Rye

Rye, VIC 3941, is a vibrant suburb with a population of 9,438. The median household income is $1,334 per week. The age demographic is diverse, with significant populations in age groups ranging from 5 to 64 years. The suburb offers various commuting options, with around 852 residents working from home. The education system ranks at the 57th percentile for government schools. For house investors, Rye presents an opportunity with a moderate rental yield and a reasonably high sale price IQR, indicating potential for renovation projects. The market absorption rate suggests steady demand and the vacancy rate is low. For unit investors, the suburb offers a higher yield compared to houses, low vacancy rates, and a stable growth rate. Both property types show positive growth trends over a 10-year period. Rye, VIC 3941, is an appealing suburb for both homeowners and investors. Its diverse demographics, commuting options, and educational facilities make it an attractive place to reside. Investors can benefit from the stable growth trends and demand for both houses and units in the area. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022