Point Cook Real Estate Market Overview

Point Cook is a suburb in Melbourne, Victoria, located 25 km southwest of the city’s central business district. It is one of the fastest-growing areas in Australia, with a population of over 60,000 people as of 2016. Point Cook is known for its diverse and vibrant and kind community, its proximity to the coast and the city, its natural attractions such as the Point Cook Coastal Park and the RAAF Museum, and its modern amenities and facilities.



The area was named after John M. Cooke, a ship's mate on board H.M.S. Rattlesnake under Captain William Hobson, the ship charted part of Port Phillip Bay in 1836. Point Cook is a rapidly growing suburb, with an estimated population of 68,690 in 2022.

Location and Accessibility

Point Cook is located 20 km southwest of Melbourne and is accessible by car via the Princes Freeway and the Western Ring Road period. The nearest airport is Melbourne Airport, which is approximately 35 km away. The suburb is also serviced by several bus routes and the Williams Landing railway station

Point Cook Demographics

The median weekly household income is $2,000, and the median weekly rent is $371.According to the 2021 Census, the median age of Point Cook residents is 33 years old, and the average number of children per family is 1.8.

Housing Market

Point Cook offers a range of housing options, including apartments, townhouses, and detached houses. According to realestate.com.au, the median house price in Point Cook is $790,000, and the median unit price is $420,000

The house median price has grown by 2.13% in the last quarter, and the past year's increase was by 9.43%

If you check the latest listings and find, there have been 1051 houses sold in Point Cook in the past 12 months with a median sale price of $790K, up -3.2% annually. This statistics kept us stunned. 

Listings

There is plenty of real estate for sale in Point Cook with new properties and land lots becoming available every day. View the latest listings of houses, units, and land for sale in Point Cook on real estate agents' websites to find your ideal property. Whether you are looking to buy your first home, upgrade, downsize or invest in an income property, there are options for everyone.

 Properties and real estate for sale in Point Cook cater to a range of budgets and lifestyles, from affordable homes for young families to luxury estates. There are also rental properties available in the local area, if you are looking to rent a property in Point Cook before finding your ideal home to buy. Agents with knowledge can help guide you and ensure you find a home that suits your needs exactly, so contact the best real estate agents in Point Cook to see what is currently available for sale and for the best result.

Point Cook is a rapidly growing suburb, with several new developments underway. The suburb's growth is expected to continue, with an estimated population of 50,246 by 2020 and 52,649 by 2028. The Point Cook Town Centre is a major development in the area, which is expected to be completed by 2025.

Investment Opportunities

Point Cook has shown impressive gains in the past three to five years, thanks to increasing interest from property investors who were quick to pounce on the suburb’s potential

.The suburb offers a range of properties suitable for investors, including apartments, townhouses, and detached houses. According to realestate.com.au, the average price of a three-bedder in Point Cook is $720,000

The return on investment varies depending on the type of property and the location within the suburb.