Rye, VIC 3941

Rye, VIC 3941

Compare Part of Mornington Peninsula

63.11 km
Distance from CBD
12 k
Population

Auction Times

Sat 9 Mar
Auction Time Agency
29 Hardy Street
4 3 2 House
11:00 AM
Sat 9th Mar
Hocking Stuart
54 Fern Grove
5 3 1 House
3:00 PM
Sat 9th Mar
Hocking Stuart
Thu 14 Mar
Auction Time Agency
65 Iolanda Street
3 1 4 House
7:00 PM
Thu 14th Mar
Ray White
Sat 16 Mar
Auction Time Agency
28 Fairhills Drive
4 2 2 House
10:30 AM
Sat 16th Mar
Stockdale & Leggo
Median Sale Price
House
-
Updated on Jan 2024
2 BR
-
3 BR
-
4 BR
-
Unit
-
Updated on Jan 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
$1,130,000
-6.2% $650,000 $2,850,000 266
2024
$1,100,000
-2.7% $705,000 $1,970,000 50
Median Sale Price
$1.11M
Based on 278 recorded sales within the last 12 months
Updated on 4 Mar 2024
Suburb Growth
-5.4%
Current Median Price: $1,110,000
Previous Median Price: $1,170,000
Based on 534 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Feb 2024)
Price Range Segments (12 months ending Feb 2024)
Median Weekly Rent Price
House
-
Updated on Jan 2024
2 BR
-
3 BR
-
4 BR
-
Unit
-
Updated on Jan 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 $1,700 192
2021
$550
+18.2% $310 $900 108
2022
$550
0.0% $353 $1,300 176
2023
$575
+4.3% $380 $2,390 240
2024
$610
+5.7% $390 $2,390 28
Median Rent Price
$575
per week
Based on 225 recorded rent within the last 12 months
Updated on 4 Mar 2024
Rent Price Growth
+4.3%
Current Median Rent: $575
Previous Median Rent: $550
Based on 424 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+2.7%
Current Median Price: $1,110,000
Current Median rent: $575
Based on 503 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Feb 2024)

Auction Results For Rye

Houses sold in Last 12 months ends 2 Mar 2024

$940K

Median Sale Price

86%

Clearance Rate

59/69

Sold/Reported

$2.75M

Highest Sale Price

Sold Price Range No. of Sold Properties
$2 M - $3 M 3
$1.8 M - $2 M 2
$1.6 M - $1.8 M 1
$1.4 M - $1.6 M 2
$1.2 M - $1.4 M 8
$1 M - $1.2 M 5
$800 K - $1 M
(Median Price Range)
20
$600 K - $800 K 15
less than $400 K 1

Schools closest to Rye, VIC 3941

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