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Rye, VIC 3941

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Rye, VIC 3941 located in Melbourne to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Rye, VIC 3941”

  1. The total adult population (15 years or older) of Rye 3941 VIC is 8,071, with a median age of 51. Of those, 46.17% are married, 16.18% are divorced or separated, 31.38% are single and 6.31% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $6,848. The median monthly mortgage repayment for households in this suburb is $1,800 which is 26.29% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of RYE (postcode 3941) situated in Victoria, is home to approximately 10,237 households. By the third quarter of 2023, the typical price benchmark for houses in RYE stands at $1,200,906 AUD. In line with this, the median weekly rent tallies at $547, resulting in an indicative yield of 2.37%, a figure slightly below the 3% mark preferred by cash flow centred property investors.

    In terms of the socio-economic condition of RYE, it records an IRSAD score of 994 from a potential 1217, suggesting a well performing demographic in terms of economic resources and skilled professions. The renter to owner ratio is favourable, sitting at a modest 21% which signifies an active property market without the risk of competition saturation. In addition, the units to houses ratio is extremely favourable, indicating at a low 3%. This suggests the area maintains a valuable balance of housing types, favouring families and longer tenancy periods, subsequently supporting a stable rental yield.

    The affordability index for houses in RYE is at the high end of the spectrum, at 69 years. This suggests prospective homeowners may face challenges in full housing ownership, with several factors such as median family income and current interest rates taken into account.

    Looking at the supply metrics, houses in RYE present an attractive investment opportunity with a low stock on market Percentage at 0.29% and a favourable inventory level of just 1.36 months, indicating a high demand-to-supply pace in the housing market. The building approvals Ratio is slightly over the favourable range at 0.51%, signalling a potential slight increase in new residential buildings, but still relatively low.

    Demand indicators are also strong for RYE, with the average days on market for a house being 32 days – well below the 35-day threshold indicating a high demand. The combined vacancy rate for houses and units falls within the neutral range at 2.78%, showing a balanced market condition. The buy search index for houses in RYE sits at an impressive 6, indicating a significant interest and high demand from potential buyers.

    Overall, houses in the suburb of RYE, VIC 3941, present an appealing prospect for property investors looking for a well-performing market, albeit with some caution due to the higher than average affordability index. As always, staying informed on market conditions is key to successful investment decisions.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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