Market snapshot
Suburb insights for Rye3941
Change suburbRye 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.
Recent sales and auction results in Rye
| Address | Bedrooms | Price | Type | Method | Sale Date | Agent | Listing |
|---|---|---|---|---|---|---|---|
| 1 Karkarook Rd, Rye | 3 |  | House (Res) | Sold Before Auction | 6/07/2024 | Stockdale & Leggo Rye | View |
| 24 Tanderra St, Rye |  | Land (Res) | Private Sale | 14/05/2024 | Hodges Rye | ||
| 17 Nerissa St, Rye |  | Land (Res) | Private Sale | 4/05/2024 | Hodges Rye | ||
| 10 Valentine St, Rye |  | House (Res) | Private Sale | 12/07/2024 | Buxton | View | |
| 18 Yannuga St, Rye | 3 | | House (Res) | Private Sale | 11/06/2024 | Hodges Rye | View |
| 4 Twakurra St, Rye | 4 | | House (Res) | Private Sale | 2/05/2024 | Hodges Rye |
Sales data
Median sale price
$1.1mil
Quarterly price change
-4.9%
Metro Melbourne Comparison
$912k
-1.5%
| Bedrooms | Rye | Metro comparison |
|---|---|---|
| 2 | $747,500 | $902,500 |
| 3 | $985,000 | $810,000 |
| 4 | $1,365,000 | $955,000 |
| Insight | Rye | Metro comparison |
|---|---|---|
| Clearance rate | 73.8% | |
| Days on market | 42 | 42 |
Rental data
Median weekly rent
$585
Rental yield
2.8%
Metro Melbourne Comparison
$560
3.2%
| Bedrooms | Rye | Metro comparison |
|---|---|---|
| 2 | - | $550 |
| 3 | $550 | $540 |
| 4 | $650 | $580 |
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