Whenever house hunting for our buyer advocate clients, we put a lot of things into account. Majority of buyers want to be close to cafes, parks, and public transport. Whilst families want a property in a sought after school zone close to parks, playgrounds, cafes, and the amenities.
As buyer’s advocates in Melbourne, we have seen immense changes over the years, properties located in school catchments have become more attractive and sought-after. But why? Let’s keep in mind that education has long been considered an investment, not only for families but also for young couples who want to start a family in the future. Purchasing an investment-grade house or buying the right property in a sought-after school zone will lead to an increased demand when selling and higher long-term growth prospects.
According to the data gathered by Domain.com, house prices in Melbourne have risen in most school zones up to 83% of primary and 89% of secondary schools, aligning with the rising property market as of the year 2020-2021.
The median sale price of houses within the school zone of Richmond Primary School is $1,842,500 with a 39.6% increase rate as of 2021 compared to 2019-2020.
Click this link to learn the top 10 school zones for house price growth in Melbourne and other capitals in Australia as of 2021;
https://www.domain.com.au/research/school-zones-report/2021/#melbourne
Top 10 Melbourne Secondary School catchment areas:
| School Name | Median | YOY | ||
|---|---|---|---|---|
| 1 | Diamond Valley College | $990,000 | +33.2% | View Catchments |
| 2 | St. Helena Secondary College | $1,077,500 | +25.5% | View Catchments |
| 3 | Edgars Creek Secondary College | $595,000 | +25.3% | View Catchments |
| 4 | Werribee Secondary College | $587,000 | +24.9% | View Catchments |
| 5 | Mount Erin Secondary College | $787,500 | +23.0% | View Catchments |
| 6 | Craigieburn Secondary College | $615,000 | +22.9% | View Catchments |
| 7 | Cranbourne East Secondary College | $600,000 | +22.7% | View Catchments |
| 8 | Beaumaris Secondary College | $1,765,000 | +21.7% | View Catchments |
| 9 | Roxburgh College | $614,500 | +19.3% | View Catchments |
| 10 | Epping Secondary College | $595,000 | +19.0% | View Catchments |
Source: Domain.com
Top 10 Melbourne Primary School catchment areas:
| School Name | Median | YOY | ||
|---|---|---|---|---|
| 1 | Richmond Primary School | $1,842,500 | +39.6% | View Catchments |
| 2 | Heidelberg Primary School | $1,510,000 | +36.7% | View Catchments |
| 3 | Valkstone Primary School | $1,726,000 | +35.4% | View Catchments |
| 4 | Glen Waverley Primary School | $1,881,944 | +33.0% | View Catchments |
| 5 | Surrey Hills Primary School | $2,040,000 | +29.9% | View Catchments |
| 6 | Pakenham Lakeside Primary School | $626,500 | +29.2% | View Catchments |
| 7 | Clayton South Primary School | $978,100 | +26.9% | View Catchments |
| 8 | Williamstown North Primary School | $1,525,000 | +26.8% | View Catchments |
| 9 | Preston Primary School | $1,100,000 | +25.7% | View Catchments |
| 10 | Cheltenham Primary School | $1,196,000 | +25.6% | View Catchments |
Source: Domain.com
When buying a property in Melbourne, don’t think of cost but rather think of value.
At Industry Insider we specialise in buying established family homes in the inner ring of Melbourne, Bayside, and the beautiful Mornington Peninsula. If you need any assistance with buying, don’t hesitate to speak with one of our Property Buyer Agents on +61 8374 7652 or book a Zoom call here
https://calendly.com/propertychat/discussion-with-industry-insider
Industry Insider Property
Level 3, 489 Toorak Road, Toorak 3142
+61 8374 7652
+61 402 346 810
industryinsider.com.au
