Australia’s top 10 school catchment areas for strongest house price growth

Australia’s top 10 school catchment areas for strongest house price growth

House prices in some of Australia’s school catchment areas have soared by as much as 35{c8b66c61d036f6ef577ebb4000d6f98acefd4039e69613ab9f29a3541d0a44dc} over the past 12 months.

While our property markets have been generally subdued this year, the top 10 primary and top 10 secondary school catchment zones nationwide all reported house price growth of at least 25{c8b66c61d036f6ef577ebb4000d6f98acefd4039e69613ab9f29a3541d0a44dc} year-on-year, a new 2020 School Zone Report by Domain Group reveals.

The report highlights school zones in Australia’s major cities where house prices increased the most in the past 12 year.

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.

Interestingly, the huge price hike comes amid a market where there is fierce buyer competition in the city’s key family hotspots as both home buyers and investors look for properties with access to certain primary and secondary schools.

What areas came out on top?

According to the data, the primary and secondary school catchment zones where prices jumped the most are surprisingly both in Western Australia’s Perth.

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The nationwide overview shows school zones in Sydney, Melbourne and Brisbane also placed within each of the top 10 lists.

Across Australia’s capital city markets, the school catchments with the biggest increase in house prices were spread across inner, middle and outer suburban locations, Domain’s report reveals.

At the top of the list for Australia’s primary school’s is Como Primary School in Perth which saw its house prices skyrocket an enormous 35.6{c8b66c61d036f6ef577ebb4000d6f98acefd4039e69613ab9f29a3541d0a44dc} to a new $901,750 median.

Among primary schools, the fastest house price rises were in the Como Primary School and Dudley Park Primary School catchment areas in Western Australia, which soared 35.6{c8b66c61d036f6ef577ebb4000d6f98acefd4039e69613ab9f29a3541d0a44dc} and 30.8{c8b66c61d036f6ef577ebb4000d6f98acefd4039e69613ab9f29a3541d0a44dc} respectively in 12 months.

The median house prices in both these areas are now reported to be $901,750 in the Como Primary’s School area and $276,000 in the Dudley Park Primary School catchment zone.

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

RANKINGSCHOOL NAMESTATEMEDIAN HOUSE PRICEYOY GROWTH
1Como Primary SchoolWA$901,750+35.6{c8b66c61d036f6ef577ebb4000d6f98acefd4039e69613ab9f29a3541d0a44dc}
2Dudley Park Primary SchoolWA$276,000+30.8{c8b66c61d036f6ef577ebb4000d6f98acefd4039e69613ab9f29a3541d0a44dc}
3Bald Hills State SchoolQLD$675,000+29.2{c8b66c61d036f6ef577ebb4000d6f98acefd4039e69613ab9f29a3541d0a44dc}
4Newport Public SchoolNSW$2,000,000+29{c8b66c61d036f6ef577ebb4000d6f98acefd4039e69613ab9f29a3541d0a44dc}
5Wynnum West State SchoolQLD$547,500+28.8{c8b66c61d036f6ef577ebb4000d6f98acefd4039e69613ab9f29a3541d0a44dc}
6Rainworth State SchoolQLD$1,150,000+27.8{c8b66c61d036f6ef577ebb4000d6f98acefd4039e69613ab9f29a3541d0a44dc}
7Elwood Primary SchoolVIC$1,730,000+27.2{c8b66c61d036f6ef577ebb4000d6f98acefd4039e69613ab9f29a3541d0a44dc}
8Ipswich Central State SchoolQLD$365,000+27{c8b66c61d036f6ef577ebb4000d6f98acefd4039e69613ab9f29a3541d0a44dc}
9Avalon Public SchoolNSW$2,562,500+26.5{c8b66c61d036f6ef577ebb4000d6f98acefd4039e69613ab9f29a3541d0a44dc}
10Cannon Hill State SchoolQLD$755,000+25.8{c8b66c61d036f6ef577ebb4000d6f98acefd4039e69613ab9f29a3541d0a44dc}

Source: Domain School Zones report 2020. Median sale price is based on 12 months of data to October.

For secondary schools, Western Australia topped the list again thanks to a 32.7{c8b66c61d036f6ef577ebb4000d6f98acefd4039e69613ab9f29a3541d0a44dc} increase in house prices in the Armadale Senior High School catchment zone.

The median house price in the area is $325,000.

Elsewhere in Sydney, Epping Boys High School ranked a very close second with houses in the area growing by 32.3{c8b66c61d036f6ef577ebb4000d6f98acefd4039e69613ab9f29a3541d0a44dc} to a $1.565 median.

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

RANKINGSCHOOL NAMESTATE`MEDIAN HOUSE PRICEYOY GROWTH
1Armadale Senior High SchoolWA$325,000+32.7{c8b66c61d036f6ef577ebb4000d6f98acefd4039e69613ab9f29a3541d0a44dc}
2Epping Boys High SchoolNSW$1,565,000+32.3{c8b66c61d036f6ef577ebb4000d6f98acefd4039e69613ab9f29a3541d0a44dc}
3Colo High SchoolNSW$600,000+31.9{c8b66c61d036f6ef577ebb4000d6f98acefd4039e69613ab9f29a3541d0a44dc}
4Applecross Senior High SchoolWA$1,030,000+28.9{c8b66c61d036f6ef577ebb4000d6f98acefd4039e69613ab9f29a3541d0a44dc}
5Willoughby Girls High SchoolNSW$3,115,000+28.6{c8b66c61d036f6ef577ebb4000d6f98acefd4039e69613ab9f29a3541d0a44dc}
6Staughton CollegeVIC$480,000+28{c8b66c61d036f6ef577ebb4000d6f98acefd4039e69613ab9f29a3541d0a44dc}
7Ryde Secondary CollegeNSW$1,530,000+27.5{c8b66c61d036f6ef577ebb4000d6f98acefd4039e69613ab9f29a3541d0a44dc}
8Rosebud Secondary CollegeVIC$796,000+27.4{c8b66c61d036f6ef577ebb4000d6f98acefd4039e69613ab9f29a3541d0a44dc}
9Belconnen High SchoolACT$707,600+26.4{c8b66c61d036f6ef577ebb4000d6f98acefd4039e69613ab9f29a3541d0a44dc}
10Albert Park CollegeVIC$1,695,000+25.6{c8b66c61d036f6ef577ebb4000d6f98acefd4039e69613ab9f29a3541d0a44dc}

Source: Domain School Zones report 2020. Median sale price is based on 12 months of data to October.

School catchment areas have a huge influence on property prices

While 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.

School SoneThe 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.

However school zone price growth performance also varied enormously in some areas, with the report showing neighbouring catchment areas can sometimes provide vastly different outcomes in terms of property value.

How is the data calculated?

Domain sorted the school catchment zones based on the annual house price growth in each school catchment.

It then calculates annual house price growth by comparing the median sale price of all houses sold in a school catchment zone from November 2019 through to October 2020 to the median sale price from November 2018 to October 2019 using APM data.

A full list of Domain Group’s 2020 School Zones Report for each capital city across Australia can be accessed here.

Now is the time to take action and set yourself for the opportunities that will present themselves as the market moves on

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