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.
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