Point Cook is one of the state’s more populous suburbs in Victoria within the Wyndham local government area (postcode 3030). It is home to about 66,781 residents, with a blend of families and working-age professionals and a median age of 33. Households earn a median income of $124K per year, with an average household size of 3.2 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.7% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward professional services and healthcare. The top ancestries reported are Indian, English, Chinese.
Median house prices in Point Cook stand at $788,000, having ticked up by 1% over the last twelve months. Units have a median price of $550,000 (+3.6% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $2,115.
Point Cook is served by 10 schools, including 3 primary, 2 secondary, 5 combined. The average ICSEA score is 1075, which is above the national average of 1,000. Public transport access includes 122 bus stops. The crime rate in the Wyndham LGA is moderate at 7,001 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 3.3%, which reads as moderate yield. Property prices are near the state median ($788K/$875K). The price-to-income ratio of 6.3x is considered moderate. House prices have moved +1.0% year-on-year. Population growth of +3.7% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.