House prices in some of Australia’s more popular school catchment
areas have soared by as much as 46% over the past 12 months.
are paying a premium for homes in locations that make their children eligible
for enrolment in high-performing or popular government schools according to the 2021 School Zone Report by
chief of research Nicola Powell said the pandemic had helped supercharge school
catchment prices with flexible working allowing young families to relocate to
suburbs with easy access to beaches, parks, and schools.
"It’s astonishing to see that starting on a
high base of house prices, one-in-10 school catchment zones are achieving 10 to
20 percent more than the suburb they are located in,” Powell said.
We know that as part of the property decision-making process,
parents and investors consider the geographical location of a potential
property in relation to a school catchment zone.
When people are looking for a home, they’re
looking for a lifestyle, and education is a big part of that picture, be it in
the inner-city suburbs or the coastal regions of Australia.”
in these school zone hotspots have skyrocketed as both property
buyers and investors look to take advantage of climbing property prices in
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Friday, 1 October 2021