Rye, VIC 3941

Rye, VIC 3941

Compare Part of Mornington Peninsula

63.11 km
Distance from CBD
12 k
Population

Auction Times

Sat 27 Apr
 Auction Time Agency
9 Pardoner Road
3 1 2 House
11:00 AM
Sat 27th Apr		 Hocking Stuart
Sat 4 May
 Auction Time Agency
76 Dundas Street
4 2 2 House
10:00 AM
Sat 4th May		 Stockdale & Leggo
Boatshed 37 Tyrone Foreshore
1 1 0 Other
12:00 PM
Sat 4th May		 Stockdale & Leggo
Median Sale Price
House
-
Updated on Feb 2024
2 BR
-
3 BR
-
4 BR
-
Unit
-
Updated on Feb 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
$1,060,000
 -6.8% $590,000 $1,970,000 85
Median Sale Price
$1.09M
Based on 271 recorded sales within the last 12 months
Updated on 26 Apr 2024
Suburb Growth
-5.3%
Current Median Price: $1,092,000
Previous Median Price: $1,150,000
Based on 516 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Mar 2024)
Price Range Segments (12 months ending Mar 2024)
Median Weekly Rent Price
House
-
Updated on Feb 2024
2 BR
-
3 BR
-
4 BR
-
Unit
-
Updated on Feb 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 $1,300 177
2023
$570
 +3.5% $380 $2,390 242
2024
$600
 +5.0% $390 $2,390 75
Median Rent Price
$580
per week
Based on 223 recorded rent within the last 12 months
Updated on 26 Apr 2024
Rent Price Growth
+3.4%
Current Median Rent: $580
Previous Median Rent: $560
Based on 444 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+2.8%
Current Median Price: $1,092,000
Current Median rent: $580
Based on 494 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Mar 2024)

Auction Results For Rye

Houses sold in Last 12 months ends 20 Apr 2024

$900K

Median Sale Price

75%

Clearance Rate

40/54

Sold/Reported

$2.75M

Highest Sale Price

Sold Price Range No. of Sold Properties
$2 M - $3 M 2
$1.8 M - $2 M 1
$1.4 M - $1.6 M 1
$1.2 M - $1.4 M 3
$1 M - $1.2 M 4
$800 K - $1 M
(Median Price Range)		 16
$600 K - $800 K 11

Schools closest to Rye, VIC 3941

School name Address Type Sector Distance
Rye Primary School LYONS STRye 3941 Primary Government 0.33 km