Here are some key things to know about the Point Cook real estate market: Point Cook is a popular suburb located about 30 km southwest of Melbourne CBD. It has experienced significant population and housing development over the past 20+ years. The median house price in Point Cook is currently around $700,000. Unit/apartment prices are generally lower, with a median of $500,000-$550,000. Property types available include freestanding houses, townhouses, units, and vacant land. Houses range from older brick homes to large new estates with designer facades. Developers like Stockland, Lendlease and AVID have built large master planned communities in Point Cook, offering a variety of house and land packages.