With a capital gain of 4.23% for the last 12 months, Point Cook, 3030 has performed for property investments than its average annual 5.30% property growth over the last 5 years.
Across a shorter period, Point Cook, 3030 has seen a median price increase of -0.17% over the last quarter.
Point Cook3030 is located in VIC which offers an average discount of -6.14% to property investors. Point Cook itself is showing figures that indicate -6.93% is the average achievable by property buyers investing in the suburb.
Property investors should expect to get $420 weekly from the median priced house in this suburb.
Point Cook is an average performer in VIC when comparing median price capital growth over the last year. Point Cook gave property investors a good capital gain figure when compared to the rest of the state, with 3.81%.
A 37.58% growth in median value for property investors in Point Cook,3030 puts this suburb at number 200th in terms of best performing suburbs in VIC
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Point Cook, 3030. Typically our figures indicate that -7.07% is being offered, which puts this VIC suburb at 327th most discounted overall in Australia.
The VIC suburb of Point Cook, 3030 is in the Wyndham (C) local government area.
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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.