Point Cook lies 25km south west of Melbourne on the Mornington Peninsula. The birthplace of the Royal Australian Air Force and home to the RAAF museum, Point Cook was a sleepy suburb housing only 600 people just 20 years ago. Today the population is rising dramatically, predicted to top fifty thousand by the year 2020. Such rapid expansion has given rise to great rail links into the city and plans for a $440 million marina only a few kilometres to the south.
The accessibility of Point Cook makes it an ideal suburb for commuting to work in the city of Melbourne, whilst taking advantage of quiet residential living. With plenty of space for development, almost 85% of residential Point Cook real estate is detached homes, which contributes to a high median house price of around $500,000. The majority of residents in Point Cook own their home either outright or with a mortgage. With a low median age for residents compared to neighboring suburbs, and a high median household size, Point Cook is a well-established hub for young professionals with families.
Property Overview for Point Cook
As a relatively recently developed suburb, much of the Point Cook real estate is spacious and modern. Many houses for sale offer beautifully sleek designs in clean well-presented streets, ideal for families looking to make a home out of the city. From extensive house and land packages to brand new townhouse developments, those looking for peace and quiet with easy access to the bustle of Melbourne will find their slice of heaven in Point Cook.
With the development of the Wyndham marina set to bring more visitors to the area, Point Cook real estate is fast becoming an even more attractive investment for owner occupiers and investors. Sandwiched between the great surf beaches of Torquay, and the cultural buzz of Melbourne, whilst sitting on the beautiful Mornington Peninsula, there's little wonder Point Cook is a hot location to set up home.
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