Real Estate Rye Vic 3941

Real Estate Market: Is Rye VIC 3941 a Good Suburb to Buy Into?

Housing Market in Rye

Key Rye Metrics & Forecast to 2028

Sources: Property Listings and Microburbs, 2002 - 2023

Field	Value	VS Mornington Peninsula	Trend
Capital Growth Forecast: Houses	Premium	Premium	Premium
Capital Growth Forecast: Houses (2-Year Outlook)	Premium	Premium	Premium
Median yield for houses	Premium	Premium	Premium
Smart median rent: All houses	$636	Top 42%	168% to Apr 2026
Smart median sale price: All houses	Premium	Premium	Premium

Housing Supply in Rye

Rye Real Estate Investor Report

Sample Graphic

The higher the supply score the more supply is on the market, both current and future.
Sources: ABS, GEOSPATIAL, Property Listings, PLANNING ALERTS and Microburbs, 2002 - 2023

Field	Value	VS Mornington Peninsula	Trend
Development applications	1,000	Top 5%	3659% to Jun 2025
Developments	4.5	Top 32%	Data for Jul 2023
Housing Stock Quality Indicator	79.4	Top 6%	Data for May 2023
Total new residential buildings value (SA2)	Premium	Premium	Premium
Days on market: houses	Premium	Premium	Premium
Days on market: units	Premium	Premium	Premium
Number of Subdivisions	3 lots	Bottom 42%	50% to Jul 2023
Volume of houses sold in the last 30 days	Premium	Premium	Premium
Volume of units sold in the last 30 days	Premium	Premium	Premium
Stock on Market	87	Top 1%	769% to Mar 2026

Housing Stock Quality in Rye

The higher the score, the higher the quality of the houses and units.
Sources: ABS, GEOSPATIAL, Property Listings and Microburbs, 2006 - 2023

Field	Value	VS Mornington Peninsula	Trend
Houses	95.9%	Bottom 29%	1% to Jan 2021
Average bedrooms - all homes	2.2	Bottom 26%	4% to Jan 2021
NBN connection: fibreoptic cable to node	77.7%	Top 4%	Data for Jun 2023

Development Restrictions in Rye

Rye Zoning Map

Sample Graphic

The higher the score, the more easily density can be increased.
Sources: GEOSPATIAL, TORREN, ABS and Microburbs, 2011 - 2023

Field	Value	VS Mornington Peninsula	Trend
Total area	15.0 sq km	Top 40%	Data for Jan 2021
Heritage overlay total area	0.1 sq km	Top 37%	Data for Jun 2023
Residential density	1510 sqm per resident	Top 47%	Data for Jan 2021

Risk in Rye

Rye Risk Report

Sample Graphic

The higher the score, the more exposed households are to financial stress.
Sources: ABS, Property Listings, TORREN and Microburbs, 2006 - 2023

Field	Value	VS Mornington Peninsula	Trend
% Owner Occupied	83.4%	Bottom 23%	0% to May 2023
% Rentals	16.6%	Top 23%	4% to May 2023
Housing Affordability Index	52	Top 12%	Data for Jun 2023
Median monthly mortgage	$1,890	Bottom 47%	23% to May 2023
Rent Affordability Index (Houses)	72	Bottom 18%	Data for Jun 2023
Rent Affordability Index (Units)	61	Bottom 5%	Data for Jun 2023
Mortgage as a percent of income	31.0%	Top 13%	7% to Jan 2021
Mortgaged Dwellings	32.8%	Bottom 33%	9% to May 2023

Housing Demand in Rye

The higher the score, the more demand their is for housing in the area, both current and future.
Sources: ABS, TORREN, Property Listings and Microburbs, 1975 - 2030

