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City of Frankston

Skye

Skye Property Market
& Suburb Profile

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MEDIAN PRICES IN SKYE

Median house price

(all agencies, last 12 months)$809k*

House price change

(all agencies, last 12 months)+5.06%

Median unit price

(all agencies, last 12 months)$585k*

Unit price change

(all agencies, last 12 months)+2.63%

(Median House Price and Median Unit Price is calculated based on sales of properties with all numbers of bedrooms)

SKYE price TRACKER

HousesUnits

Skye sales overview

  • Sold by Private Sale or Other Method 100%
  • (Based on Sales Reported in the Last 12 Months)

Average days on market (houses)

(all agencies, 12 months)19

Average days on market (units)

(all agencies, 12 months)33

Average held period in Skye

(proptrack)9 years

Skye Investor Statistics

Median rental price for Houses

(all agencies, last 12 months)$662pw

House rental price change

(all agencies, last 12 months)0.01%

Median rental price for Units

(all agencies, last 12 months)$520pw

Unit rental price change

(all agencies, last 12 months)0.01%

Average rental yield for Houses

(all agencies, last 12 months)4.02%

Average rental yield for Units

(all agencies, last 12 months)4.53%

Skye total population size

(as at the last census)8,088

Median household size in Skye

(as at the last census)2.9

(Median House Price and Median Unit Price is calculated based on leased properties with all numbers of bedrooms)

Skye property types

  • Houses 56%
  • Units 11%
  • Other 33%

OCCUPANCY in Skye

  • Owned 80%
  • Rented 17%
  • Other/Not Stated 3%
  • Singles 17%
  • Families 81%
  • Other 2%

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About Skye

Skye is a rapidly developing and highly sought-after residential suburb located approximately 51 kilometres south-east of the Melbourne CBD, offering a family-friendly lifestyle that strategically balances suburban convenience with a semi-rural feel, due to its expansive green-wedge zones.

The suburb is defined by its blend of well-established, modern housing estates and some larger, more spacious properties, appealing strongly to young families, professionals, and long-term owner-occupiers, which is reflected in its high rate of homeownership.

Residents benefit from significant local amenity, including Skye Primary School and Lighthouse Christian College, alongside numerous local parks and reserves that provide ample green space for recreation, while major shopping is conveniently accessible at nearby Carrum Downs Shopping Centre and the broader City of Frankston hubs.

Connectivity is a key strength for drivers, with immediate and excellent access to the Mornington Peninsula Freeway and major arterial links, providing a relatively straightforward commute to the CBD, Dandenong, and the attractions of the Peninsula.

While public transport primarily relies on bus routes connecting to nearby train stations like Lynbrook, the suburb’s appeal lies in its sense of quiet community, modern infrastructure, and the opportunity for space and growth, making it a stable and attractive market for quality family houses.

Education

Skye Primary School
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Skye MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
2025145$697,0005.06%99$591pw4.28%
2024131$685,7504.00%64$584pw4.66%
2023118$645,000-2.60%75$539pw4.33%
2022143$665,0003.36%84$485pw3.95%
2021176$643,75022.13%68$449pw3.55%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
2025145$697,000+5.06%
2024131$685,750+4.00%
2023118$645,000-2.60%
2022143$665,000+3.36%
2021176$643,750+22.13%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
202599$591pw4.28%
202464$584pw4.66%
202375$539pw4.33%
202284$485pw3.95%
202168$449pw3.55%

PROUDLY SERVICING Skye

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NEWS & INSIGHTS

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*The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth).The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

This information is supplied by Barry Plant Group Pty Ltd (ABN 96 088 069 952) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298).

The 12 month data in this report is from 31 October 2024 to 31 October 2025, last updated 31 October 2025.