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VIC › Point Cook › Festival Dr

99 Festival Dr, Point Cook VIC 3030

For saleHouse for Sale

$1,580,000–$1,680,000

For sale

Asking range

5

Bedrooms

3

Bathrooms

2

Car spaces

525 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $1,580,000–$1,680,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $1,580,000–$1,680,000(Listing record · 9 July 2026)
  • FactLand 525 m²; no building size recorded.(Property record)
  • CalculationAsk is 94% 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 1.74% — 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

$1,580,000–$1,680,000

Asking range · $3,010/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

+93.9%

Median sale

Suburb $815,000

-1.64 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
$1,580,000
Stamp Duty (Victoria)
$86,900
Transfer/Registration Fee
$3,614
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
$1,674,214

$94,214 on top of the price (6.0% 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
0.24%
Annual cashflow (pre-tax)
$-78,352
Interest cover (DSCR)
0.05
Annual rent
$27,508
Operating expenses
$23,700
Loan amount
$1,264,000
Annual interest
$82,160
Gross yield
1.74%

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$1,580,000–$1,680,000available9 July 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 1.7%. 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 Festival Dr →

Listing material

Listed by Reliance Real Estate Point Cook

5 Bedrooms | 525sqm Corner Block | Dual Master Suites | Park-front in the Alamanda

Perfectly positioned on a premium 525sqm corner allotment directly opposite parkland and within the highly sought-after Alamanda School Zone, this impressive five-bedroom residence delivers the space, flexibility and lifestyle that growing and multi-generational families rarely find.

Built by JG King with steel frame construction, this home combines quality craftsmanship with an exceptional floorplan featuring two master suites, multiple living zones, high ceilings and premium finishes throughout. Whether you're entertaining guests, accommodating extended family or simply looking for room to grow, every detail has been designed with modern family living in mind.

Step inside and you're welcomed by soaring ceilings, elegant feature lighting, quality European tiles and an abundance of natural light. The versatile layout offers a dedicated home theatre, formal dining room, expansive open-plan family and meals area, an upstairs retreat and a study nook, providing everyone in the family with their own space to relax, work or entertain.

Read the full description

At the heart of the home is a stunning chef's kitchen that is guaranteed to impress. Featuring stone benchtops, premium 2 Pac cabinetry, 900mm stainless steel appliances and an oversized butler's pantry, it offers the perfect balance of style, functionality and storage for everyday living and entertaining alike.

Designed with flexibility in mind, the home offers two generous master bedrooms. The ground floor master provides the ideal private retreat for parents, guests or extended family, while the upstairs master enjoys its own stylish ensuite, walk-in robe, additional built-in robe and a private balcony overlooking the beautiful parklands. Every remaining bedroom is fitted with its own walk-in robe, offering exceptional storage that families will truly appreciate.

Step outside to the covered alfresco where entertaining family and friends becomes effortless. The low-maintenance backyard allows you to spend more time enjoying the neighbouring parks, walking trails and family-friendly surroundings, and less time maintaining the garden.

Located just moments from Alamanda K-9 College, parks, childcare, public transport, Sanctuary Lakes Shopping Centre, cafés and easy freeway access, this is a location that continues to be one of Point Cook's most desirable places to call home.

Property Features:

- Premium 525sqm (approx.) corner allotment opposite Lincoln Heath Reserve and Leapfrog Park

- Coveted Alamanda School Zone location

- JG King steel frame construction

- Five spacious bedrooms, three bathrooms plus downstairs powder room

- Two master suites, ideal for multi-generational living

- Walk-in robes to every bedroom

- Multiple living areas including home theatre, formal dining, upstairs retreat and open-plan family living

- Designer kitchen with stone benchtops, 2 Pac cabinetry, oversized butler's pantry and 900mm stainless steel appliances

- High ceilings, European floor tiles, custom chandelier and feature pendant lighting

- Ducted heating and cooling

- Laundry chute and excellent storage throughout

- Double remote garage

- Covered alfresco with low-maintenance landscaped gardens – perfect for entertaining

- Minutes from Sanctuary Lakes Shopping Centre, public transport and freeway access to Melbourne CBD

This is more than just a home-it's one of the area's most complete family packages, offering an unbeatable combination of location, quality, space and lifestyle. Opportunities like this are incredibly rare, so don't miss your chance to secure one of Point Cook's finest family homes.

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.

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

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