Suburb Profile Report for Point Cook VIC (3030)

Point Cook House: Median price $650,000, Annual capital growth 4.65%, Number of sales 838, Weekly median advertised rent $400

Point Cook Unit: Median price $467,500, Annual capital growth 4.33%, Number of sales 84, Weekly median advertised rent $380

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Sep 2020 as supplied by CoreLogic. Data is reported to the period ending Jun 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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Property value increases in Point Cook have tracked just lower than the VIC average of 6.30% over the last 12 months.

A 51.16% growth in median value for property investors in Point Cook,3030 puts this suburb at number 479th in terms of best performing suburbs in VIC

Property buyers and investors in Point Cook 3030 should be seeing an average reduction in asking price of around -4.60% . This means that Point Cook is holding prices well when compared to other suburbs in VIC.

A $400 per week rent on the median house gives suburb investors a gross yield of circa 3.20%, without taking into account capital value appreciation, which has been averaging out at 4.65%.

At number 701th in the list of Australian suburbs ordered by increase in median house value over the last year, Point Cook, 3030 is in the top half with a property value increase of 2.75% recorded in median house prices.

If we look at median property appreciation over just the last three months, Point Cook has given property investors a paper return of -0.53%. This puts Suburb as 279 on a list of fastest fasting appreciating suburbs in VIC

Point Cook, 3030 is offering VIC ‘s 151th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this VIC.

A $380 per week rent on the median house gives suburb investors a gross yield of circa 4.23%, without taking into account capital value appreciation, which has been averaging out at 4.33%.

Information supplied by:


March 2018

M
O

W
E

House stock drops in RAAF base

Postcode: 3030

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.

Metrics i HOUSE UNIT
$650,000 $467,500
0.00% -0.53%
3.17% 2.75%
4.65% 4.33%
$400 $380
838 84
3.20% 4.23%
60.2921348314607 59.3928571428572

Source: Monthly data update for Sep 2020 as supplied by CoreLogic. Data is reported to the period ending Jun 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (H), Good (U)
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Demographics
Total population 32413
Median household income ($/weekly) 1986
Median age of persons 31
Median housing loan repayment ($/monthly) 2200
Average household size 3.1
  • Census Count Percent(%)
    0-4 years 4095 12.6
    5-14 years 5111 15.8
    25-34 years 7099 21.9
    35-44 years 7174 22.1
    45-54 years 3320 10.2
    Others 5614 17.3
    Age Group
    Census Count Percent(%)
    Registered Married 13831 63.0
    Not Married 5992 27.3
    Defacto Relationship 2130 9.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 17647 56.4
    Croatia 1425 4.6
    Indonesia 1839 5.9
    United Kingdom 1648 5.3
    Other 1972 6.3
    Others 6735 21.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 1419 4.7
    Christianity 17609 58.2
    Hinduism 1998 6.6
    Islam 1392 4.6
    No Religion 7319 24.2
    Others 514 1.7
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 733 7.9
    $1,500-$1,999 1517 16.3
    $2,000-$2,499 1347 14.5
    $2,500-$2,999 1502 16.1
    $3,000-$3,499 841 9.0
    Others 3369 36.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 11814 52.7
    Not in the labour force 4988 22.3
    Employed, worked part-time 3758 16.8
    Employed, away from work 955 4.3
    Unemployed, looking for work 890 4.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 2554 15.5
    Professionals 4382 26.5
    Technicians & trades workers 1839 11.1
    Clerical & administrative workers 2736 16.6
    Sales 1507 9.1
    Others 3510 21.2
    Occupation
    Census Count Percent(%)
    Pre-school 845 9.9
    Infants/Primary 3537 41.5
    Secondary 1872 21.9
    Technical or Further Educational Institution 547 6.4
    University or other Tertiary Institutions 1354 15.9
    Others 375 4.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 29154 93.5
    Semi-detached, row or terrace house, townhouse 1634 5.2
    Flat, unit or apartment 398 1.3
    House or flat attached to a shop, office 6 0.0
    Caravan, cabin, houseboat 4 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 6260 62.3
    Rented 2512 25.0
    Fully owned 1233 12.3
    Other tenure type 48 0.5
    Tenure Type
Census 2011, ABS
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