Investment property in Rye has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 18.92%
Over the longer term, Rye has seen property prices show investors a 54.36% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of -5.93% to buyers in Rye at the moment, which is less than average for the rest of VIC.
At number 1267 in a list of fastest selling suburbs, Rye is in the TOP 40% of suburbs in Australia with an average of days on market 60.74 for properties listed there.
Advertised rents are around the $390 mark per week – giving a return of 2.84% based on the median price in Suburb
Rye has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 7.07% 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.
Rye3941 is located in VIC which offers an average discount of -4.65% to property investors. Rye itself is showing figures that indicate -4.60% is the average achievable by property buyers investing in the suburb.
Renters in Suburb are facing rents around $17160 per annum or $330 every week.