Rye
3941 VIC
Rye, VIC 3941 is a growing suburb with a diverse age distribution, ranging from young children to older adults. The median household income is moderate and there is a mix of occupations present in the area. Commute options include motor vehicles and working from home. Government schools in the area have a moderate ICSEA percentile.
For house investors, Rye presents an opportunity for value-adding through renovating due to a high sale price IQR ratio, indicating the potential for higher returns after improvements. For unit investors, the suburb offers good rental yields and a low vacancy rate, suggesting a stable investment option.
Rye, VIC 3941 is a suburb experiencing population growth and appeals to a range of age groups. It provides a decent income range for residents and offers various commute options. Investors can consider the suburb for different property types based on their investment strategy and goals.
Sources:
- proptechdata.com.au
- Australian Bureau of Statistics (ABS) Census 2021
- Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022
Neighbouring Suburbs
Suburb Highlights
Pricing and long-term growth profile for Rye houses.
Median Price
$960k
# Sales
296
12M Growth
1.1%
10Y Ave Growth
5.9%
Why Buyers Look Here
Owner occupier appeal — 75% owner-occupied — strong community stability and pride of ownership.
Proven growth — 5.9% average annual growth over 10 years.
Tight supply — Only 1.8% of stock on market — limited turnover supports price growth.
Capital Growth
Pricing and long-term growth profile for Rye houses.
Median Price
$960k
# Sales
296
12M Growth
1.1%
10Y Ave Growth
5.9%
Rental Market
Yield, rental pricing and vacancy performance for Rye houses.
Weekly Rent
$600
Rental Yield
3.3%
Vacancy Rate
1.6%
Rentals Last 12M
249
Supply & Demand
Stock levels, days on market and selling conditions for Rye.
Stock on Market
1.8%
Days on Market
46
Building Approvals
1.7%
Infrastructure Spend
—
Demographics
Household profile, income strength and owner occupier mix in Rye.
Population
9,438
Owner Occupiers
75%
Median Income
$69k
IRSAD Rank
55
Recent Sales
Recently sold properties in Rye.