Field	Value	VS Mornington Peninsula	Trend
Net internal migration (LGA)	Premium	Premium	Premium
Net overseas migration (LGA)	Premium	Premium	Premium
Future Population (SA2)	21800	Top 15%	9% to Dec 2036
Historical Population (SA3)	170000	Top 7%	28% to Dec 2023
Historical population growth	Premium	Premium	Premium
Population (LGA)	195000	Top 7%	47% to Dec 2030
Population Projection (LGA)	Premium	Premium	Premium
Auction clearance rate	Premium	Premium	Premium
Proportion of distressed listings	Premium	Premium	Premium
Vacancy rate	Premium	Premium	Premium

Unit Market in Rye

Rye Unit Investor Report

Sample Graphic

Sources: Property Listings and Microburbs, 2002 - 2023

Field	Value	VS Mornington Peninsula	Trend
Capital Growth Forecast: Units	Premium	Premium	Premium
Capital Growth Forecast: Units (2-Year Outlook)	Premium	Premium	Premium
Median yield for units	Premium	Premium	Premium
Smart median rent: All units	$470	Top 45%	147% to Apr 2026
Smart median sale price: All units	Premium	Premium	Premium
Unit to house ratio	64.2%	Bottom 47%	54% to Apr 2026

LGA Details (1)

Headline	Place	Datetime
Local government area	Mornington Peninsula

Median Unit Sale Prices by Street (3)

Date	Median sale value	Street
28 Mar 2026	$1,052,000	Point Nepean Rd
28 Mar 2026	$580,400	Sullivan St
28 Mar 2026	$769,000	View Rd

Median House Sale Prices by Street (100)

Street	Date	Median sale value
Adele Ct	28 Mar 2026	$1,596,000
Alexander Ave	28 Mar 2026	$1,556,000
Alexandra Cr	28 Mar 2026	$2,721,000
Alison Ave	28 Mar 2026	$3,051,000
Alwyn St	28 Mar 2026	$1,302,000

Median House Rental Prices by Street (52)

Level_0	Street	Date	Median rent (per week)
28714	Betty St	28 Mar 2026	$684
29170	Pardoner Rd	28 Mar 2026	$600
28933	Howell St	28 Mar 2026	$985
28928	Hogan Dr	28 Mar 2026	$592
28853	Florence Dr	28 Mar 2026	$621

Turnover Rate by Street (100)

Turnover rate	Street	Turnover Label	Turnover Years	Year
42.9%	Elgan Ave	very tightly held	Every 23.3 years (very tightly held)	2026
73.1%	Valley Dr	average turnover	Every 13.7 years (average turnover)	2026
64.5%	Wondaree St	quite tightly held	Every 15.5 years (quite tightly held)	2026
66.7%	Lind Ave	quite tightly held	Every 15.0 years (quite tightly held)	2026
28.6%	Crestview Ct	very tightly held	Every 35.0 years (very tightly held)	2026

Percent of Renters by Street (100)

Percent of Renters	Street
29.6%	Adam St
38.2%	Adam Street
17.1%	Adele Court
40.7%	Adele Ct
24.3%	Adina St

Accommodation Options (23)

Headline	Place	Datetime
Aquabelle Apartments	Jan-35 Point Nepean Rd
Arcadia in Rye	32 Bethany Cl
Dreams - Retro Retreat in Rye	9 Forbes St
Golden Chain Moonlight Bay Resort	4 Napier St
Plantation House at Whitecliffs	33 Maori St

Realtors (8)

Headline	Place	Datetime
Coastal Property Valuations	30 Marcia Ave
Crowders Real Estate	2375A Point Nepean Rd
John Kennedy Real Estate Pty Ltd	2327 Point Nepean Rd
Peninsula Property Management Group	2197 Point Nepean Rd
Ray White	1/ 2353 Pt Nepean Rd

Businesses (86)

Name	Address
Powda Constructions Pty Ltd	Rye VIC 3941, Australia
Coastal Decks and Fences	Point Nepean Rd, Rye VIC 3941, Australia
Modcon Developments	Higgins Ct, Rye VIC 3941, Australia
Oliver Constructions	9 Vistaglen Ct, Rye VIC 3941, Australia
Jso Electrical	30 Flinders St, Rye VIC 3941, Australia

Planning Applications: Dwellings (86)

