Rye is in Mornington Peninsula LGA, VIC, postcode 3941, with population 9,438.
There are enough stretched or weaker signals here that you should assume trade-offs rather than a clean story. Use compare mode to see whether the downside is price, local quality, or weaker momentum before treating it as a target suburb.
Transport coverage adds a practical access signal.
Gross yield looks low for an income-first use case.
Indicative cashflow is interest-only and excludes tax — use the calculator for a full projection.
Owners with a mortgage repay a median of $1,800/mo, while renters pay about $1,612/mo — owning runs $188/mo higher on these medians.
LGA-level official projection (Victoria in Future 2023, DTP). Indicative of the wider council area, not a suburb-level forecast.
Located in Victoria within the Mornington Peninsula local government area, Rye is a mid-sized suburb (postcode 3941). It is home to about 9,438 residents, with a settled, mature resident base and a median age of 51. Households earn a median income of $69K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.8% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, professionals, managers. Employment in the area leans toward construction and healthcare. The top ancestries reported are English, Australian, Irish.
Median house prices in Rye stand at $920,000, having fallen sharply by 8.9% over the last twelve months. Units have a median price of $675,000 (-5.6% YoY). The median weekly rent is $372 (Census 2021). This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $1,800.
Rye is served by 1 school, including 1 primary. The average ICSEA score is 1026, which is around the national average of 1,000. Public transport access includes 67 bus stops. The crime rate in the Mornington Peninsula LGA is moderate at 7,089 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 2.1%, which reads as low yield. Property prices are near the state median ($920K/$875K). The price-to-income ratio of 13.3x is considered stretched. House prices have moved -8.9% year-on-year. Population growth of +0.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.
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Rye has enough direct local evidence for a first-pass decision.
QuickProperty mixes release files, Census baselines, and matched local services on this page. Read the status panel before treating every metric as equally fresh.
DataVic-discovered annual suburb price workbooks parsed into suburb prices. Quarterly VIC resources are discovered and cached, but not yet used as current-price anchors.
This gives you directional coverage, but it is weaker than a current rent release.
Schools, transport, and hospitals are useful as presence signals, but they still have different source cadences.
Rye is in the Mornington Peninsula Local Government Area, VIC, postcode 3941. Council-level context for Mornington Peninsula LGA (suburb mix, population, rent, and price coverage) is available on the QuickProperty LGA page.
The current median house price in Rye, VIC is $920K, based on the latest available sales data from state Valuers General offices and ABS Data by Region.
The median weekly rent in Rye is $372/wk, based on ABS Census 2021 rent fallback.
QuickProperty's investment signals for Rye show: Low Yield, Near Median, Stretched. These are computed from price, rent, income, and population data — not an opaque score.
Property prices come from state Valuers General offices and ABS Data by Region. Demographics are from ABS Census 2021. School ICSEA scores are from ACARA. Crime statistics are from state police agencies. Transport data is sourced from GTFS feeds.
Property prices update quarterly. RBA macro indicators update with each deploy. Demographics are from Census 2021. School ICSEA scores are from ACARA 2025.