Thinking about buying in Rye? Now could not be a better time, with 11703 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,332,000 with prices in this suburb ranging from $216,000 to $90,387,000. Rye is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

Rye Real Estate Market Outlook

Consistent high demand relative to supply is a key feature in Rye driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Rye due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Rye provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Rye necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Rye we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Rye a better buying opportunity than it may have been in the past.

Houses for sale Rye

	470-474 BROWNS RD, RYE, VIC, 3941	3	2	2	$1,300,000 - $1,400,000
	39 DUNHAM ST, RYE, VIC, 3941	5	3	7	$2,695,000 - $2,964,000
	18 CENTRE DR, RYE, VIC, 3941	4	3	6	$2,950,000 - $3,150,000
	17 ROSLYN AV, RYE, VIC, 3941	3	1	4	NEW PRICE $799,000 to $875,000
	37 LUCIEN RD, RYE, VIC, 3941	4	2	4	$1,695,000 - $1,795,000
	22 WONDAREE ST, RYE, VIC, 3941				UNDER CONTRACT
	16 ELGAN AV, RYE, VIC, 3941	6	3	5	$1,590,000 - $1,690,000
	17 LOUISE ST, RYE, VIC, 3941	4	3	4	$1,690,000
	8 ALLARA ST, RYE, VIC, 3941	3	2	2	$895,000
	5 MCLEOD ST, RYE, VIC, 3941	5	4	4	$3,650,000 - $3,850,000
	5 TWAKURRA ST, RYE, VIC, 3941				$599,000 - $655,000
	3 WAGSTAFF ST, RYE, VIC, 3941	5	2	4	For Sale $1,375,000 - $1,505,000
	34 TUERONG ST, RYE, VIC, 3941	3	2	2	Sold $748,000
	11 OBSERVATION DR, RYE, VIC, 3941				For Sale $700,000 - $720,000
	4 THOMSON TCE, RYE, VIC, 3941	5	3	3	For Sale $1,550,000 - $1,650,000
	3 PERCY ST, RYE, VIC, 3941	0	0	0	$ 700,000 - $ 735,000
	11 GOVERNMENT RD, RYE, VIC, 3941	4	3	2	$2,650,000 to $2,900,000
	82 CREEDMORE DR, RYE, VIC, 3941	4	2	3	$950,000 to $1,040,000
	11 ALEXANDRA CR, RYE, VIC, 3941	4	2	6	$1,700,000
	25 MONOMEITH ST, RYE, VIC, 3941	3	2	2	$950,000 to $1,040,000
	20 GAWALLA ST, RYE, VIC, 3941	3	1	3	$620,000 to $660,000
	65 WONDAREE ST, RYE, VIC, 3941	4	2	2	$850,000 to $940,000
	UNIT 1, 15-19 EUGENIA ST, RYE, VIC, 3941	6	3	3	$1,700,000
	76 DUNDAS ST, RYE, VIC, 3941	4	2	2	$950,000 to $1,040,000
	35 MICHAEL ST, RYE, VIC, 3941	3	1		$875,000 to $960,000
	39 LANDRA ST, RYE, VIC, 3941	2	1	3	$780,000
	3 WYENA ST, RYE, VIC, 3941	3	1	2	$765,000
	6 MANNANA ST, RYE, VIC, 3941	5	3	2	$990,000 to $1,089,000
	12 HIBISCUS GR, RYE, VIC, 3941	4	2	2	$1,100,000 to $1,175,000
	32 DUNLANE CT SOUTH, RYE, VIC, 3941	3	2	2	$1,185,000
	26 LUCIEN RD, RYE, VIC, 3941	6	3	2	$1,090,000 to $1,190,000
	230 MELBOURNE RD, RYE, VIC, 3941	3	2	2	$799,000

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