Popular school zones coincide with soaring house prices

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on September 23, 2021
Popular school zones coincide with soaring house prices

Popular school districts across Australia have recorded house prices rising by almost double digits, according to Domain's latest report.

House prices have soared in school catchments across the country, according to Domain's 2021 School Zones Report.

The report has been dubbed 'compelling', showcasing how both primary and secondary school catchments saw house prices skyrocket.

This demonstrates how buyers are prioritising schools as a key factor in their decisions, according to Domain senior research analyst Dr Nicola Powell.

"In the top 10 school catchments, there’s a variety of different price points but let’s be honest, it does not matter what price-point you’re purchasing at, you place a priority on education because we all want our kids to go to the best school," Dr Powell said.

It's known that house prices affect school catchments in some way, but Domain's report revealed some prices have risen an 'eye-watering' amount.

Top 10 primary schools

According to Domain's latest report, these were the top 10 primary schools that saw the biggest house price growth in its neighbouring school catchments.

School name State Median house price Year-on-year growth
Burraneer Bay Public School NSW $2,100,000 44.8%
Newport Public School NSW $2,675,000 43%
West End State School QLD $1,325,000 41.7%
Woy Woy Public School
NSW $870,000 41.5%
Richmond Primary School
VIC $1,842,500 39.6%
Kimberley Park State School
QLD $620,000 38.2%
Kellyville Ridge Public School
NSW $1,377,500 37.8%
Harbord Public School
NSW $3,050,000 37.6%
Kincumber Public School
NSW $912,500 36.9%
Heidelberg Primary School VIC $1,510,000 36.7%

Source: Domain

Top 10 secondary schools

Domain's report also revealed the top 10 secondary school zones with the largest house price growth.

School name State Median house price Year-on-year growth
Barrenjoey High School NSW $2,802,500 45%
Eastern Hills Senior High School WA $602,500 41.8%
Cronulla High School NSW $2,030,000 40%
Kiara College WA $417,500 39.2%
Kogarah High School NSW $1,300,000 38.4%
Kincumber High School NSW $1,175,000 38.2%
Woolooware High School NSW $1,610,000 34.2%
Mosman High School NSW $4,000,000 33.3%
Diamond Valley College VIC $990,000 33.2%
Bayview Secondary College TAS $447,500 32.6%

Source: Domain

How house prices have risen across the country

Domain's report highlighted the specific house price increases in both primary and secondary school districts across all Australian capital cities.

The report revealed that school zones have varying influence on house price movement, but that primary and secondary schools influence the relative house prices in the area.

On average, house prices in primary school zones increased by 37% across the capital cities.

Specifically, these were the results for the top primary school zones in each city:

  • Sydney: 44.8%
  • Melbourne: 39.6%
  • Brisbane: 41.7%
  • Adelaide: 32.8%
  • Canberra: 33.8%
  • Perth: 33.9%
  • Hobart: 35%
  • Darwin: 34.4%

Additionally, house prices jumped by an average of 32.6% across these capital cities in secondary school districts:

  • Sydney: 45%
  • Melbourne: 33.2%
  • Brisbane: 31.5%
  • Adelaide: 21.8%
  • Canberra: 22.9%
  • Perth: 41.8%
  • Hobart: 32.6%
  • Darwin: 32.6%

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Rachel is a Finance Journalist, and joined Savings in 2021. Coming from a background in the FinTech space, her interests include the innovation of lending technology, property, investing, and more. With a passion for educating and informing people about their finances, she hopes to increase the financial literacy of everyday Australians.

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