Top notch public schools have boosted property prices by hundreds of thousands of dollars, creating the next generation of premium real estate school zones.
Public school catchments are the defined geographic areas from which schools draw their student population, and families are competing for homes in popular catchments to be among the enrolment.
Property Buyer’s Agents principal Meighan Hetherington commented “By sending the children to a very strong state school, families could save somewhere in the vicinity of $40,000 to $120,000 per child over the seven-year course of that junior schooling.”
“Over three or four school-age children, it’s a really significant saving in school funding that they can then contribute to the house or private secondary schooling.”
Ms Hetherington said the difference in price between being in or out of a catchment could be huge. She said a good principal, stable teaching roster, excellent facilities and programs, strong community support and local cafe hub combined to create desirable districts.
Amoung her top tier picks, Ms Hetherington said Ironside State School was the most interesting.
“It aspirational and the housing prices around Ironside are well above the Brisbane median,” she said.
Kieran Clair (Courier Mail 14/10/17)