Desirable school catchments have historically been a clear emotional driver for property price growth nationwide.
Parents jostling for box seat to be included in school catchment zones creates demand which in turn, push up house prices.
The evidence is clear that proximity to schools are a major influence when buyers are considering to purchase their family home.
Investors wanting to capitalise on potential growth should keep an eye on suburbs within a desirable school catchment. Especially those suburbs that have a lower price point or are situated in overlapping catchment zones.
Top Perth schools such as Willetton SHS, Rossmoyne SHS, Churchlands Grammar and Hale School have been strong performers historically and have shown reslience in the downturn.
According to the Domain '2020 School Zones Report' Perth school zones featured in the national combined capital cities top ten performers with Como Primary School zone seeing a 36% increase to a median of $901,750.
Here at Rise Property Buyers, we undertake an alalysis of school catchments as one of the many factors that influence our decision on property selection when purchasing for our investors.
Feel free to contact us if you are considering a purchase whether it be for investment or your dream home.