Rye, VIC 3941
Compare Part of Mornington Peninsula
63.11 km
Distance from Melbourne CBD
12 k
Population
Median Sale Price
House
-
Updated on Oct 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Oct 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 | 339 |
| 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 | $1,043,000 | -8.5% | $545,000 | $3,250,000 | 292 |
Median Sale Price
$1.05M
Based on 294 recorded sales within the last 12 months
Updated on 24 Dec 2024
Suburb Growth
-8.1%
Current Median Price: $1,045,000
Previous Median Price: $1,130,000
Based on 559 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Nov 2024)
Price Range Segments (12 months ending Nov 2024)
Median Weekly Rent Price
House
-
Updated on Oct 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Oct 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 | $599 | +4.8% | $350 | $2,390 | 255 |
Median Rent Price
$600
per week
Based on 257 recorded rent within the last 12 months
Updated on 24 Dec 2024
Rent Price Growth
+5.0%
Current Median Rent: $600
Previous Median Rent: $570
Based on 501 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: $600
Based on 551 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Nov 2024)
Auction Results For Rye
Houses sold in Last 12 months ends 21 Dec 2024
$906K
Median Sale Price
41%
Clearance Rate
11/27
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) | 4 | |
| $600 K - $800 K | 2 | |
| 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 |