A good school zone can boost property values by up to 20 per cent, according to some valuers.
If a school has a high
rating, it will drive up the home prices in its school zone.
For investors, this can yield high rental
returns as well as capital growth.
Thanks to the
automatic school acceptance that results from residing in a particular
catchment area, competition for relevant properties can be fierce.
Time savings on
school commuting made possible by close proximity, are a huge factor when it
comes to demand.
Indeed, with constantly increasing traffic levels
and burgeoning lifestyle/career demands, living close to a school can be a
definitive game-changer.
It’s also not generally
recommended to make an investment based on a single factor like school zoning
alone.
Be sure that the property
has more going for it, because zones can always change along with school
reputations.
Only houses located on the
inside of boundary lines are considered to be in-zone, and zones may be
amended.
Finally, keep in mind that
if you want to successfully invest in a good school zone you’ll probably need
to be able to afford a larger family home to accommodate a growing family.
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Marlene Liontis
Wednesday, 5 June 2019
