VIC has seen average median house prices change by 3.76% which means that Rye, 3941 has done well for property investors by showing a capital gain of 6.82% over the last year
The five-year average increase in median property values for Rye,3941 has given property investors a potential capital gain of 65.88% across each of those five years.
Property buyers and investors in Rye 3941 should be seeing an average reduction in asking price of around -6.91% . This means that Rye is holding prices well when compared to other suburbs in VIC.
Advertised rents are around the $395 mark per week – giving a return of 2.91% based on the median price in Suburb
If you compare the increase in value of investment property in Rye, 3941 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 1.04%.
Comparing Rye,3941 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
In the last year 15 properties changed hands in Rye, which puts it as the 298th most active market in VIC when comparing the number of sales per suburb.
Rye is 226th on a list of best yielding suburbs for rents in VIC with a 3.75% return