AREA REPORTS

Rye

VIC/
Rye

Suburb Profile

Rye - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3941

house
unit

A steady increase in median property prices over a five-year period in the suburb translates to a 54.36% capital gain.

It also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $715,000

The augmented property values in the suburb are trailing above the territorial average of 8.31% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $390.

Home owners selling their properties and realtors in RYE usually have to wait an average of 60.2 days days before their assets are lifted off the market.

The VIC suburb ranks 367th on the list of best yielding suburbs for rental properties in VIC, posting a 2.84% return.

It also places places 192nd in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $715,000 $485,000
GROWTH REPORT
Median Quarterly 2.88% -1.52%
Median 12 month 18.92% 5.43%
Median 3 years 54.36% 16.87%
Median 5 years 70.24% 31.08%
10 years average annual 7.53% 6.81%
Weekly media advert. rent $390 $330
Time on Market 60.2 days 53.0 days
Gross Rental Yield Percent 2.84% 3.54%
demographics (median values)
Total Population
8341
Weekly Household Income
643.4
Household Size
2.20
demographics
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