Rosebud (postcode 3939) is a settled mid-to-large suburb in Victoria within the Mornington Peninsula local government area. With a population of 14,381, the suburb has a settled, mature resident base with a median age of 49. Households earn a median income of $62K 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, community & personal service. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Irish.
Median house prices in Rosebud stand at $690,000, having declined by 4.9% over the last twelve months. Units have a median price of $631,000 (-9.9% YoY). The median weekly rent is $350 (Census 2021). This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $1,755.
Rosebud is served by 4 schools, including 2 primary, 1 secondary, 1 special. The average ICSEA score is 991, which is around the national average of 1,000. Public transport access includes 30 bus stops. The crime rate in the Mornington Peninsula LGA is moderate at 7,089 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 2.6% (low yield). Property prices are near the state median ($690K/$875K). The price-to-income ratio of 11.2x is considered stretched. House prices have moved -4.9% 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.