Investment property in Point Cook has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 11.02%
Comparing Point Cook,3030 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Sellers are offering property buyers an average discount of -8.28% to buyers in Point Cook at the moment, which is less than average for the rest of VIC.
Using the current median advertised rental of $420 and the average annual increase in value of a median property of 5.64%, investors should hope to achieve an overall return of 3.33%
Investment property in Point Cook has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 9.17%
While Point Cook,3030 ranked number 157th in VIC for increase in median house value (annualised) increase, it is ranked 136th over the last 5 years.
Point Cook3030 is located in VIC which offers an average discount of -5.51% to property investors. Point Cook itself is showing figures that indicate -9.70% is the average achievable by property buyers investing in the suburb.
A $380 per week rent on the median house gives suburb investors a gross yield of circa 4.34%, without taking into account capital value appreciation, which has been averaging out at 3.86%.
The number of houses in the suburb of Point Cook plummeted from over a thousand in December 2016 to just 431 one year laterFull summary
Information supplied by:
House stock drops in RAAF base
Median house price: $600,000
Stock on market: -58.2%
12-month growth: 14.7%
The number of houses in the suburb of Point Cook plummeted from over a thousand in December 2016 to just 431 one year later.
Known as the birthplace of the RAAF, the suburb has recorded consistent increases in price over the most recent five-year period, culminating in a median house value of $600,000 as of December 2017. With houses on the market already selling quite quickly at just 29 days on the market, the drop in supply could heat up competition and amp up demand further.
Regarded as one of western Melbourne’s growth suburbs, Point Cook is home to several schools, including Point Cook College, the Notre Dame Campus of Emmanuel College and St Mary’s Catholic Primary School. Point Cook Town Centre is the main commercial hub, with many shops, supermarkets and dining establishments.Close