School catchment zones continue to be viable locations for capital growth, with many zones outperforming the suburbs they are in.
According to Domain’s School Zones report, almost half of government school catchment zones saw house prices rise faster than the suburb they are in, with most having up to 10% additional growth.
Based on the Australian Bureau of Statistics’ 2022 data, 64.5% of students were enrolled in government schools, highlighting the importance of school catchments when looking for a property to buy.
Across combined cities, 49% of primary and 48% of secondary school catchment zones managed to outperform the suburbs they are in last year.
In regional areas, 46% of primary and 100% of secondary school catchment zones outpaced their suburb counterparts in terms of price growth.
|
Share of school catchment zones outperforming their respective suburbs (%) |
||
|
City |
Primary |
Secondary |
|
Sydney |
46 |
44 |
|
Melbourne |
50 |
47 |
|
Brisbane |
54 |
47 |
|
Adelaide |
50 |
56 |
|
Perth |
46 |
56 |
|
Canberra |
52 |
50 |
|
Hobart |
57 |
82 |
Domain chief of research and economics Nicola Powell said geographical location of a property in relation to a school catchment zone is an important deciding factor for parents and investors.
“Queensland takes the lead with the majority of the highest-growth school catchment zones nationally,” she said.
In fact, Queensland takes the lead with the majority of the highest-growth school catchment zones nationally.
Of the top 10 primary school catchment zones, seven are from Queensland. The state also dominated the secondary school catchment zones, taking up nine spots in the top 10 performers.
Top 10 primary schools with highest annual growth
Top 10 secondary schools with highest annual growth
“While these areas have all experienced growth, most are well under their capital cities' median house prices bringing to light the impact of the past years’ cost of living environment,” Dr Powell said.
Smaller capital cities were able to show more resilience than Sydney and Melbourne, which are both leading Australia’s housing downturn.
“While the top school catchment zones in Sydney and Melbourne are spread across the cities, they largely favour growing areas that offer affordability, with the majority sitting below the overall median house price,” Dr Powell said.
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Photo by RODNAE Productions on Pexels.
