Parents are coughing up the biggest property premium to put down roots in the South Yarra Primary School catchment, according to new Real Estate Institute of Victoria figures. Please respect the public forum and refrain from posting any expletives or hateful comments as they will be removed. The opinions expressed here are those of the individual and not those of Homely.com.au. With a superb devotion to product innovation, user-centred design and innovative marketing platforms for real estate agents, homely.com.au helps millions of Australians find their next home.Have you verified melbourneschoolzones.com? Coming in 33rd position in 2013, 21st in 2014 and 23rd in 2015.Over 300,000 properties to choose from in the Homely app for iPhone and Android.Viewbank College is consistently moving up the ranks with good VCE results. With a small enrolment size (students often number fewer than … It’s one of the best state schools,” Mr Jun said.McKinnon Secondary College: $1.69m vs. $1.455m = $235,000 differenceMalvern’s Stonington Mansion sets Victorian house price recordMelbourne’s million-dollar club swells by more than 50 suburbsHouses within the South Yarra Primary region earned a $1.93 million median last year — $410,000 more than those within a 1km radius outside it, REIV data shows.South Melbourne half-finished mansion for sale with plansASG’s Education Costs Estimates found the total cost of private education in metropolitan Victoria would be up to $15,918 at primary level and $29,098 at secondary level this year.Mr Pezzin said the suburb’s popular Hartwell Primary was also impacting prices, with REIV figures showing houses in its zone were earning $51,000 premiums.MELBOURNE’S top public schools are spurring A-grade results on the property market, with houses in their zones commanding as much as $410,000 more than those just outside.Ms Caskey said houses inside Melbourne’s top zones also typically enjoyed above-average price gains.Valkstone Primary School (Bentleigh East): $1.63m vs. $1.385m = $245,000 differenceCamberwell High was top of the class when it came to secondary schools.Disclaimer: The information published in this section is of a general nature only and does not consider your personal objectives, financial situation or particular needs. Where's the best school zone in Melbourne South East? For this reason, it is often best to base accommodation searches on the desired school zone. Due to top Melbourne government schools (such as Melbourne Girls College and Balwyn High) being in such high demand, most schools require parents to provide bills and lease agreements as proof of their residency within the catchment area to enrol their child. According to this site Portarlington is within the catchment for Werribee Primary School, which seems unlikely.You have entered an incorrect email address!It’s got potential: 6 Melbourne properties ripe for renoWith median house prices sitting at $808,494 in Sydney, $645,123 in Melbourne and $493,568 in Brisbane, it can be easy to see how making...Homely is an internationally acclaimed real estate portal helping millions of Australians each year to find their next homeWhat an interesting article and commentary of how ‘top’ performing state schools can be a factor in influencing the price of real estate in their ‘zones’ as parents recognise the value of securing a place for their children at such a school!Paying a ‘school zone premium’ seems to make a lot of sense. Government school zones or catchment areas are a restriction placed on the number of students a particular school can take based on a geographical boundary around the school. We’re planning to move into the property a year before our daughter starts Year 7. Hampton Primary School: $2.05m vs. $1.86m = $190,000 differenceMount Waverley High School: $1.407m vs. $1,328,500 = $78,500 differenceMelbourne lockdown: Interstate regions luring Victorian searchersSouth Yarra Primary School: $1.93m median house price in zone vs. $1.52m in 1km border = $410,000 differenceThe Camberwell High catchment commanded an average premium of $289,000, McKinnon Secondary, $235,000, Frankston High, $128,400, Box Hill High, $90,000, and Mount Waverley High, $78,500.She warned parents shelling out extra for A+ locations may need to compromise on the standard of house they buy, opting for an “ugly ducking” they can renovate rather than a ready-to-move-in home.realestate.com.au is owned and operated by ASX-listed REA Group Ltd (REA:ASX)Box Hill High School: $1.425m vs. $1.335m = $90,000 differenceAltona Primary School: $1.225m vs. $900,000 = $325,000 differenceFrankston High School: $778,400 vs. $650,000 = $128,400 differenceLloyd Street Primary School (Malvern East): $2m vs. $1.87m = $130,000 difference‘Bridesmaid’ suburbs offer seven-figure savings on pricey neighbours“(Buying in the zone) is an attractive proposition — if parents spent $100,000 more, they’re going to be in front compared to if they’d paid private school fees.”Fitzroy Primary School: $1.635m vs. $1.4m = $235,000 differenceDue North, Preston to feature rooftop pool, fitness hubMelbourne lockdown: Petition urging real estate to reopen takes offThe Property Bureau director Kristy Caskey said for parents with more than one child, buying in a public school zone to ensure their kids admission could be a financially savvy move, saving them from paying private school fees.REIV president Richard Simpson said while Melbourne’s secondary zones had impacted property prices for years, primary schools were also becoming a force in the market as parents endeavoured to give their kids “the best possible start to their education”.Parents are coughing up the biggest property premium to put down roots in the South Yarra Primary School catchment, according to new Real Estate Institute of Victoria figures.Ballarat real estate: Why regional city is a golden opportunityLive City Melbourne: Up to $90K off apartments as land steals demandJason Jun and Hannah Park were willing to pay more for their Frankston South house to get their three sons into the top school: “The teachers are great, it offers good sports and camps.
Our daughter is only 4 years old, but we’ve just recently bought a fairly new 2-bedroom unit that’s in the Strathmore Secondary College school zone.
Due to top Melbourne government schools (such […] In fact many young families are choosing to and prepared to pay a premium to live in the catchment zone of good schools.
Recording a ranking of 42nd in 2013, up to 32nd in 2014 and now sits at an impressive 30th position.So we thought it’d be worthwhile to take a look atIf you enjoyed this blog leave a comment below and share it with your friends. Zone premium: Tom Roberts, a partner at Nelson Alexander North Carlton, says there's more competition for homes in the zone, with school access the top priority of 10 to 15% of buyers.
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