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AREA REPORTS

Point Cook

Suburb Profile

Point Cook - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3030

house
unit

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $640,000.

The upward trend in home prices in POINT COOK, 3030 averaged 8.5% per annum over a 3-year period.

Average weekly rents on listings have reached the $420 mark, reflecting a 3.41% increase in returns based on the current median price in POINT COOK.

An average of 76.58 real estate transactions take place per month in POINT COOK which translates to 919 per annum.

919 properties were sold in POINT COOK in 2016, making it the 25th most active market in VIC based on total real estate transactions.

POINT COOK, 3030 places 362nd in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $640,000 $480,000
GROWTH REPORT
Median Quarterly 1.23% 3.23%
Median 12 month 0.39% 7.02%
Median 3 years 25.49% 28.86%
Median 5 years 46.33% 36.36%
10 years average annual 4.78% 5.22%
Weekly media advert. rent $420 $400
Time on Market 67.0 days 68.9 days
Gross Rental Yield Percent 3.41% 4.33%
demographics (median values)
Total Population
14163
Weekly Household Income
1701
Household Size
3.10
demographics
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