32 Observation Drive, Rye, VIC 3941 sold on 02 August 2025 | OnTheHouse
SOLD
Sold on 02 Aug 2025 for $430,000

32 Observation Drive
Rye VIC 3941

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 766m2
Sold By
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Prentice Real Estate Rye
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Property Details for 32 Observation Dr, Rye

Building Type
Land
Land Size
766m2
Local Government
Mornington Peninsula
Lot/Plan
1/TP106422

Property History for 32 Observation Dr, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$430,000
02 Aug 2025
  • 02 Aug 2025
    Sold for $430,000
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About Rye 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 2016 was 8416 people. By 2021 the population was 9438 showing a population growth of 12.1% 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 2021, 75.40% of the homes in Rye were owner-occupied compared with 71.60% in 2016.

Rye has 10,054 properties. Over the last 5 years, Houses in Rye have seen a 22.76% increase in median value, while Units have seen a 31.01% increase. As at 30 November 2025:

  • The median value for Houses in Rye is $1,011,841 while the median value for Units is $633,986.
  • Houses have a median rent of $593 while Units have a median rent of $490.
There are currently 70 properties listed for sale, and 6 properties listed for rent in Rye on OnTheHouse. According to Cotality's data, 348 properties were sold in the past 12 months in Rye.

Suburb Insights for Rye 3941

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.