VIC has seen average median house prices change by 9.37% which means that Point Cook, 3030 has done well for property investors by showing a capital gain of 4.69% over the last year
Across a shorter period, Point Cook, 3030 has seen a median price increase of 2.21% over the last quarter.
Point Cook3030 is located in VIC which offers an average discount of -4.44% to property investors. Point Cook itself is showing figures that indicate -4.83% is the average achievable by property buyers investing in the suburb.
Situated 21.36km from the CBD, Point Cook is one of Wyndham (C) localities in the postcode 3030.
Giving property investors a an average capital gain of 6.42% for the last year, Point Cook, 3030 is the 641th highest performer in Australia in this respect.
Across a shorter period, Point Cook, 3030 has seen a median price increase of -0.30% over the last quarter.
At number 124th of VIC’s most discounted properties, Point Cook is in the middle of the state/territory when listing in order of most discounted to least.
In the last year 77 properties changed hands in Point Cook, which puts it as the 93th most active market in VIC when comparing the number of sales per suburb.
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.