sat 23rd Nov | Prentice Real Estate |
| 20 Elgan Avenue 1 1 1 House | 12:00 PM Sat 23rd Nov | Prentice Real Estate |
Sat 30 Nov | Auction Time | Agency | |
|---|---|---|---|
 | 60 Preston Street 4 3 4 House | 11:00 AM Sat 30th Nov | YPA Estate Agents |
 | 3/21 Hygeia Street 2 1 1 Unit | 1:00 PM Sat 30th Nov | Prentice Real Estate |
Median Sale Price
House
-
Updated on Sep 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Sep 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $410,000 | 0.0% | $145,000 | $2,000,000 | 355 |
| 2010 | $465,000 | +11.8% | $75,000 | $2,000,000 | 421 |
| 2011 | $450,000 | -3.3% | $195,000 | $4,000,000 | 328 |
| 2012 | $425,000 | -5.9% | $262,000 | $1,925,000 | 379 |
| 2013 | $442,500 | +4.0% | $170,000 | $1,680,000 | 381 |
| 2014 | $480,000 | +7.8% | $81,000 | $2,125,000 | 449 |
| 2015 | $516,000 | +7.0% | $54,500 | $1,840,000 | 423 |
| 2016 | $570,000 | +9.5% | $205,000 | $1,950,000 | 378 |
| 2017 | $670,000 | +14.9% | $120,000 | $2,400,000 | 359 |
| 2018 | $731,000 | +8.3% | $265,000 | $1,825,000 | 296 |
| 2019 | $715,000 | -2.2% | $140,000 | $2,575,000 | 338 |
| 2020 | $820,000 | +12.8% | $130,000 | $2,850,000 | 338 |
| 2021 | $1,119,000 | +26.7% | $375,000 | $4,300,000 | 404 |
| 2022 | $1,200,000 | +6.8% | $615,000 | $5,850,000 | 293 |
| 2023 | $1,132,000 | -6.0% | $650,000 | $2,850,000 | 266 |
| 2024 | $1,030,000 | -9.9% | $545,000 | $2,650,000 | 252 |
Median Sale Price
$1.05M
Based on 272 recorded sales within the last 12 months
Updated on 21 Nov 2024
Suburb Growth
-8.1%
Current Median Price: $1,045,000
Previous Median Price: $1,130,000
Based on 545 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Oct 2024)
Price Range Segments (12 months ending Oct 2024)
Median Weekly Rent Price
House
-
Updated on Sep 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Sep 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | $300 | 0.0% | $160 | $550 | 192 |
| 2012 | $300 | 0.0% | $200 | $2,300 | 218 |
| 2013 | $320 | +6.3% | $220 | $2,400 | 301 |
| 2014 | $330 | +3.0% | $160 | $1,800 | 265 |
| 2015 | $340 | +2.9% | $220 | $3,500 | 278 |
| 2016 | $350 | +2.9% | $60 | $1,863 | 257 |
| 2017 | $370 | +5.4% | $250 | $2,080 | 217 |
| 2018 | $395 | +6.3% | $280 | $1,200 | 251 |
| 2019 | $420 | +6.0% | $220 | $865 | 260 |
| 2020 | $450 | +6.7% | $290 | $1,450,000 | 193 |
| 2021 | $550 | +18.2% | $310 | $900 | 108 |
| 2022 | $550 | 0.0% | $353 | $1,350 | 177 |
| 2023 | $570 | +3.5% | $380 | $2,390 | 243 |
| 2024 | $600 | +5.0% | $350 | $2,390 | 242 |
Median Rent Price
$599
per week
Based on 254 recorded rent within the last 12 months
Updated on 21 Nov 2024
Rent Price Growth
+5.7%
Current Median Rent: $599
Previous Median Rent: $565
Based on 500 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+3%
Current Median Price: $1,045,000
Current Median rent: $599
Based on 526 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Oct 2024)
Auction Results For Rye
Houses sold in Last 12 months ends 16 Nov 2024
$850K
Median Sale Price
40%
Clearance Rate
10/25
Sold/Reported
$1.83M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $1.8 M - $2 M | 1 | |
| $1 M - $1.2 M | 1 | |
| $800 K - $1 M (Median Price Range) | 3 | |
| $600 K - $800 K | 3 | |
| less than $400 K | 1 | |
Similar Suburbs to Rye 3941
Based on median house sale price sold in last 12 months
Schools closest to Rye, VIC 3941
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| Rye Primary School | LYONS STRye 3941 | Primary | Government | 0.33 km |