Mum and Dad buyers often pay attention to school performance ratings on websites like the my schools website and are likely to pay more to be near public schools with higher scores. Buyers who have kids or are planning to have kids will likely use this type of criteria as the most important part of their search.
The upshot: A school’s high rating often drives up the prices of homes in that school’s zone. Even if you don’t have kids, you’ll still pay more to be near a good school. Schools basically establish an area as a good location.
Real estate never comes with guarantees, of course. But it’s certain that parents will always want the best school they can afford for their kids. In markets good and bad, home buyers should think about resale when seriously considering a home. Buyers, before moving forward on a home, should immediately think like a seller. Ask yourself the question: “If the housing market changes and I need to sell, how will my home fare?” The location, and in particular the school zone, should be considered.
There is plenty of real-estate sales data to prove an increase in home prices within local school boundary zones. Taking into consideration local school geographical boundary at which they accept enrolments can be the biggest winner for capital growth of your property. School zones and their boundaries, even if you don’t have children, should be on every buyer’s radar.
What Our Buyer’s Agent Have To Say
Always choose to buy property close to the amenities such as public transport, major infrastructure and shopping centres. Schools are a major drawcard. It’s now common for families to rent a property in a specific school zone to get their child into a good school. So if you want a family with school-aged children to rent your investment, purchase a property near a school. How do you know which is a sort after school? Check out the government’s web site NAPLAN, It contains test scores for the national standardised tests, known as NAPLAN, and a wealth of information about schools around the country.