Market snapshot

Suburb insights for Rye3941

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Rye is located 64 km south of the CBD. Located along the Mornington Peninsula Rye is bounded by Port Phillip Bay in the north and Bass Straight in the south. The suburb is primarily residential in the north while the south has large tracts of rural and rural living land. Rye also features The Dunes Golf Links the Foreshore Reserve and the Mornington Peninsula National Park. A significant proportion (14%) of Rye's labour force are employed in the construction sector.

Sales data

Median sale price
$1.1mil
Quarterly price change
-3.9%
Metro Melbourne Comparison
$929k
2%
BedroomsRyeMetro comparison
2$750,000$920,000
3$962,000$810,000
4$1,405,000$965,000
InsightRyeMetro comparison
Clearance rate35.3%75.3%
Days on market4140

Rental data

Median weekly rent
$588
Rental yield
2.8%
Metro Melbourne Comparison
$550
3.1%
BedroomsRyeMetro comparison
2-$550
3$560$520
4$650$575
Median data for the current quarter

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