It is what it says it is...a small local market on Rose street. Every Saturday, starting around 9am, people set up stalls and sell handmade jewelry, handmade clothing, paintings, photography, trinkets and more. There is usually a local band playing and you can get your self a coffee to walk around with. This is one of my favorite markets in Melbourne because of it's size and products. The pieces you'll find here are unique and not too pricey. You will also find a massage stand where seated massages are $30 for 30 minutes.
Some of my favorite stalls include: The guy who makes lounge chairs and rocking chairs from planks of weathered wood. The girl who sells hand-made skirts that are reversible. $40 each, double your value. The mini-cactus magnet stall. You'll also find friendly people who would just as happily share a chat with you. If you are in the area I would recommend checking it out. The market runs until about 4pm.