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%