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.
Sales data
Median sale price
$990k
Quarterly price change
-7.1%
Metro Melbourne Comparison
$916k
0.1%
| Bedrooms | Rye | Metro comparison |
|---|---|---|
| 2 | $765,000 | $902,000 |
| 3 | $920,000 | $807,500 |
| 4 | $1,365,000 | $950,000 |
| Insight | Rye | Metro comparison |
|---|---|---|
| Clearance rate | 73.3% | |
| Days on market | 48 | 42 |
Rental data
Median weekly rent
$595
Rental yield
2.9%
Metro Melbourne Comparison
$575
3.3%
| Bedrooms | Rye | Metro comparison |
|---|---|---|
| 2 | $490 | $560 |
| 3 | $550 | $550 |
| 4 | $650 | $595 |
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