point cook

3030, Victoria

Real Estate & Property Information

Median
Price Rank
290

point cook Suburb Profile & Review

Birthplace of the Royal Australian Air Force, Point Cook has grown from a quiet rural area into a vibrant community full of families and retirees. Located less than half an hour south-west of Melbourne in the City of Wyndham, Point Cook is set on the coast of Port Phillip Bay. Much of the area is under development as it continues to expand. A new marina is currently under construction to the south-west, and it will feature a new beach and waterfront cafes and restaurants.

The Point Cook Town Centre has over 135 specialty shops, including a Coles, Aldi, Target, Harris Scarfe and Dick Smith. Sanctuary Lakes Shopping Centre houses banks, newsagents, cafes, hairdressers, accountants and medical facilities. The nearest railway stations are at Laverton and Aircraft on the Werribee line. Bus routes also travel from Point Cook to Werribee Plaza and Hoppers Crossing.

There are many well-regarded schools in the area, such as Emmanuel College Notre Dame Campus. Point Cook Coastal Park is an excellent spot for birdwatching, due to the expansive Cheetham Wetlands. Picnic facilities and walking trails are also available.

point cook Demographic Data

$ 450,000 Median House Price

29 Minutes Average Commute

31 Median Age

32,413 Population

49.66 % Female

50.34 % Male

9081 NO OF FAMILIES

1.8 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in point cook, Victoria.

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point cook Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

point cook Median House Prices

  • 2008 $ 362,000
  • 2009 $ 385,000
  • 2010 $ 399,900
  • 2011 $ 438,000
  • 2012 $ 450,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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point cook 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in point cook have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term point cook property price predictions.

point cook Market Property Types

  • 92 % Seperate House
  • 6 % Semi Detached
  • 2 % Flat or Unit
  • 0 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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point cook Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

point cook Income & Mortgage Stats

  • $ 1,986 Median Weekly Household Income
  • $ 2,200 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in point cook

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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point cook Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

point cook Sold Property Prices

point cook Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

point cook Related Local Blog Posts

Immigrants Are Pushing House Prices Higher

Much of Australia’s history and success has been built on the back immigration but are the current intake levels too high and how are they impacting prices?

Hangover Stock Brings About Buying Opportunities

This week Melbourne’s auction market has been tested with over 1200 properties reportedly going under the hammer over the weekend. Although both Domain and the REIV show clearance rates at nearly 70%, this on the surface seems good but in actual fact is 10% down for the same time last year. Speaking to a number of agents around town confirms….

Where is The Property Market Heading?

There has been a lot of “white noise” surrounding the Sydney and Melbourne property market over the last few months and it has taken me a while to determine which way things were actually going to go. Is the Australian property market heading down the gurgler or is this just a glitch?

Property Market Trends in Melbourne Which Could Affect Prices

In this final edition we look at what how the Melbourne property market has fared and what whether we are likely to see any changes in property prices, demand for property and economic drivers.

New Research Shows Consumers Who Don’t Own A Home Could Be Worse Off in Retirement

New Research released last week by Roy Morgan shows that people who don’t own a home have become worse off in terms of their net wealth and are jeopardising their retirement.

Is Australian Housing Heading for a Hard Landing or a Financial Cliff?

From my experience and talking with real estate agents the Melbourne market has softened no doubt, but are we heading towards a financial cliff?

point cook Restaurants

  • Tacos Panchos448/3 Main St point cook VIC 303003 9395 5746
  • Priya Indian Restaurant6 Murnong St point cook VIC 303003 9395 6644
  • Point Hook Fish'n'ChipsCnr Tom Roberts Pde and Boardwalk Blvdpoint cook VIC 303003 9395 7200

point cook Cafes

  • George's Chicken Cuisine4 Benson Drpoint cook VIC 303003 9395 7888
  • CocochineT131, 5 Murnong Streetpoint cook VIC 303003 9394 8628
  • Cafe EnigmaSanctuary Lakes Shopng Cntr Shp10/ Point Cook Rdpoint cook VIC 303003 9395 2194

point cook Schools

  • Emmanuel Notre Dame Campus2-40 Foxwood Drivepoint cook VIC 3030(03) 8325 5100Catholic Secondary School
  • Lumen Christi Primary School260-278 Point Cook Roadpoint cook VIC 3030(03) 9395 2555Catholic Primary School
  • Stella Maris Primary School54 -70 Innisfail Drivepoint cook VIC 3030(03) 9395 8411Catholic Primary School

point cook Childcare

  • ABC Learning Centre21 Lemongrass Cctpoint cook VIC 3030
  • Play and Learn CCCInnisfail Drpoint cook VIC 3030
  • Sanctuary Lakes Resort CCGreg Norman Drpoint cook VIC 3030

point cook Kindergarten and Preschools

  • ABC Learning Centre21 Lemongrass Cctpoint cook VIC 3030
  • Community Learning CentreCheetham Stpoint cook VIC 3030
  • Future KidsParadise Pdepoint cook VIC 3030

point cook Sporting Centres and Clubs

  • Sanctuary Lakespoint cook VIC 3030Golf Course
  • Point Cookpoint cook VIC 3030Tennis Club & Courts
  • Point Cook Skate Parkpoint cook VIC 3030Skate Park Facility

point cook Retirement Villages

  • Point Cook Villagepoint cook VIC 3030

Find out How Much your House is Worth in point cook

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