Rosebud suburb profile
Rosebud is a picturesque coastal suburb located on the Mornington Peninsula, approximately 75km south of Melbourne. Known for its stunning beaches and relaxed atmosphere, Rosebud is a popular destination for holidaymakers and retirees. The suburb offers a mix of residential options, from charming beachside cottages to modern homes, catering to diverse lifestyles. Rosebud's vibrant community is supported by a range of amenities, including shopping centres, cafes, and recreational facilities. Its proximity to natural attractions like Arthurs Seat and the Peninsula Hot Springs adds to its appeal, making Rosebud a sought-after location for both permanent residents and visitors.
Rosebud property market performance
Rosebud's property market has remained stable over the past 12 months, with no change in median house and unit values. The median house price is currently $766,500, while the median unit price stands at $585,000. This stability indicates a balanced demand for both property types in the area.
Sales activity has been moderate, with 82 houses and 15 units sold in the past 12 months. Houses are selling faster than units, with a median of 38 days on the market compared to 51 days for units, suggesting a slightly stronger demand for houses.
The rental market in Rosebud has seen notable growth, with average rents for houses increasing by 9.5% and units by 7.8% over the last 12 months. This indicates a rising demand for rental properties in the suburb.
Median price - houses$767KPast 3 months
Median price - units$585KPast 3 months
Change in value - houses-1.3%12 months
Change in value - units-3.7%12 months
Houses sold82Past 3 months
Units sold15Past 3 months
Median DOM - houses38.5Past 12 months
Median DOM - units51Past 12 months
Average rent - houses$548Past 12 months
Average rent - units$550Past 12 months
Change in rent - houses9.5%Past 12 months
Change in rent - units7.8%Past 12 months
Rosebud demographics
Rosebud, located on the picturesque Mornington Peninsula, is a charming coastal suburb known for its relaxed lifestyle and beautiful beaches. With a population of 14,381, Rosebud attracts a diverse mix of residents, including families, retirees, and holidaymakers. The median age of 49 reflects a mature community, with many residents enjoying the area's tranquil environment and scenic views.
The suburb's housing market is characterized by a high rate of outright home ownership, with 42.8% of properties owned outright. This indicates a stable community with long-term residents who have settled in the area. Additionally, 30% of properties are owned with a mortgage, while 27.2% are rented, offering a range of housing options for different lifestyles and preferences.
Family life in Rosebud is well-supported, with 32.6% of households being couple families with children and 45.7% being couple families without children. The presence of one-parent families, making up 20% of households, highlights the suburb's inclusive nature. Rosebud's community is enriched by its local amenities, including shopping centers, parks, and recreational facilities, making it an appealing destination for those seeking a balanced and peaceful coastal lifestyle.
Rosebud infrastructure, key developments and investment opportunities
Rosebud is experiencing several developments that could impact its property market. The ongoing redevelopment of the Rosebud Hospital, part of Peninsula Health, is enhancing local healthcare facilities, potentially increasing the area's appeal to families and retirees. Additionally, the expansion of the industrial precinct off Boneo Road is creating new job opportunities, which could drive demand for housing in the area.
The town's education sector is also growing, with the Chisholm Institute of TAFE expanding its facilities, including specialist training for apprentice chefs and golf course maintenance. These developments, combined with Rosebud's attractive coastal location and existing amenities, are likely to sustain strong interest in the local property market. The recent name change of Rosebud West to Capel Sound may also contribute to changing perceptions and potentially influence property values in that area.
Rosebud rental market trends
The rental market in Rosebud has experienced steady growth, with house rents increasing 9.5% over the past year to $548 per week, while unit rents have risen 7.8% to $550 per week. With its appealing coastal lifestyle and ongoing development, Rosebud continues to attract both renters and investors seeking a balanced mix of affordability and potential for capital growth.
Suburbs near Rosebud
Some popular suburbs near Rosebud include: