Project Sub Urban
Sandy beaches and family friendly: Investing in RosebudBeginning life as a fishing community named Banksia Point, Rosebud takes its name from a cargo vessel that was washed over onto the beach. Members of the community made off with the cargo and then slowly stripped the vessel for use in building houses in the area. The area then became known as “The Rosebud” which referenced the vessel’s name and eventually, as the ship finally disappeared, simply Rosebud.
Rosebud is about 60 km south of Melbourne CBD, between the other seaside towns of Dromana and Rye. The Monash Freeway and EastLink make access fairly easy; the trip usually takes around 75 minutes.
Early developers attempted to market Rosebud as an English-style seaside resort, with minimal success and the area grew slowly. During the 1930s and 40s Rosebud became a popular summer holiday destination, with people using the foreshore area for camping – a cheaper alternative to hotels or guesthouses. With end of World War II, this became even more popular as more and more people owned cars. This grew into a tradition that continues to this day, and many Melburnians have fond memories of a Christmas/New Year holiday spent in Rosebud. In fact, during the summer months the population of Rosebud can double in size.
The Peninsula is known for its markets and Rosebud plays its part in this with three separate markets held at various times throughout each month. The Rosebud Community School Market is held on the second Saturday of the month, the Rosebud Lions Club Market on the first Sunday of the month and the Rosebud Trash ‘n’ Treasure Market is held in months which have a fifth Saturday. The markets mainly focus on craft and vintage items, but there is also plenty of fresh produce form the local farmers.
The area is serviced by three public bus routes, including route 788, which travels to Rosebud on its way to Portsea. The bus line begins and ends at Frankston Railway Station, providing access to suburban Melbourne.
With its long history, Rosebud housing offers a variety of architectural styles; 1950’s timber and 1960’s brick veneer sit next to modern, brand new developments. Some properties on the outskirts of the suburb still offer quarter & half acre blocks.
Rosebud is perfect for families offering a wide range of shopping and excellent local schools. There are two major shopping centres that include major supermarkets and chain stores along with numerous specialty shops. There is both primary and secondary schools and Padua College, a Catholic secondary school, has its own 7-10 campus in Rosebud.
The median price for a 2-bedroom unit is a little over $460,000*, making Rosebud a great place for investment. Access to facilities for all age groups, a cinema and other entertainment and a wonderful community make Rosebud an attractive area .
With its leafy environment and beach access, Rosebud is one of the most liveable areas around and could be the perfect spot for your next investment. For more information about Rosebud and other areas in and around Melbourne, contact Accrue Real Estate
*realestate.com.au, data from July 30, 2018.
Image attribution: By bradmcs (Rosebud Pier At Night taken on an Olympus digital camera) https://www.flickr.com/photos/28566715@N06/14158288764; no modifications
Contact Accrue Real Estate to learn more about Pascoe Vale and other Melbourne property investment opportunities.