Rye is a classic Mornington Peninsula beach town known for the iconic Rye Hotel and its superb back-beach surf spots along the Bass Strait side of the Peninsula. Strong holiday rental income, growing permanent population, and the back-beach lifestyle drive property demand. At the current $680k median house price, an 80% loan at 6.25% over 30 years is about $3,350 per month.
| Median house price | $680,000 |
|---|---|
| Median unit price | $480,000 |
| Estimated monthly repayment | $3,350 at 80% LVR, 6.25%, 30 years |
| Annual price growth | 8% |
| Gross rental yield | 4.5% |
| Typical days on market | 16 |
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