Market snapshot

Suburb insights for Rye3941

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Rye is located 64 km south of the CBD. Located along the Mornington Peninsula Rye is bounded by Port Phillip Bay in the north and Bass Straight in the south. The suburb is primarily residential in the north while the south has large tracts of rural and rural living land. Rye also features The Dunes Golf Links the Foreshore Reserve and the Mornington Peninsula National Park. A significant proportion (14%) of Rye's labour force are employed in the construction sector.

Recent sales and auction results in Rye

AddressBedroomsPriceTypeMethodSale DateAgentListing
468 Tasman Dr, RyePriceHouse (Res)Private Sale11/03/2025Place CoastalView

Sales data

Median sale price
$960k
Quarterly price change
7.7%
Metro Melbourne Comparison
$923k
2.7%
BedroomsRyeMetro comparison
2$750,000$881,200
3$857,500$810,000
4$1,241,000$942,350
InsightRyeMetro comparison
Clearance rate78.5%
Days on market54.542

Rental data

Median weekly rent
$590
Rental yield
3.2%
Metro Melbourne Comparison
$580
3.3%
BedroomsRyeMetro comparison
2$480$580
3$550$550
4$650$600
Median data for the current quarter
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