Market Updates

Point Cook Real Estate Market Update – February 2018!

Mar 05, 2018 admin
16 /  

Hey everyone, It’s Amar from Black & White Real Estate and welcome to our Point Cook Real Estate Market Update for February 2018.

Sales Update –

Last month we saw a total of 74 properties sold across Point Cook.That was a combination of Houses, Land and Units sold which brings the total number of sales over the last 12 months to 1329. That’s a really healthy number for Point Cook so year on year we’ve seen the average being around the 1200 – 1300 properties sold. The new number of listings were 129 properties that came onto the market for sale in the month of Feb. The median house price is $606,000 which has slightly retracted. It was previously sitting at $610,000, nothing to be alarmed about but it has slightly pulled back in terms of the median house price.

Rental Market Update –

In terms of the property management or rental space, the median rental is still at $410p/w. That number has not changed for a little while, which represents good value and that the rental market is fairly stable. The rental yield is currently sitting at 3.67%. There are a total of 1098 properties available for rent in Point Cook at this stage. That’s it for this months market wrap, if you do have any further questions, please feel free to get in touch. I look forward to seeing you guys in the next month’s market wrap. Thank you and bye for now!

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