Point Cook House: Median price $490,000, Annual capital growth 3.96%, Number of sales 1172, Weekly median advertised rent $390.
Point Cook Unit: Median price $355,000, Annual capital growth 2.29%, Number of sales 43, Weekly median advertised rent $340
House value increases in Point Cook have tracked close to the VIC average of 6.56% over the last 12 months.
Point Cook, 3030 has offered an average of 8.65% return per annum in house price rises to property investors over the last three years.
Our latest figures would indicate that property sellers in Point Cook are currently offering property investors an average price cut of -5.58% below the asking price at the moment.
In the last year 1172 properties changed hands in Point Cook, which puts it as the 1st most active market in VIC when comparing the number of sales per suburb.
Using the current median advertised rental of $390 and the average annual increase in value of a median property of 3.96%, investors should hope to achieve an overall return of 4.14%
|Average Annual Growth||3.96%||2.29%|
|Weekly Median Advertised Rent||$390||$340|
|Number of Sales||1172||43|
|Gross Rental Yield||4.14%||4.98%|
|Days on market||75.99||106.56|
Source: Property Value by CoreLogic.