Suburb Profile Report for Rye VIC (3941)

Rye House: Median price $574,000, Annual capital growth 6.91%, Number of sales 384, Weekly median advertised rent $350

Rye Unit: Median price $485,000, Annual capital growth 7.47%, Number of sales 16, Weekly median advertised rent $295

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Rye has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 11.46% to date .

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Rye has increased when compared to the 5 year average annual rate.

Sellers are offering property buyers an average discount of -5.24% to buyers in Rye at the moment, which is less than average for the rest of VIC.

Often selling an investment property can take time, and in Rye the average time real estate has been on the market is 60.58 days.

Property value increases in Rye have tracked higher than the VIC average of 4.83% over the last 12 months.

Comparing Rye,3941 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

At number 99th of VIC’s most discounted properties, Rye is in the bottom 40% of the state/territory when listing in order of most discounted to least.

In the last year 16 properties changed hands in Rye, which puts it as the 325th most active market in VIC when comparing the number of sales per suburb.

Using the current median advertised rental of $295 and the average annual increase in value of a median property of 7.47%, investors should hope to achieve an overall return of 3.16%

Metrics i HOUSE UNIT
$574,000 $485,000
2.14% 13.78%
11.46% 38.18%
6.91% 7.47%
$350 $295
384 16
3.17% 3.16%
60.58 104.33

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 8159
Median household income ($/weekly) 843
Median age of persons 46
Median housing loan repayment ($/monthly) 1600
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 899 11.0
    35-44 years 1080 13.2
    45-54 years 1052 12.9
    55-64 years 1220 14.9
    65-74 years 1149 14.1
    Others 2761 33.8
    Age Group
    Census Count Percent(%)
    Registered Married 2831 48.8
    Not Married 2333 40.2
    Defacto Relationship 642 11.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 6177 82.5
    Hong Kong 105 1.4
    Japan 163 2.2
    United Kingdom 448 6.0
    Other 133 1.8
    Others 461 6.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 87 1.2
    Christianity 4664 66.0
    Judaism 14 0.2
    Other Religious Groups 21 0.3
    No Religion 2277 32.2
    Others 3 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 305 10.8
    $400-$599 454 16.1
    $600-$799 370 13.1
    $800-$999 301 10.7
    $1,000-$1,249 295 10.4
    Others 1098 38.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2821 45.4
    Employed, worked full-time 1705 27.4
    Employed, worked part-time 1273 20.5
    Employed, away from work 241 3.9
    Unemployed, looking for work 173 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 402 12.5
    Professionals 470 14.6
    Technicians & trades workers 700 21.7
    Community & personal service workers 412 12.8
    Sales 351 10.9
    Others 885 27.5
    Occupation
    Census Count Percent(%)
    Pre-school 125 9.0
    Infants/Primary 531 38.2
    Secondary 402 28.9
    Technical or Further Educational Institution 159 11.4
    University or other Tertiary Institutions 116 8.4
    Others 56 4.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6914 96.4
    Semi-detached, row or terrace house, townhouse 120 1.7
    Flat, unit or apartment 78 1.1
    Caravan, cabin, houseboat 45 0.6
    House or flat attached to a shop, office 13 0.2
    Others 4 0.1
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1322 42.8
    Being purchased 1016 32.9
    Rented 735 23.8
    Other tenure type 14 0.5
    Tenure Type
Census 2011, ABS
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