Point Cook

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A four bedroom two bathroom Point Cook, VIC home sold for $568,000.
Located at <a href="https://www.realestate.com.au/sold/property-house-vic-point+cook-129314750" target="_blank">19 Seacoast Street, Point Cook</a> it is minutes from Point Cook Coastal Park. 
The single level home was marketed by LJ hooker.
Featuring a modern kitchen and formal lounge room, the home is set on 400 sqm.
Located in the master-planned Saltwater Coast Estate the home first sold for $279,000 in 2013.
The home has been listed for rent between $360 and $370 a week since its purchase in 2013.
The median house price for <a href="https://www.urban.com.au/news/10583-point-cook-vic" target="_blank">Point Cook</a> is $647,000 according to CoreLogic.
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Four bedroom Point Cook home sold by mortgagees

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ASIC has applied to the Federal Court of Australia for the appointment of provisional liquidators to Aviation 3030 Pty Ltd (Aviation) related to that company’s operation of a property investment scheme involving 98 hectares of land at Point Cook, Victoria.
ASIC’s application has been listed for hearing in the Federal Court of Australia in Melbourne on 27 September 2018.
ASIC is seeking:
<ul>
<li>the appointment of George Georges and John Lindholm of Ferrier Hodgson as provisional liquidators of Aviation; and</li>
<li>orders requiring the provisional liquidators to provide a report to the court which sets out, among other things, the identity of Aviation investors (which includes shareholders and unitholders), the financial position of Aviation, and an opinion as to the validity of the issue of 63% of shares in Aviation to a director and former director.</li>
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The grounds of ASIC’s application include that:
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<li>there is a justifiable lack of confidence in Aviation’s management;</li>
<li>Aviation issued shares without a prospectus when one was required; and</li>
<li>the Aviation scheme is an unregistered managed investment scheme which was required to be registered with ASIC.</li>
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Once the provisional liquidators’ report has been provided to the Court, ASIC will consider whether it should seek orders from the Court for the winding up of Aviation and the managed investment scheme it operates through five separate trusts (the Aviation scheme). ASIC will also consider whether to seek orders to wind up all of the trustee companies involved in the Aviation scheme, each of which are controlled by Aviation directors, as follows:
1.      Aviation3030 Investment Pty Ltd
2.      Aviation3030 Holdings Pty Ltd
3.      Aviation 3030 Heng Ly Pty Ltd
4.      Point Cook Aviation3030 Pty Ltd
5.      Aviation 3030 HL Pty Ltd.
Aviation purchased property at Point Cook for $7.8 million in 2011 with a view to rezoning the property to increase the value of 756 Aviation Road. To facilitate the purchase and rezoning of the property, Aviation raised around $10.59 million from approximately 73 shareholders and unitholders. On 13 September 2012 the Aviation property was rezoned from Green Wedge Zone to Farming and appears to have significantly increased in value.
On 6 July 2018 Aviation entered into a contract for the sale of the land at Point Cook. This contract was formally terminated on 17 August 2018 and ASIC is not aware of there being any current sale contract.
ASIC has previously, in 2016, issued court proceedings against Aviation to limit the ability of Aviation to deal with the proceeds of the sale of the Aviation property, pending further disclosures being made to investors about a share issue in 2016 to companies owned by a director and former director, and an opportunity to obtain independent advice concerning their investments.
By agreement with ASIC, Aviation provided corrective disclosure to investors in September 2016 about the 2016 share issue to companies owned by a director and former director. The freezing order was vacated when it became apparent that the sale would not then proceed.
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ASIC moves on Aviation 3030's Point Cook rezoned property play

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Home buyers in Melbourne can now check out the latest offering from Burbank Homes, the double-storey Palladium 4600, at Point Cook.
“At 45.61 squares, the <a href="https://www.burbank.com.au/victoria/house-details/palladium-4600" target="_blank">Palladium 4600</a> is one of our biggest homes”, said Burbank’s managing director Jarrod Sanfilippo.
“The ground floor is dedicated to living and entertaining, with an L-shaped kitchen, meals and family area, plus an adjoining living area to maximise space. Then there’s the theatre room, study, powder room and alfresco.”
The first floor has four bedrooms, including a master suite and a rumpus for kids.
Palladium 4600 homes start from $324,900 and are located at The Address in Point Cook. 
The suburb had a population of more than 54,000, according to ABS data.
The median sale price of houses in Point Cook is $504,000 with a median price change of 12.06 percent over one year, data from <a href="https://www.propertyvalue.com.au" target="_blank">www.propertyvalue.com.au</a> shows. 
The gross median yield is 4 percent.
In 2006, median price for houses was around $340,000, RP data shows.
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Palladium homes at Melbourne's Point Cook unveiled

