RESCU
  • Style
    • All
    • Beauty
    • Fashion
    • Home & Auto
    • Luxury & Travel
    • Resources
    • Sustainability

    The Anatomy Of Ageing

    Why You Need A Wardrobe Detox

    Finding Your Style Icon

    Why the Internet is Obsessed with Liquid Nose Jobs

    Gift Giving: How to Choose a Perfume

    • Beauty
    • Fashion
    • Home & Auto
    • Luxury & Travel
    • Sustainability
    • Resources
  • Substance
    • All
    • Food & Drink
    • Relationships
    • Resources
    • Reviews
    • Science & Innovation
    • Sustainability
    • Wellbeing

    Get Quality Sleep and Relieve Stress With These Exercises

    The Psychology of Enjoying Food Without The Guilt Plus A Recipe

    Could Mindful Breathing Change Your Life?

    Money Makes the World Go Round

    Recipes For Everyday Wellness

    • Wellbeing
    • Science & Innovation
    • Relationships
    • Food & Drink
    • Sustainability
    • Resources
    • Reviews
  • Success
    • All
    • Career & Tech
    • Inspirational Profiles
    • Money
    • Property
    • Resources
    • Sustainability

    How Covid Will Affect The Property Market in 2021

    An Accountant’s Essential Checklist for Setting Up a Side Hustle

    Money Makes the World Go Round

    How To Turn Your Passion Into A Business

    Your Moonology forecast for 2021

    • Money
    • Property
    • Inspirational Profiles
    • Career & Tech
    • Sustainability
    • Resources
  • Subscribe
  • About us
  • Rescu Me Academy
    • Courses
    • RESCU Me! Book
No Result
View All Result
  • Style
    • All
    • Beauty
    • Fashion
    • Home & Auto
    • Luxury & Travel
    • Resources
    • Sustainability

    The Anatomy Of Ageing

    Why You Need A Wardrobe Detox

    Finding Your Style Icon

    Why the Internet is Obsessed with Liquid Nose Jobs

    Gift Giving: How to Choose a Perfume

    • Beauty
    • Fashion
    • Home & Auto
    • Luxury & Travel
    • Sustainability
    • Resources
  • Substance
    • All
    • Food & Drink
    • Relationships
    • Resources
    • Reviews
    • Science & Innovation
    • Sustainability
    • Wellbeing

    Get Quality Sleep and Relieve Stress With These Exercises

    The Psychology of Enjoying Food Without The Guilt Plus A Recipe

    Could Mindful Breathing Change Your Life?

    Money Makes the World Go Round

    Recipes For Everyday Wellness

    • Wellbeing
    • Science & Innovation
    • Relationships
    • Food & Drink
    • Sustainability
    • Resources
    • Reviews
  • Success
    • All
    • Career & Tech
    • Inspirational Profiles
    • Money
    • Property
    • Resources
    • Sustainability

    How Covid Will Affect The Property Market in 2021

    An Accountant’s Essential Checklist for Setting Up a Side Hustle

    Money Makes the World Go Round

    How To Turn Your Passion Into A Business

    Your Moonology forecast for 2021

    • Money
    • Property
    • Inspirational Profiles
    • Career & Tech
    • Sustainability
    • Resources
  • Subscribe
  • About us
  • Rescu Me Academy
    • Courses
    • RESCU Me! Book
No Result
View All Result
RESCU
No Result
View All Result
Home Success Property

John McGrath

Real Estate Expert

More Kids In Public Schools Raises Property Prices

Reading Time: 3 minutes
Share on FacebookShare on TwitterShare on Pinterest

More parents are choosing to educate their children in government schools, which is a complete reversal of the 40-year trend towards private education, according to the latest Schools Report from the Australian Bureau of Statistics. This change began in 2015 and has been increasing since then.

The number of students staying through to Year 12 has also increased from 75% in 2006 to 84.3% in 2016, which means family home owners in prized school catchments are staying put longer.

So what does this mean for real estate? In short, a lot!

schools-property

The desirability of homes within the catchment zones of the best public schools has been growing across Australia.

A key factor was the introduction of the My School website launched in 2010, which provides directly comparable performance data for every public school based on NAPLAN results and other factors.

The ability to directly compare schools means family buyers can handpick a top public school for their kids and give them guaranteed entry by simply moving into the catchment zone.

Attending a top public school is also cheaper than a private school, so parents can save a lot of money going this route while also ensuring a good education for their kids.

On the ground, we are constantly meeting families who have a particular catchment zone in mind. Catchments are also a high priority for a rising number of Chinese buyers in Australia, with our high quality education often a key reason for them migrating here in the first place.

