Thinking about buying in Rosedale? Now could not be a better time, with just 452 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $434,000 with prices in this suburb ranging from $69,000 to $2,304,000. Rosedale is located fairly close to the coast at just 4Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
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Consistent high demand relative to supply is a key feature in Rosedale driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. Incomes in Rosedale are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The slightly lower than average earnings from occupations in Rosedale changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Lower than average population density constrains growth in Rosedale to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Rosedale the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
2056 princes hwy, rosedale, vic, 3847 | 4 | 2 | 8 | $1,298,000 |
Rosedale State School
Wartburg State School
(While the above schools are located with the suburb of Rosedale there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 1.0 | 13.8 | 26.9 | 41.6 | 92.3 | 4.7 | 24.2 |
Feb | 2.0 | 14.1 | 25.9 | 48.1 | 94.2 | 4.6 | 20.4 |
Mar | 1.4 | 12.3 | 24.1 | 47.7 | 94.1 | 4.2 | 16.0 |
Apr | 1.4 | 9.3 | 20.7 | 51.1 | 95.7 | 3.7 | 12.3 |
May | 1.3 | 6.1 | 17.7 | 53.1 | 94.6 | 3.9 | 8.8 |
Jun | 1.6 | 3.8 | 14.6 | 61.6 | 96.8 | 3.7 | 7.7 |
Jul | 1.3 | 3.8 | 14.6 | 55.1 | 94.9 | 4.3 | 8.0 |
Aug | 1.5 | 4.3 | 15.3 | 52.7 | 95.1 | 4.5 | 10.5 |
Sept | 1.3 | 5.4 | 18.2 | 46.5 | 95.7 | 4.6 | 14.8 |
Oct | 1.6 | 7.7 | 19.6 | 46.6 | 94.3 | 4.7 | 20.2 |
Nov | 2.2 | 10.2 | 22.1 | 45.4 | 93.9 | 4.9 | 22.8 |
Dec | 1.6 | 12.2 | 25.1 | 42.4 | 92.3 | 5.0 | 25.8 |
source: Australian Government Bureau of Meteorology
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