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A landmark property at Point Cook is for sale.
The Brook, located at <a href="https://www.realcommercial.com.au/property-retail-vic-point+cook-502176942" target="_blank">215-221 Sneydes Road</a>, has a 20 year lease to Geelong Football Club until 2029 with opportunities to increase it to 2059.
It has a fixed 3% annual rent increases with ‘ratchet’ provisions at market review ensuring guaranteed rental growth with a net income of $1,200,527 per annum and an attractive taxation depreciation benefits.
The Brook is 1.079 ha with 204 at grade car spaces and expensive triple street frontages of over 302 meters.
The property is an unrivalled high-traffic community services and commercial destination.
It is integrated with premium medical complex and meters from the busy Woolworths anchored Shopping Centre.
It features a modern hotel and gaming complex incorporating restaurant, function rooms, bistro, sports bar and gaming rooms with 84 EGM’s.
Recently the lessee has undertaken a significant capital upgrade with a growing population in the area.
Expressions of interest close December 8 through Burgess Rawson agents Shaun Venables and Adam Thomas.
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Point Cook property, The Brook, for sale

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Development Victoria’s latest residential development, the Rothelowman-designed CIRQ Point Cook townhouse project, has achieved more than 50 per cent sales, with nearly three quarters going to local buyers.
Development Victoria fast-tracked the release of the second collection of homes after the launch of stage one attracted strong interest. 
In its first weekend more than $11.5 million worth of homes sold in May. 
CIRQ Point Cook Stage Two featured 14 two and three-bedroom townhouses. 
Development Victoria’s general manager Development and Construction, Peter Southwell said the response to the project had been extremely strong. 
Southwell said the success of the project was a result of bringing the right type of products to the market at the right time, and ensuring easy access to the town centre and neighbouring wetlands. 
“Development Victoria has been involved in developing Point Cook since 1998,” he said. 
“We have facilitated the delivery of a range of different housing types that meet the needs of individuals and families, and improve affordability.” 
Paul Ciprian, director of Oliver Hume which is marketing the project, said the sales rush reinforced the demand for high quality architectural designs that combine proximity to amenity, livability, innovative design and light-filled spaces framing views to nature. 
“CIRQ residents will have access to Point Cook’s main retail and commercial centre, library, cycle paths, kindergarten and community centre, along with four schools and colleges and three childcare/early learning centres, which are all located within a few minutes’ walk of these great new homes,” Ciprian said.
Many locals have purchased with the view to downsize from an established home in Point Cook, the most popular dwellings being the townhouses fronting the park, which feature large windows and terraces out toward the wetlands and park.
The first release forms part of 104 new homes in the first medium-density housing project for Development Victoria, which launched in April 2017 as the Victorian Government’s new agency responsible for urban renewal and development and civic projects, following the merge of Places Victoria and Major Projects Victoria. 
CIRQ is located on the corner of Lawler Street and Murnong Street, Point Cook VIC, and the display suite is open daily from 11am-5pm 
CIRQ Point Cook features two, three and four bedroom townhouses, designed by architects Rothelowman.
CIRQ has also recently achieved the Silver Standard of Livable Housing Australia Guidelines certification.
The Silver Standard assesses developments on a range of performance levels and design standards, including accessibility and adaptability.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/09/11/IMG_0437.jpg" alt="">
A number of home designs at CIRQ meet these performance standards through its inclusion of appropriate front door width specifications, ground floor toilets, and bathroom designs that support long-term occupancy.
“Achieving Silver Standard certification for Point Cook highlights the quality and contemporary design standard of the homes on offer,” Mr Southwell said.
“The certification addresses important factors such as accessibility to help residents stay in these new homes in the long-term.” 
The CIRQ development is the first medium-density housing project for Development Victoria, which launched in April 2017 as the Victorian Government’s new agency responsible for urban renewal, property development and civic projects.For more information, visit <a href="http://cirq.com.au" target="_blank">cirq.com.au</a>.
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New homes in CIRQ Point Cook selling to local buyers

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A high end showroom and warehouse at Point Cook in Melbourne's south west has sold for $5,701,000.
The <a href="https://www.realcommercial.com.au/property-industrial+warehouse-vic-point+cook-502573714" target="_blank">Wallace Road property</a>, which was bought by a local investor, generated over 20 parties taking interest in the 3,150 sqm building.
The sale equated to $1,809 per sqm and a land rate of $1,046 per sqm for the 4,050 sqm site.
A high clearance warehouse spans 2020 sqm. There's a ground floor showroom of 560 sqm and first floor office of 570 sqm. 
The site with dual street access has 34 car spaces.
Craig McKellar and Robert Cubelic of CVA sold the commercial space.
 
 
 
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Point Cook showroom sells for over $5.7 million

