All About Rosebud West, Mornington Peninsula, VIC, 3940

Rosebud West, now officially known as Capel Sound, is a charming coastal suburb located on the Mornington Peninsula in Victoria. The housing market in this area is characterized by a mix of traditional beach shacks and more modern developments, reflecting its evolution from a classic beachside community to a more diverse residential area. Over recent years, the suburb has seen a steady increase in property values, influenced by its appealing location near the sea and the ongoing demand for properties in Melbourne's outer suburbs. The median house prices have grown as more families and retirees look to settle in areas that offer both a relaxed lifestyle and proximity to Melbourne's bustling city life. The market tends to attract a range of buyers—from first-time homeowners to seasoned investors—interested in both permanent residences and holiday homes, given the area's popularity as a weekend getaway.

Living in Capel Sound offers a laid-back lifestyle with the added benefits of the natural beauty and recreational opportunities the Mornington Peninsula is known for. The suburb boasts access to pristine beaches, ideal for swimming, fishing, and water sports, alongside well-maintained parks and cycling paths that encourage an active, outdoor-oriented lifestyle. Local amenities include shopping precincts, cafes, and restaurants, providing residents with convenient access to daily necessities and leisure activities. There's a strong sense of community in Capel Sound, enhanced by local events and markets, which contribute to the area's warm and welcoming atmosphere. Its proximity to larger townships such as Rosebud and Rye means that more comprehensive services and entertainment options are just a short drive away, making it a desirable location for those seeking a blend of tranquility and connectivity.

Rosebud West Real Estate Market Outlook

Thinking about buying in Rosebud West? Now could not be a better time, with 4604 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $935,000 with prices in this suburb ranging from $349,000 to $5,873,000.

Consistent high demand relative to supply is a key feature in Rosebud West driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Rosebud West due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Rosebud West provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Rosebud West necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Rosebud West we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Rosebud West a better buying opportunity than it may have been in the past.

Instant Property Valuation

---

---

---

---

---

Public Transport

---

General Points of Interest

---

Nearby Suburbs

Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!