Rye is located 64 km south of the CBD. Located along the Mornington Peninsula Rye is bounded by Port Phillip Bay in the north and Bass Straight in the south. The suburb is primarily residential in the north while the south has large tracts of rural and rural living land. Rye also features The Dunes Golf Links the Foreshore Reserve and the Mornington Peninsula National Park. A significant proportion (14%) of Rye's labour force are employed in the construction sector.
Median data for December Quarter 2023. Click here for details.
Median Sale Price
$1.15m
Metro Melbourne
$909k
Quarterly Price Change
5.5%
-2.2%
Median Rent
$575
$550
Rental Yield
2.6%
3.1%
$683k
$630k
Annual Price Change
n/a
-3.8%
$440
$500
3.3%
4.1%
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