By Alesha Capone
A new residential property record has been set in Point Cook with the sale of a house for $2.2 million.
The four-bedroom abode at 24 Coolum Street was recently sold for $2.2 million by Ravi Gupta and Meenu Mehndiratta from Reliance Real Estate Point Cook.
The previous house price record for Point Cook was set when 30 Constantine Drive sold for $1.55 million in September.
The area of Sanctuary Lakes, which shares the 3030 postcode with Point Cook, has a house price record of $3.2 million.
Number 24 Coolum Street, which has an indoor heated pool and three car-garage, is set on about 774 square metres of land.
While listed for sale, the dwelling recorded more than 7000 views online.
The owner of 24 Coolum Street originally purchased the property for $950,000 in March, 2015.
Mr Gupta said the house’s $2.2 million sale price had set “a benchmark” for Point Cook.
“This record sale indicates that Point Cook is becoming a suburb of choice where families see their long-term future,” he said.
Point Cook has also been named one of the top three suburbs in Melbourne for both affordability and liveability, in a new report published by PRD Real Estate.
Keilor East and Greensborough were the other two suburbs named in the Affordable and Liveable Property Guide.
The guide looked at suburbs located within 20 kilometres of Melbourne’s CBD, which had experienced at least 20 sales within 12 months in addition to positive price growth, higher rental yield than the city and an on-par or lower vacancy rate than the metropolitan area.
“Liveability” was defined as suburbs with low crime rates; a good availability of amenities within a five-kilometre radius such schools, green spaces, public transport, shopping centres and health care facilities; and an unemployment rate on-par or lower than the state average.
The guide said that Point Cook had experienced an annual median price property growth of 10.6 per cent, reaching a median house price of $702,000 in September.
Point Cook’s vacancy rate was 3.1 per cent and its unemployment rate was also 3.1 per cent.
