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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 $650,000.

The upward trend in home prices in POINT COOK, 3030 averaged 5.71% per annum over a 3-year period.

Average weekly rents on listings have reached the $400 mark, reflecting a 3.2% increase in returns based on the current median price in POINT COOK.

An average of 69.17 real estate transactions take place per month in POINT COOK which translates to 830 per annum.

830 properties were sold in POINT COOK in 2016, making it the 61st most active market in VIC based on total real estate transactions.

POINT COOK, 3030 places 426th 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 $650,000 $471,250
GROWTH REPORT
Median Quarterly 0.78% -1.82%
Median 12 month 3.5% 3.57%
Median 3 years 17.12% 16.07%
Median 5 years 48.74% 27.36%
10 years average annual 4.52% 4.12%
Weekly media advert. rent $400 $380
Time on Market 59.5 days 62.9 days
Gross Rental Yield Percent 3.2% 4.19%
demographics (median values)
Total Population
14163
Weekly Household Income
1701
Household Size
3.10
demographics
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