House prices in popular school zones soar as much as 46%

By:

House prices in some of Australia’s more popular school catchment areas have soared by as much as 46% over the past 12 months.

Parents 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 Domain Group.

Median House Price 300x159[1]

Domain’s 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 per cent 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.”

Demand in these school zone hotspots have skyrocketed as both property buyers and investors look to take advantage of climbing property prices in sought-after areas.

And there is even a mix of suburbs which made the list – from ritzy millionaire suburbs to the more affordable pockets in our cities most sought after areas.

Australia’s top 10 primary school zones for house price growth

school namestatemedianyoy
1Burraneer Bay Public SchoolNSW$2,100,000
+44.8%
View CatchmentsView
2Newport Public SchoolNSW$2,675,000
+43.0%
View CatchmentsView
3West End State SchoolQLD$1,325,000
+41.7%
View CatchmentsView
4Woy Woy Public SchoolNSW$870,000
+41.5%
View CatchmentsView
5Richmond Primary SchoolVIC$1,842,500
+39.6%
View CatchmentsView
6Kimberley Park State SchoolQLD$620,000
+38.2%
View CatchmentsView
7Kellyville Ridge Public SchoolNSW$1,377,500
+37.8%
View CatchmentsView
8Harbord Public SchoolNSW$3,050,000
+37.6%
View CatchmentsView
9Kincumber Public SchoolNSW$912,500
+36.9%
View CatchmentsView
10Heidelberg Primary SchoolVIC$1,510,000
+36.7%
View CatchmentsView
Source: Domain

Australia’s top 10 secondary school zones for house price growth

school namestatemedianyoy
1Barrenjoey High SchoolNSW$2,802,500
+45.0%
View CatchmentsView
2Eastern Hills Senior High SchoolWA$602,500
+41.8%
View CatchmentsView
3Cronulla High SchoolNSW$2,030,000
+40.0%
View CatchmentsView
4Kiara CollegeWA$417,500
+39.2%
View CatchmentsView
5Kogarah High SchoolNSW$1,300,000
+38.4%
View CatchmentsView
6Kincumber High SchoolNSW$1,175,000
+38.2%
View CatchmentsView
7Woolooware High SchoolNSW$1,610,000
+34.2%
View CatchmentsView
8Mosman High SchoolNSW$4,000,000
+33.3%
View CatchmentsView
9Diamond Valley CollegeVIC$990,000
+33.2%
View CatchmentsView
10Bayview Secondary CollegeTAS$447,500
+32.6%
View CatchmentsView
Source: Domain

School catchment areas have a huge influence on property prices

School SoneWhile sea views, idyllic streets and open spaces are sought after characteristics for home buyers and investors, school catchment areas are increasingly becoming an important factor when deciding where to purchase a new property.

The fact Domain’s report shows top 10 areas with median house prices spanning a variety of values, and spread across all of Australia’s major cities, shows how important education is for buyers shopping at all price points.

The data suggests certain school zone boundaries can have a significantly positive effect on house prices.

Sydney school catchment zones that have had the greatest annual house price growth

 

Sydney School Zones

Domain data suggests that Sydney school catchment zones can influence house price movement, and secondary schools have a slightly bigger impact.

“Secondary school catchment zones in Sydney had a bigger influence on house prices than primary school catchment zones, a reverse trend compared to last year, indicating private school fees have weighed on household budgets at a time of escalating house prices, weak wages growth and economic uncertainty of the past year,” commented Dr Nicola Powell.

Melbourne school zones that have had the greatest annual house price growth

Melbourne School Zones

“Public school zones can influence property decisions and impact house price movement.

Like Sydney, secondary school zones in Melbourne appear to have had a slightly bigger impact compared to primary school zones.

This trend has reversed compared to last year, indicating at a time of escalating house prices Melbournians could be facing financial hurdles when looking to invest in particular school zones,” said Dr Nicola Powell.

Brisbane school catchments that have had the greatest annual house price growth

Brisbane School Zones

And it’s much the same in Brisbane where the boundary of a public school catchment is often a critical factor when it comes to purchasing a family home.

In Brisbane, secondary school catchments also appear to have a more positive impact on house price growth compared to primary school catchments.

“School catchment zones are paramount for parents when it comes to purchasing a family home.

In Brisbane, secondary school catchments zones appear to have a more positive impact on house price growth, as a larger portion are outpacing the suburb, they are in.

While the top school catchments were dotted across Greater Brisbane and a variety of different price points, affordable outer locations dominated the list,” commented Dr Nicola Powell.

Adelaide school catchment areas that have had the greatest annual house price growth

Adelaide School Zones

“School catchment areas can have a positive impact on house prices and this begins with primary education choice for families in Adelaide.

Some school catchment areas in the same suburb or postcode varied in the pace of price movement, highlighting the effect particular school catchment areas can have on property prices,” commented Dr Nicola Powell.

Perth school intake areas that have had the greatest annual house price growth

Perth School Zones

“We saw that in Perth, house price growth vastly varied with neighbouring local school intake areas providing contrasting outcomes for homeowners.

Some school intake areas in the same postcode or suburb varied in the pace or direction of price movement,” commented Dr. Nicola Powell.

Hobart school local intake areas that have had the greatest annual house price growth

Hobart School Zones

“Hobart has recorded soaring house prices in recent years. Unsurprisingly, all of the primary and secondary school intake areas analysed recorded positive annual house price growth,” commented Dr. Nicola Powell.

Canberra school priority enrolment area that have had the greatest annual house price growth

Canberra Schools

“There were nine primary and two secondary school priority enrolment areas that have outperformed the suburb price growth, with Belconnen and Tuggeranong weighing heavily in this list, two districts that are renowned for offering affordable houses.

Families vying to get into certain schools will find that house prices have climbed at a greater rate than the suburb they’re located in, suggesting the positive influence enrolment areas have had on house price growth,” commented Dr. Nicola Powell.

Darwin school priority enrolment area that have had the greatest annual average house price growth

Darwin School Zones

“Darwin house prices have made a strong recovery reaching the highest point in four years.

This includes tremendous performance across school priority enrolment areas, with 88% of primary and all secondary priority enrolment areas analysed seeing house prices rise over the past year,” commented Dr Nicola Powell.

A full list of Domain Group’s 2021 School Zones Report for each capital city across Australia can be accessed here.

icon-podcast-large

Subscribe & don’t miss a single episode of Michael Yardney’s podcast

Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.

Need help listening to Michael Yardney’s podcast from your phone or tablet?

We have created easy to follow instructions for you whether you're on iPhone / iPad or an Android device.

icon-email-large

Prefer to subscribe via email?

Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.


About

Brett Warren is Director of Metropole Properties Brisbane and uses his 13 plus years property investment experience to advise clients how to grow, protect and pass on their build their wealth through property. Visit: Metropole Brisbane


'House prices in popular school zones soar as much as 46%' have 2 comments

    Avatar for Brett Warren

    October 26, 2021 Peter

    Popular School Zones- I wonder if you have any information about Matthew Pearce Primary in Baulkham Hills. Surrounding properties seem to sell themselves

    Reply

      October 26, 2021 Michael Yardney

      Peter – we’re in the middle of a property boom – everything is selling quickly in Sydney with the average days on market around 3 weeks – see this article

      Reply


Would you like to share your thoughts?

Your email address will not be published.
CAPTCHA Image

*


Copyright © Michael Yardney’s Property Investment Update Important Information
Content Marketing by GridConcepts