Districts
SuburbsBlogSearch
Sign inGet started
Districts
SuburbsBlogSearch
Sign inGet started

VIC › Point Cook › Fongeo Dr

10 Fongeo Dr, Point Cook VIC 3030

For saleHouse for Sale

$940,000–$980,000

For sale

Asking range

4

Bedrooms

2

Bathrooms

2

Car spaces

492 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $940,000–$980,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $940,000–$980,000(Listing record · 19 Aug 2026)
  • FactLand 492 m²; no building size recorded.(Property record)
  • CalculationAsk is 15% above the Point Cook median recorded sale ($815,000, n=113, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Point Cook's advertised median rent ($529/wk), implied gross yield would be 2.93% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

The ask against the evidence

Asking

$940,000–$980,000

Asking range · $1,911/m² of land

No recorded sale for this property.

Point Cook at a glance

72,239

People

$815,000

Median sale

$529/wk

Median rent

3.38%

Suburb gross yield

Median sale from 113 recorded sales (last 12 months) — a Districts calculation.

See the full Point Cook report →

Vs Point Cook

+15.3%

Median sale

Suburb $815,000

-0.45 pp

Gross yield

Suburb 3.38%

Suburb median $815,000 from 113 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$940,000
Stamp Duty (Victoria)
$51,470
Transfer/Registration Fee
$2,304
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$997,474

$57,474 on top of the price (6.1% extra)

  • Stamp Duty (Victoria)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Victoria schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Based on the low end of the asking range, not a contract price.

Pre-filled with Point Cook's advertised median rent — not a rent for this listing.

Net yield
1.43%
Annual cashflow (pre-tax)
$-35,472
Interest cover (DSCR)
0.27
Annual rent
$27,508
Operating expenses
$14,100
Loan amount
$752,000
Annual interest
$48,880
Gross yield
2.93%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$940,000–$980,000available19 Aug 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

VIC

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $529/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 2.9%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Point Cook in one glance

Point Cook at a glance

72,239

People

$815,000

Median sale

$529/wk

Median rent

3.38%

Suburb gross yield

Median sale from 113 recorded sales (last 12 months) — a Districts calculation.

See the full Point Cook report →

Keep researching

  • Why Point Cook? Read the area thesis →
  • What else is on the market in Point Cook →
  • Other records on Fongeo Dr →

Listing material

Listed by Reliance Real Estate Point Cook

Alamanda School Zone | Park-Facing Family Living on 492m²

Perfectly positioned opposite a beautiful park and within the sought-after Alamanda school zone, this well-maintained four-bedroom family home offers an outstanding combination of space, natural light, privacy and everyday comfort. Set on approximately 492m², the home is thoughtfully designed for growing or larger families, with four generous bedrooms, two bathrooms and two separate living areas.

Upon entry, you are welcomed by a spacious front living area complemented by plantation shutters, creating a warm and inviting first impression. The home flows through to a bright open-plan living and dining area, where abundant natural light enhances the sense of space and comfort. Tiled flooring throughout the main living areas provides a practical and easy-to-maintain finish, while all four bedrooms feature floorboards.

The modern kitchen is well-appointed for effortless family living, complete with a generous island bench, stainless steel appliances and ample storage. A practical laundry with linen cupboard adds further convenience, while ducted heating and cooling ensures year-round comfort throughout the home. Adding to the home's practicality and energy efficiency, two solar panels have been installed and have remained operational since the home was built, providing an additional benefit for everyday family living.

Read the full description

One of the home's standout features is its beautifully enclosed indoor-outdoor entertaining area, seamlessly extending onto a spacious backyard decking area. Whether you're hosting family and friends, relaxing with a morning coffee or enjoying outdoor living with the children, this versatile space provides the perfect setting throughout the year.

Step outside to the generous, flat and beautifully maintained backyard, offering plenty of room for children and pets to play, while providing an ideal space for outdoor entertaining. With a peaceful outlook across the park-like lawn and no direct neighbours opposite, the home enjoys a wonderful sense of openness, privacy and tranquillity.

Adding to its appeal is the home's convenient position within the Alamanda school zone, while being comfortably positioned away from the school itself. This allows families to enjoy the benefits of the highly sought-after school zone without being directly exposed to the peak-hour congestion, traffic and parking activity typically associated with school drop-offs and pick-ups.

Quietly positioned away from main roads, the home also benefits from nearby bus services, providing convenient access to local schools, shops, parks, amenities and broader transport connections.

Key Features:

- 4 spacious bedrooms with floorboards

- 2 bathrooms and double car garage

- Two separate living areas

- Bright open-plan living and dining

- Modern kitchen with generous island bench and stainless steel appliances

- Abundant natural light throughout

- Ducted heating and cooling

- Two operational solar panels, installed at the time of construction

- Tiled main living areas for easy maintenance

- Practical laundry with linen cupboard

- Spacious, flat and well-maintained backyard

- Beautifully enclosed indoor-outdoor entertaining area

- Spacious backyard decking area

- Ideal outdoor space for children, pets and entertaining

- Peaceful park outlook with no direct neighbours opposite

- Within the sought-after Alamanda school zone

- Conveniently positioned away from school drop-off and pick-up congestion

- Quiet position away from main roads

- Nearby bus services and established local amenities

- Approx. 492m² of land

- Directly opposite a beautiful park

Combining generous family proportions, beautiful indoor-outdoor living and a peaceful park-side outlook, this inviting residence presents an exceptional opportunity for families seeking comfort, privacy and convenience within the highly regarded Alamanda school zone.

Photo ID required for all inspections.

Please see the below link for an up-to-date copy of the Due Diligence Checklist:

http://www.consumer.vic.gov.au/duediligencechecklist

DISCLAIMER: All stated dimensions are approximate only. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent

*Images for illustrative purposes only*

Listing description written by Inder Vasu, Reliance Real Estate Point Cook — reproduced as published, not verified by Districts.

Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

Research

  • Property search
  • Suburb profiles
  • Blog
  • Calculators
  • Follow suburbs
  • Sign in

Learn

  • How we use data
  • What's covered
  • Questions
  • Who it's for
  • Access

Company

  • About
  • Contact
  • support@districts.com.au

Legal

  • Privacy
  • Terms

© 2026 Districts

districts.com.au

Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.