Skye
Suburb profile, market snapshot and recent listings for Skye, VIC 3977.
About Skye
Welcome to Skye
Skye sits in Melbourne's south-eastern suburbs, part of the broader Frankston-Cranbourne corridor around 45 kilometres from the CBD. It's a growing residential pocket that has shifted from semi-rural fringe to established family suburb, bordered by Carrum Downs, Cranbourne West and Frankston North.
With a population of just over 8,000 and a median age of 36, Skye has the profile of a suburb popular with young families and first-home buyers looking for space and value without straying too far from the coast or the Peninsula Link corridor.
Lifestyle & dining
Skye retains a relaxed, low-density feel compared to more built-up parts of the south-east, with plenty of open paddocks and newer estates sitting alongside older acreage properties. Everyday dining and cafe culture tends to be found just over the border in Carrum Downs and Cranbourne, while locals often head towards Frankston for a bigger night-out scene or the beach itself, only a short drive south.
The suburb's appeal lies less in a bustling main street and more in its quieter pace, larger blocks and proximity to both the Mornington Peninsula and Melbourne's growing south-eastern employment hubs.
Shopping
For day-to-day shopping, residents typically rely on the retail centres in neighbouring Carrum Downs and Cranbourne West, which offer supermarkets, specialty stores and larger shopping centres within a short drive. Frankston's retail and dining strip, including its train station precinct, is also within easy reach for a bigger shopping trip or weekend outing.
Getting around
Skye is well positioned for drivers, with Peninsula Link and the South Gippsland Highway providing efficient connections to Frankston, the Mornington Peninsula and, via EastLink, into Melbourne's greater road network. Public transport is more limited within Skye itself, with bus routes connecting to Frankston station, from where the Frankston train line runs direct into the city, making it a workable option for commuters happy to combine bus and rail.
Schools & families
Families are well catered for locally, with Skye Primary School serving the immediate area and Australian Christian College Casey offering a broader independent schooling option nearby. The suburb's median age of 36 and its mix of larger family homes point to strong appeal among households with children, and the surrounding Cranbourne and Carrum Downs areas add further schooling and childcare choice within a short drive.
Housing & architecture
Housing in Skye is overwhelmingly detached, with houses making up 85% of current listings, alongside a small share of townhouses (7%), apartments or units (4%) and vacant land (1%). This mix reflects the suburb's low-rise, family-oriented character, with newer estate homes sitting alongside older, larger properties on generous blocks that hark back to Skye's more rural past.
The property market
Skye's property market has been firming, with the median house price sitting at $820,000 following growth of 11.6% recently, a sign of strong buyer demand for the suburb's larger blocks and family-friendly setting. Units and townhouses offer a more accessible entry point, with a median unit price of $629,000, while renters can expect to pay a median of $620 a week.
The overwhelming dominance of standalone houses in the current listing mix suggests Skye remains primarily a house-and-land market rather than a medium-density one, which continues to attract families and upgraders from pricier parts of the south-east and Peninsula.
Market snapshot
Skye property market
Median sale price
$820k
House · 3 bed
Median rent
$620
per week
Gross rental yield
3.9%
annual rent ÷ sale price
Typical price range
Entry
$637k
Median
$820k
Premium
$886k
Days on market
7
Auction clearance
0%
Sold this year
56
Median sold price trend · House 3 bed
Compound growth +3.8% / yr over 4 yrs
Median price by bedrooms · House
Property types on market
Share of current listings in Skye by dwelling type.
Who lives here
Demographics
ABS Census 2021 figures for Skye, VIC 3977.
Population
8,088
residents (2021)
Median age
36
years
Household income
$2,004
median, per week
Median rent
$410
per week
Median mortgage
$1,733
per month
Mortgage / income
20%
comfortable
Source: Australian Bureau of Statistics, Census of Population and Housing 2021. Suburb-level (SAL) aggregates.
Education
Schools in Skye
Government school catchment
Independent & Catholic schools
Australian Christian College Casey
Recent results
Recently sold in Skye
$596k
1/32 Mccormicks Road
Sold ~July 2026
$638k
11/2 Sanoma Drive
Sold ~July 2026
$920k
20 Captain Cook Close
Sold ~July 2026
$1.24m
445 Ballarto Road
Sold ~July 2026
$720k
2 Hotelier Court
Sold ~July 2026
$1.12m
2 Eve Close
Sold ~July 2026
$810k
29 Rhone Grove
Sold ~July 2026
$789k
9 Di Blasi Court
Sold ~June 2026
Sold prices as published on the original listing; some may reflect the last advertised price. Dates are approximate.
Explore the area
Properties & amenities in Skye
Compare the area
Price map around Skye
Every listing for sale near Skye, coloured by price — so you can see how it stacks up against the streets and suburbs next door.
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Common questions
Skye suburb FAQ
What is the median property price in Skye?
The median house price in Skye, VIC is $820k for a 3-bedroom home. Over the past year, median sold prices have risen about 11.6%.
How much is rent in Skye?
The median weekly rent in Skye is around $620 per week.
Is Skye a good place to live?
Skye is a suburb in Melbourne, Victoria, Australia, 36 km south-east of Melbourne's central business district via the Monash Freeway, located within the City of Frankston local government area. Skye is an established residential suburb in VIC, with a population of around 8,088 and 2 schools in the area.
What is the population of Skye?
Skye has a population of 8,088 (ABS 2021 Census), with a median age of 36.
What schools are in Skye?
There are 2 schools in or near Skye, including Australian Christian College Casey and Skye Primary School.
How long do homes take to sell in Skye?
Properties in Skye take around 7 days to sell on average, with an auction clearance rate of about 0%.
How much do you need to buy in Skye?
Entry-level properties in Skye start around $637k, while premium homes reach $886k.
What suburbs are near Skye?
Suburbs near Skye include Carrum Downs, Seaberry Promenade Skye, Downs, Cranbourne West and Frankston North.
Fresh to market
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