Suburb Profile Report for Rye VIC (3941)

Rye House: Median price $678,000, Annual capital growth 6.53%, Number of sales 312, Weekly median advertised rent $410

Rye Unit: Median price $458,000, Annual capital growth 6.57%, Number of sales 11, Weekly median advertised rent $343

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Rye, 3941 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -5.17%.

If we look at median property appreciation over just the last three months, Rye has given property investors a paper return of 1.19%. This puts Suburb as 185 on a list of fastest fasting appreciating suburbs in VIC

LACK OF BUYER INTEREST may well be the reason that Rye is offering property investors an average of -6.90. This rate of discount on properties puts Suburb at number 25th in terms of most discounted suburbs in VIC

Property investors should expect to get $410 weekly from the median priced house in this suburb.

At number 959th in the list of Australian suburbs ordered by increase in median house value over the last year, Rye, 3941 is in the BOTTOM 40% with a property value increase of -5.08% recorded in median house prices.

Across a shorter period, Rye, 3941 has seen a median price increase of -0.76% over the last quarter.

Rye is 218th on a list of best yielding suburbs for rents in VIC with a 3.89% return

Metrics i HOUSE UNIT
$678,000 $458,000
1.19% -0.76%
-5.17% -5.08%
6.53% 6.57%
$410 $343
312 11
3.14% 3.89%
71.2266666666667 N/A

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Balanced (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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