The effect of high quality schools on local property prices is highlighted in the latest Domain School Zones report, which show house price growth data by catchment zone rather than by suburb.

Let’s take a look at the Top 3 primary and secondary school catchment zones in our East Coast capital cities for 2016. 

Sydney’s Top School Catchment Zones by house price growth 2016

Primary schools

1. Neutral Bay Public School – house prices up 31.4% to a median $2.575 million
2. Woodport Public School – house prices up 27.2% to $738,000
3. Vaucluse Public School – house prices up 26.8% to $4.12 million

Secondary schools

1. Hunters Hill High School – house prices up 20% to $3.18 million
2. Rose Bay Secondary College – house prices up 19.9% to $3.1 million
3. Lake Macquarie High School – house prices up 18.8% to $463,150

Melbourne’s Top School Catchment Zones

Primary schools

1. Glen Huntly Primary School – house prices up 41.3% to $1,180,000
2. Glenferrie Primary School – house prices up 35% to $2,025,625
3. Kerrimuir Primary School – house prices up 34.4% to $1,183,000

Secondary schools

1. Charles La Trobe Secondary College – house prices up 31.9% to $950,000
2. University High School – house prices up 23.7% to $1,113,500
3. Elwood College – house prices up 22.6% to $1,511,000

Brisbane’s Top School Catchment Zones

Primary schools

1. Logan Reserve State School – house prices up 40% to $597,500
2. Broadbeach State School – house prices up 23.8% to $1,015,000
3. Sunnybank State School – house prices up 22% to $657,500

Secondary schools

1. Sunshine Beach State High School – house prices up 19.1% to $840,000
2. Sunnybank State High School – house prices up 14% to $610,000
3. Merrimac State High School – house prices up 12.3% to $870,000

Source: Domain’s School Zones Report

As you can see, the data clearly demonstrates the value of a school catchment, with house price growth in the top catchments well above the median growth for the corresponding capital city over the same time period.

Catchment zones are something all buyers should consider, as it appears that a premium is usually paid for houses in the best school areas.

Couples not intending to have kids or downsizers whose kids have left home might want to avoid top school catchments and instead look to suburbs just outside the catchment zone where houses can be tens of thousands of dollars cheaper.

The flipside is if you do buy in a top school zone – whether you make use of the school or not, you’ll probably enjoy a premium level of capital growth over time as well.

 

Follow John McGrath: Website | Facebook | Twitter

Want more advice for living a fabulous life? Follow us on Instagram or join the Rescu. community by tagging #liveyourfabuslouslife in IG posts.

 

Related Posts

Success

How Covid Will Affect The Property Market in 2021

Property

Australia’s Great Regional Relocation

Property

Has COVID-19 Changed Real Estate Forever ?

Money

How Local Property Markets Could Benefit from Federal Budget Infrastructure Spend

Money

Real Estate Report: Regional Hotspots Attracting Remote Workers

Money

What’s Keeping Property Prices Stable in Australia?

Property

Darren Palmer On Bathroom Renovations At Any Budget

Money

Tips for Property Buyers in the COVID-19 Era

Money

Federal Government’s Economic Stimulus Package, Explained

Load More

Rescu. TV

Currently Playing

Rescu. Me Academy

Instagram

This error message is only visible to WordPress admins

Error: No connected account.

Please go to the Instagram Feed settings page to connect an account.

Get fashion, beauty, finance, health and love advice from our experts.

Rescu.com.au is an online destination across multiple platforms for the modern woman who is ready to be her own success story. Expert advice, articles and resources to glow up or completely transform your Style, Substance and Success.
Through our deep dive content, clever how to’s, product review, resources including calculators and downloadable assets, and of course our expert panellists, we inform and support our reader to dial up the fabulous in every aspect of her life.

STYLE

SUBSTANCE

SUCCESS

SOCIETY

RESCU. ME ACADEMY

Follow us

  • About Us
  • Advertise With Us
  • Privacy & Terms

© 2020 Rescu. All Rights Reserved

RESCU
  • Style
    • Beauty
    • Fashion
    • Home & Auto
    • Luxury & Travel
    • Sustainability
    • Resources
  • Substance
    • Wellbeing
    • Science & Innovation
    • Relationships
    • Food & Drink
    • Sustainability
    • Resources
    • Reviews
  • Success
    • Money
    • Property
    • Inspirational Profiles
    • Career & Tech
    • Sustainability
    • Resources
  • Subscribe
  • About us
  • Rescu Me Academy
    • Courses
    • RESCU Me! Book

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist