Powered by MOMENTUM MEDIA
Point Cook
AREA REPORTS

Point Cook

Point Cook - 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 $680,000.

The upward trend in home prices in POINT COOK, 3030 averaged 3.83% per annum over a 3-year period.

Average weekly rents on listings have reached the $400 mark, reflecting a 3.06% increase in returns based on the current median price in POINT COOK.

An average of 74.67 real estate transactions take place per month in POINT COOK which translates to 896 per annum.

896 properties were sold in POINT COOK in 2016, making it the 29th most active market in VIC based on total real estate transactions.

POINT COOK, 3030 places 467th in Australia based on median property value growth during the quarter.

Surburb overview

Point Cook real estate logged impressive gains in the past three to five years, thanks to increasing interest from property investors who were quick to pounce on the suburb’s potential. New developments are coming Point Cook’s way, hot on the heels of the record sales of units at a townhouse project. Community centres and facilities are being built to cater to its population, which has doubled in a decade and adds about 3,000 people every year. Residential projects are also in the pre-planning stages.

Community facilities and things to do

Home buyers see the suburb’s access to medical centres, academic institutions, restaurants, and retail and commercial hubs attractive. Point Cook is an hour’s drive from Melbourne’s central business district, and close to several points of interest. The suburb is home to the Royal Australian Air Force, and the Point Cook Coastal Park, which belongs to the Cheetham and Altona Important Bird Area. It is also a stone’s throw away from the Wyndham Harbour Marina in Werribee.

Properties within reach

The median price for houses for sale in Point Cook has swelled in the past year, though buyers should have no qualms about being priced out. There’s a lot of room for people entering Point Cook’s property market, even for first time home buyers.

Data report can be found below

Point Cook
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $680,000 $505,000
GROWTH REPORT
Median Quarterly 2.26% 1.51%
Median 12 month 4.62% 8.02%
Median 3 years 11.48% 15.03%
Median 5 years 42.81% 37.98%
10 years average annual 4.47% 3.64%
Weekly media advert. rent $400 $380
Time on Market 71.9 days 80.4 days
Gross Rental Yield Percent 3.06% 3.91%
demographics (median values)*
Total Population
100313
Weekly Household Income
1676
Household Size
3.00
Age
33
Monthly Loan Repayment
1800
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Get the latest news & updates

Join a community of over 100,000 property investors.

Check this box to receive podcast updates

Related Articles


Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.