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Victoria has the most auctions among the capital cities this weekend, according to CoreLogic's weekend auction preview.
Melbourne's Point Cook is the busiest suburb with 12 auctions scheduled, while Sydney's Dee Why is second with 11 auctions set.
A four bedroom house at Point Cook has been listed for sale with over $600,000 hopes. 
The <a href="https://www.realestate.com.au/property-house-vic-point+cook-127257018" target="_blank">35 Martaban Crescent</a>  (pictured below) home has been scheduled for February 10.
It comes with four bedrooms, double remote garage and a north-facing rear garden.
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Another auction is a three bedroom terrace in Point Cook, which also has been scheduled for February 10 auction.
Located at <a href="https://www.realestate.com.au/property-house-vic-point+cook-127306386" target="_blank">42 Middleton Drive </a> (pictured below), this house has uninterrupted views of the parkland.
It has three bedrooms, an open plan kitchen and a remote control double car garage.
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The combined capital cities are set to see a notable increase in activity over the week, with 1,371 properties scheduled to go to auction, this is an increase of 74 per cent on last week when only 790 auctions were held coming out of the holiday period slowdown.
When compared to last year, volumes are expected to be lower this week than the 1,591 auctions held over the corresponding week last year.
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The number of scheduled auctions across Sydney is set to be lower than results from one year ago (640), with 481 auctions scheduled to take place this week which is over double the volume of auctions held last week (216). 
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The numbers are still low for Sydney however, who have nearly <a href="https://www.urban.com.au/expert-insights/buying/80330-sydney-s-2018-listings-hangover-from-unsold-2017-listings" target="_blank">21 percent more listings</a> now than they had this time last year.
The harbour capital is at least heading in the right direction to shift some of its 2017 unsold stock.
 
 
 
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Across Melbourne, Australia’s other major market, the number of properties scheduled to go to auction this week increased to 575, up from last week’s 292, and only slightly lower than final figures one year ago (556).
 
Across the smaller markets, the number of scheduled auctions has increased over the week in Brisbane, Canberra, Perth and Tasmania, while volumes in Adelaide have decreased over the week. 
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Last week, the combined capital cities returned a final auction clearance rate of 62 per cent across 790 auctions, with both clearance rate and volumes recording lower than last year when 68.8 per cent of the 881 auctions cleared.
The two strongest auction markets in terms of clearance rate last week were Melbourne and Adelaide, with both cities recording a 70.2 per cent rate of clearance. Followed by Canberra (62.2 per cent) and Sydney (57.1 per cent), while Brisbane, Perth and Tasmania all recorded clearance rates at or below 50 per cent.
It is expected that auction volumes will returned to normal levels in the coming weeks and a true reading of auction market conditions can be established.
Outside of the capital city markets, Geelong returned a final clearance rate of 88.9 per cent across 20 auctions. While the Gold Coast recorded the highest volume of auctions with 96 held, however only 46.9 per cent were successful. 
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Point Cook ranks as busiest weekend auction suburb

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A Point Cook three bedroom house with views across the wetlands was listed for $660,000 by mortgagees.
It was offered by Paul Caine and Mac Naidoo from LJ Hoober and came under contract a few days into august.
It was last sold in 2009 for $220,000.
Situated in the highly sought after Featherbrook Estate, <a href="https://www.realestate.com.au/property-house-vic-point+cook-128591606" target="_blank">295 Boardwalk Boulevard</a> consists of three spacious bedrooms, separate study, entertainer's kitchen, sun drenched living zones and undercover alfresco area.
Additional features include a remote control double garage with internal access, downstairs powder room, landscaped gardens, and separate laundry.
Located about 22km from Melbourne's CBD, it has close proximity to parklands, wetlands, Pinnacle Medical Centre and pharmacy, and Freatherbrook Shopping Centre.  
The suburb's median house price sits at<a href="https://www.urban.com.au/property-observer" target="_blank"> $642,000</a>, according to CoreLogic. 
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A Point Cook three bedroom house with wetland views was listed by mortgagees

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The mortgagee has listed a brand new Point Cook, Victorian home for auction with a price guide of $600,000 to $650,000.
The house is set for a February 23 auction.
Located at <a href="https://www.realestate.com.au/property-house-vic-point+cook-130344694" target="_blank">12 Bayrise Road</a> the residence is situated inside the Saltwater Coast estate.
Warren Hulstaert and Henry Sun of Century 21 hold the listing.
Set on 400 sqm, the land was last sold in November 2015 for $265,500 after being listed in mid 2015 for $469,500.
DA approval was secured in 2017 for a $250,000 build. 
The four bedroom two bathroom house features, ducted heating, split system downstairs living and master bedroom, roller blinds and room for side access for a boat or caravan.
It is positioned minutes fromr schools, shopping centres, medical centres, public transport and Crocodile Park.
There is a future neighborhood shopping centre with specialty shops is under construction nearby and the Saltwater P-9 College has begun it's first year.
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The median price for a home in <a href="https://www.urban.com.au/property-observer" target="_blank">Point Cook</a> is $650,000 according to CoreLogic, which calculate its annual change in median price over the past 10 years as 5.4%.
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Brand new Saltwater Coast, Point Cook home listed by mortgagee

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Sid Morgan, the Hills district estate agent shot in the face in Melbourne, remains on life support.
The update was advised by prosecutors during a court appearance yesterday by two Irishmen charged with his attempted murder.
Prosecutors said Mr Morgan is on life support but defence lawyers claim the description of his condition could be an “exaggeration’’.
Prosecutors in Melbourne Magistrates Court said Sid Morgan remains in an induced coma.
Mark Dixon, 30, and Jack Harvey, 26, were arrested in NSW near Byron Bay last Wednesday over the Point Cook shooting on February 21.
Dixon and Harvey were extradited to Victoria.
Both have been charged with attempting to murder Mr Morgan, 53, in the middle of a street after an argument in the western Melbourne suburb.
 
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