Suburb Profile Report for Point Cook VIC (3030)

Point Cook House: Median price $655,750, Annual capital growth 5.79%, Number of sales 726, Weekly median advertised rent $413

Point Cook Unit: Median price $465,000, Annual capital growth 3.89%, Number of sales 70, Weekly median advertised rent $370

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

With a capital gain of 11.14% for the last 12 months, Point Cook, 3030 has performed for property investments than its average annual 5.79% property growth over the last 5 years.

Comparing Point Cook,3030 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Point Cook, 3030 is offering VIC ‘s 408th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this VIC.

Point Cook is 280th on a list of best yielding suburbs for rents in VIC with a 3.27% return

Over the last year, property investments in Point Cook, 3030 have given investors a capital gain of 13.97%. This compares favourably with the 7.50% for VIC as a whole.

Across a shorter period, Point Cook, 3030 has seen a median price increase of 4.46% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that Point Cook is offering property investors an average of -4.65. This rate of discount on properties puts Suburb at number 156th in terms of most discounted suburbs in VIC

Situated 20.19km from the CBD, Point Cook is one of Wyndham localities in the postcode 3030.

Information supplied by:


March 2018

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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

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.

Close
Metrics i HOUSE UNIT
$655,750 $465,000
2.30% 4.46%
11.14% 13.97%
5.79% 3.89%
$413 $370
726 70
3.27% 4.14%
47.38 59.79

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
Find a mortgage broker in Point Cook VIC
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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Recent sales & rentals