Chat with us, powered by LiveChat

Mornington Peninsula Shire

Rye

Rye Property Market
& Suburb Profile

Powered by Proptrack

MEDIAN PRICES IN RYE

Median house price

(all agencies, last 12 months)$941k*

House price change

(all agencies, last 12 months)-12.85%

Median unit price

(all agencies, last 12 months)$663k*

Unit price change

(all agencies, last 12 months)-3.56%

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

RYE price TRACKER

HousesUnits

Rye 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)60

Average days on market (units)

(all agencies, 12 months)80

Average held period in Rye

(proptrack)17 years

Rye Investor Statistics

Median rental price for Houses

(all agencies, last 12 months)$627pw

House rental price change

(all agencies, last 12 months)0.01%

Median rental price for Units

(all agencies, last 12 months)$518pw

Unit rental price change

(all agencies, last 12 months)0.05%

Average rental yield for Houses

(all agencies, last 12 months)3.34%

Average rental yield for Units

(all agencies, last 12 months)4.06%

Rye total population size

(as at the last census)9,438

Median household size in Rye

(as at the last census)2.2

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

Rye property types

  • Houses 64%
  • Units 2%
  • Other 34%

OCCUPANCY in Rye

  • Owned 75%
  • Rented 21%
  • Other/Not Stated 4%
  • Singles 30%
  • Families 67%
  • Other 3%

CURIOUS TO KNOW WHAT YOUR PROPERTY IS WORTH TODAY?

Request a free price evaluation from our experienced team

About Rye

Rye is a large, established coastal suburb located approximately 83 kilometres south of the Melbourne CBD, offering a unique, dual-coastline lifestyle that makes it a highly favoured destination for permanent residents and holidaymakers alike.

The suburb is uniquely positioned on the narrow section of the Mornington Peninsula, providing residents with easy access to both the calm, safe, family-friendly beaches of Port Phillip Bay and the rugged, spectacular surf and clifftop walks of Rye Ocean Beach on the Bass Strait side, which forms part of the Mornington Peninsula National Park.

Life is centred on the vibrant Rye Village shopping strip on Point Nepean Road, which provides essential services, a major supermarket, diverse eateries, and local boutique shops, particularly bustling during the summer months when the town’s popular carnival is located near the pier.

Recreational amenity is exceptional, including fishing and boating facilities at the Rye Pier and boat ramps, as well as the nearby 'The Cups' golf region, which features renowned courses and the Alba Thermal Springs, reinforcing its strong lifestyle appeal.

The housing stock is appealingly diverse, featuring everything from original holiday shacks to renovated family homes and modern units, with a high proportion of owner-occupiers contributing to a stable community feel.

While the suburb is largely reliant on private vehicles for commuting, its enduring appeal as a self-sufficient coastal destination ensures that for investors, Rye remains a stable market, particularly for holiday rentals which command high returns during peak seasons, and for those seeking long-term growth driven by the irresistible sea-change migration trend.

Education

Rye Primary School
Powered by Proptrack

Sales Comparison

Find out how Rye median sales prices compare to neighbouring suburbs.

Rye MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
2025338$802,125-12.85%290$573pw3.70%
2024325$870,750-6.80%312$559pw3.77%
2023295$905,375-6.49%307$543pw3.44%
2022316$957,5008.12%212$530pw3.26%
2021470$1,055,12537.30%148$503pw2.91%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
2025338$802,125-12.85%
2024325$870,750-6.80%
2023295$905,375-6.49%
2022316$957,500+8.12%
2021470$1,055,125+37.30%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
2025290$573pw3.70%
2024312$559pw3.77%
2023307$543pw3.44%
2022212$530pw3.26%
2021148$503pw2.91%

PROUDLY SERVICING Rye

Browse more suburbs

Tootgarook

Blairgowrie

Rosebud West

NEWS & INSIGHTS

Your Guide to Victoria's Upcoming Rental Reforms: What You Need to Know

Five things to consider when choosing an investment property

Handy tips for the first home buyer

*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.