Property value increases in Rye have tracked close to the VIC average of 4.41% over the last 12 months.
While Rye,3941 ranked number 514th in VIC for increase in median house value (annualised) increase, it is ranked 164th over the last 5 years.
Vendor discounting in Rye is giving property investors an average Vendor Discount of around -7.71%. This puts suburb at number 94th in VIC when ranking the most discounted suburbs.
Situated 64.41km from the CBD, Rye is one of Mornington Peninsula (S) localities in the postcode 3941.
Rye is in the TOP 10% in VIC when comparing median price capital growth over the last year. Rye gave property investors a very good capital gain figure when compared to the rest of the state, with 22.05%.
The five-year average increase in median property values for Rye,3941 has given property investors a potential capital gain of 53.57% across each of those five years.
At number 1237 in a list of fastest selling suburbs, Rye is in the bottom 10% of suburbs in Australia with an average of days on market 113.4 for properties listed there.
A $340 per week rent on the median house gives suburb investors a gross yield of circa 3.16%, without taking into account capital value appreciation, which has been averaging out at 8.65%.