How top school zones affect Melbourne property prices

Education influences investors across a broad range of demographics and data shows that it is now influencing property prices in greater Melbourne’s popular education catchments. School Melbourne

Education is a long-term consideration and, whether you are planning a family, have children already enrolled in school, or are an investor looking to attract long term, quality tenants, it may be beneficial to consider school catchment zones when you are determining suburbs of interest.

Domain’s 2016 School Zones Report overlaid property market data with school catchment zones, which demonstrated a significant trend in property market growth.

Glen Huntly Primary School catchment in Melbourne’s south-east saw an incredible 41.3% year-on-year growth (YOY) for property sales between 2015 and 2016, while Glenferrie Primary School (located in Hawthorn) catchment and Kerrimuir Primary School (located in Box Hill North) catchment saw a 35% and 34.4% increase respectively. 

ad_build_wealth

It is interesting to note that all three of these schools performed above average for National Assessment Program — Literacy and Numeracy (NAPLAN) in all assessment areas and across all grades for 2016.

There is a similar story for greater Melbourne’s secondary schools, with Charles La Trobe Secondary College (in MacLeod West) catchment achieving YOY growth of 31.9% between 2015 and 2016. University High School (in Parkville) catchment and Elwood College (in Elwood) catchments to the north and south of the city saw a 23.7% and 22.6% increase respectively.

The top growth primary school zones for greater Melbourne and YOY percentage growth are as follows:

  1. Glen Huntly Primary School — 43%                                      Melbourne Suburbs Proce
  2. Glenferrie Primary School — 35.0%
  3. Kerrimuir Primary School — 34.4%
  4. Albion Primary School — 29.4%
  5. Cockatoo Primary School — 28.2%
  6. Brunswick South Primary School — 27.2%
  7. Hurstbridge Primary School — 26.2%
  8. Brunswick South West Primary School — 25.0%
  9. Coburg Primary School — 21.9%
  10. Preston West Primary School — 21.9%.

The top growth secondary school zones for greater Melbourne and YOY percentage growth are as follows:

  1. Charles La Trobe Secondary College — 39% Melbourne Suburbs
  2. University High School — 23.7%
  3. Elwood College — 22.6%
  4. Kyneton Secondary College — 21.6%
  5. Malvern Central School — 20.7%
  6. Buckley Park College — 17.9%
  7. Elisabeth Murdoch College — 19%
  8. McKinnon Secondary College — 17.8%
  9. The Lakes at South Morang P-9 School — 17.4%
  10. Somerville Secondary College — 16.8%.

For a comprehensive list of the top growth school zones for greater Melbourne, visit Domain.

Metropole Property Home Buyers Enquiry
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.


Avatar for Property Update

About

is a Property Strategist with an accounting background and over 30 years’ Commercial Banking experience. She is a passionate property investor who enjoys helping her clients create wealth through property investment using Metropole’s strategic approach.
Visit www.MelbourneBuyersAgent.com.au


'How top school zones affect Melbourne property prices' have no comments

Be the first to comment this post!

Would you like to share your thoughts?

Your email address will not be published.
CAPTCHA Image

*


facebook
twitter
google
0
linkedin
0
email
Michael's Daily Insights

Join Michael Yardney's inner circle of daily subscribers.

NOTE: this daily service is a different subscription to our weekly newsletter so...

REGISTER NOW

Subscribe!