4/56 Peninsula Avenue

Rye VIC 3941

The size of Rye is approximately 17.7 square kilometres. It has 16 parks covering nearly 14.3% of total area. The population of Rye in 2011 was 8,159 people. By 2016 the population was 8,423 showing a population growth of 3.2% in the area during that time. The predominant age group in Rye is 60-69 years. Households in Rye are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Rye work in a trades occupation. In 2011, 72.7% of the homes in Rye were owner-occupied compared with 71.6% in 2016.

Rye has 9,986 properties. Over the last 5 years, Houses in Rye have seen a 50.70% increase in median value, while Units have seen a 25.50% increase. As at 30 September 2024:

• The median value for Houses in Rye is $1,041,400 while the median value for Units is $607,386.
• Houses have a median rent of $595 while Units have a median rent of $480.