At number 686th in the list of Australian suburbs ordered by increase in median house value over the last year, Rye, 3941 is in the top 20% with a property value increase of 17.43% recorded in median house prices.
While Rye,3941 ranked number 87th in VIC for increase in median house value (annualised) increase, it is ranked 289th over the last 5 years.
The most recent median price for Rye is $640000, with sellers offering an average of -2.44% off the asking price.
The VIC suburb of Rye, 3941 is in the Mornington Peninsula local government area.
Rye has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 10.53% 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.
Renters in Suburb are facing rents around $3540 per annum or $295 every week.