DeeHwa, Aazar and Deltaberry, instead of bashing Point Cook, why don't you suggest to the OP what is the best place in Melbourne to buy for under 350K?
No point extolling the merit of buying in Toorak when what the OP is looking for is under 350K.
I think it should have. My PM told me that it is easy to rent out IPs in Deer Park due to the bypass. She also told me rental demand is high in Point Cook as many people want to live there. There is no reason to doubt her words as she has first hand experience with renters.