Property value increases in Rye have tracked just higher than the VIC average of 11.00% over the last 12 months.
Taking the average capital gain, or increase in median house value, Rye,3941 has racked up an average of 15.09% over the period. This ranks it number 1097th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Rye is offering property investors an average of -5.26. This rate of discount on properties puts Suburb at number 243th in terms of most discounted suburbs in VIC
Rye, 3941’s gross rental yield is 3.15%
Over the last year, property investments in Rye, 3941 have given investors a capital gain of 23.49%. This compares very favourably with the 5.66% for VIC as a whole.
Rye,3941 has offered an average of 23.49% return per annum in house price rises to property investors over the last three years.
Sellers are offering property buyers an average discount of -6.28% 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 95.41 days.
A $290 per week rent on the median house gives suburb investors a gross yield of circa 3.28%, without taking into account capital value appreciation, which has been averaging out at 6.18%.