Headline	Place	Date
Development of two sheds associated with an existing dwelling - vicsmart - Mornington Peninsula Shire Council P26/0328	394-400 Browns Road Rye VIC 3941	08 Mar 2026
Develop a dwelling, vegetation removal and associated works in accordance with the endorsed plans - Mornington Peninsula Shire Council P23/0108.02	103 Golf Parade Rye VIC 3941	08 Mar 2026
Development of a double storey dwelling & associated vegetation removal - Mornington Peninsula Shire Council P26/0316	17 Weir Street Rye VIC 3941	04 Mar 2026
The development of a dwelling, vegetation removal and associated works in accordance with the endorsed plans - Mornington Peninsula Shire Council P21/3442.01	18 Jillian Drive Rye VIC 3941	22 Feb 2026
Develop a dwelling and associated works generally in accordance with the submitted plans - Mornington Peninsula Shire Council P23/0155.01	31 Wargundy Avenue Rye VIC 3941	19 Feb 2026

Planning Applications: Other (14)

Headline	Place	Date
Building of new double storey home with attached garage on boundary - Mornington Peninsula Shire Council P25/2211	38 Richardson Street Rye VIC 3941	26 Dec 2025
Develop dwelling additions (double storey), an outbuilding, carport, vegetation removal, and associated works generally in accordance with the submitted plans - Mornington Peninsula Shire Council P21/2936.03	16 Lloyd Street Rye VIC 3941	10 Dec 2025
Develop dwelling additions (double storey), an outbuilding, carport, vegetation removal, and associated works generally in accordance with the submitted plans - Mornington Peninsula Shire Council P21/2936.02	16 Lloyd Street Rye VIC 3941	07 Nov 2025
To use land to sell or consume liquor for a licence required under the liquor control reform act 1998 (café and resturant licence) - Mornington Peninsula Shire Council P25/0392.01	12C Nelson Street Rye VIC 3941	16 Jul 2025
Dwelling additions, including a carport and swimming pool - Mornington Peninsula Shire Council P25/0045	30 Hay Street Rye VIC 3941	16 Jan 2025

Recently Sold Houses (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
13 Mannana St	$764,000	3.0	1.0	2.0	03 Feb 2026	On Market
10 Iolanda St	Price Withheld	5.0	2.0	4.0	02 Feb 2026	On Market
12 Tanya St	Price Withheld	3.0	2.0	2.0	02 Feb 2026	On Market
14 Gawalla St	Price Withheld				02 Feb 2026	On Market
6 Byahamee St	$915,000	3.0	2.0	2.0	02 Feb 2026	On Market

Recent Rental House Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
2069 Point Nepean Rd	$795	4	2		05 Feb 2026
2069 Point Nepean Rd	$795	4	2		05 Feb 2026
28 Rio Vista Ct	$555	2	1	2	03 Feb 2026
1 Karkarook Rd	$595	3	1		03 Feb 2026
28 Rio Vista Ct	$555	2	1	2	03 Feb 2026

Recent Rental Unit Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
Unit 3, 2475 Point Nepean Rd	$470	2.0	1.0	1.0	27 Oct 2025
Unit 3, 2475 Point Nepean Rd	$470	2.0	1.0	1.0	27 Oct 2025
Unit 3, 2475 Point Nepean Rd	$470	2.0	1.0	1.0	27 Oct 2025
Unit 3, 2475 Point Nepean Rd	$470	2.0	1.0	1.0	27 Oct 2025
Unit 3, 2475 Point Nepean Rd	$470	2.0	1.0	1.0	27 Oct 2025

Recently Sold Units (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
Unit 3, 12 Flinders St	$783,000	3.0	1.0	1.0	05 Feb 2026	On Market
Unit 3, 12 Flinders St	$783,000	3.0	1.0	1.0	05 Feb 2026	On Market
14 Gawalla St	Price Withheld				02 Feb 2026	On Market
3 Tarawill St	$420,000				02 Feb 2026	On Market
14 Gawalla St	Price Withheld				02 Feb 2026	On Market

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