School catchement areas under the spotlight

26 Sep 2024

As we approach the final quarter of the year, we typically see an uptick in activity among buyers with children. With their kids either reaching school age or transitioning to higher levels of education, many families start to prioritise moving into specific school catchment areas. This creates a significant opportunity for sellers!


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If you're currently living in a desirable school catchment area but no longer have a need for it, now could be the perfect time to speak with a real estate agent about the potential value of your property.

The Impact of School Catchment Areas on Property Prices

School catchment areas have long been a key driver of property values, but recently, their influence has become even more pronounced. This year, suburbs within popular school catchments have experienced double digit growth, fuelled by increasing migration and demand. It's clear that proximity to a top-rated school is a major factor for both parents and investors alike.

Beyond School Catchment Areas: Other Key Location Factors

While school catchments are undeniably important, they are just one aspect of a property's location that can influence a buyer's decision. Here are some additional factors to consider when evaluating a property's value:

  1. Proximity to Public Transport: Easy access to bus and train routes can significantly enhance a property's appeal, especially for those commuting to work.

  2. Local Amenities: Nearby shops, cafes, parks, and recreational facilities add to the convenience and lifestyle of an area.

  3. Safety and Community: A strong sense of community and low crime rates are highly sought after by buyers.

  4. Future Development: Planned infrastructure projects or commercial developments can greatly impact property values, positively or negatively.

In conclusion, while school catchment zones are crucial for some buyers, considering a range of location factors will provide a more comprehensive view of a property's true value.

 
 
 


 
 
 
 
 
 

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