The numbers, in plain English
To rent in Point Cook without housing stress, a household income of about $104,000/year keeps the rent of $600/week at or below 30% of gross income — the standard affordability benchmark. That rent is our modelled median (no bond data published for Point Cook yet). Check your income →
To buy the median home ($820,000) with a 20% deposit of $164k, repayments at 6.2% over 30 years come to about $4,018/month — comfortable on roughly $161,000/year under the same 30% rule. Saving that deposit at $1,500/month takes about 9.1 years, before stamp duty of $44k. Run your own loan →
That price is the real median of 767 house sales in Point Cook, published by the state land authority — not an estimate.
Compared to the rest of Victoria, Point Cook is more expensive to buy than 90% of the state's suburbs (state median $330k) and pricier to rent than 85% (state median $445/week). It sits roughly 22 km from the Melbourne CBD as the crow flies.
For investors, the median rent against the median price gives a gross rental yield of about 3.8% before costs. Net yield calculator →
Modelled medians, not valuations — every formula above is documented on our methodology page.
Affordability by income
$60k income
Rent (600/wk)
Over budget
Budget: $346/wk
Buy ($820k)
Repayments are a stretch
$3,933/mo · deposit in ~18.3yr
$90k income
Rent (600/wk)
Over budget
Budget: $519/wk
Buy ($820k)
Repayments are a stretch
$3,933/mo · deposit in ~12.2yr
$120k income
Rent (600/wk)
Affordable
Budget: $692/wk
Buy ($820k)
Repayments are a stretch
$3,933/mo · deposit in ~9.2yr
Based on 30% gross income rule for rent; 6% p.a. / 30-year P&I loan at 20% deposit for purchase; 15% savings rate for deposit timeline.
Upfront buying costs
| Purchase price | $820k |
| 20% deposit (no LMI) | $164k |
| Stamp duty (Victoria) | $44k |
| Stamp duty (first home buyer) | Same — check eligibility |
| Conveyancing (est.) | $1,500 – $3,000 |
| Building inspection (est.) | $400 – $700 |
| Total upfront (est.) | $211k |
Who lives here & what's nearby
Real figures for Point Cook — measured, not modelled.
How Point Cook compares
- Households here earn about 49% more than the typical Victoria suburb.
- Renter-heavy — 35% rent, against 21% across Victoria.
- Younger than average — a median age of 34 vs 46 statewide.
Demographics from the ABS 2021 Census; distances and school counts from OpenStreetMap. Comparisons are against the median suburb in Victoria. Suburb-level price trends aren't shown because no open source publishes them reliably yet — see our data sources.
Neighbourhood at a Glance
Indicative scores based on ABS Census data modelling. Always conduct your own research.
Government schemes that may apply
First Home Guarantee (FHBG)
Buy with as little as 5% deposit, no LMI. Up to 35,000 places/year nationwide.
Learn more →First Home Owner Grant (FHOG)
Victoria offers a grant for eligible first home buyers purchasing new builds. Amounts vary.
Learn more →First Home Super Saver (FHSS)
Save up to $50k inside super (taxed at 15% instead of marginal rate), then withdraw for a deposit.
Learn more →Stamp duty concessions
Most states offer full or partial stamp duty exemptions for first home buyers. VIC has its own thresholds.
Learn more →Similar suburbs in Victoria
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Rent data for Point Cook sourced from the ABS 2021 Census, scaled by rental CPI to current values. Calculations use 30% gross income rule, 20% deposit, 6% p.a. loan rate over 30 years. Not financial advice.