Education has become a big consideration for people who plan to have a property for their families. This is the reason why school zones in Melbourne are having a huge impact on property prices. Therefore, if you are considering suburbs to buy a property, school catchment zones can be one of the best choices.
If there is a well-rated, highly popular school in the area, it will have a huge impact on the value of the property in the area. The price of the property will keep on increasing with the popularity of the school in the area.
Several surveys show that the main reason for the successful property market of Melbourne is highly due to the demand of the properties in the school zones of Melbourne outperforming more than 40% in price within a year. School catchment areas are found to be more preferred by people recently. The reports also showed that the public school zones have a profound impact on the house prices in Melbourne, and secondary schools are more preferred in the state. Moreover, it is also quite common to use bitcoin to buy property here. Because cryptocurrency is increasingly making its way into real estate transactions in a variety of ways. Hence, you can visit the https://aktien-blog.com/bitcoin-storm/ site to purchase cryptocurrency and make a purchase of your property with cryptocurrency.
In the analysis, it was found that there was a reverse in the trend in properties when compared to that of last year and it confirmed the reports that the prices of properties rose about 83% in the primary school areas and about 89% in the secondary school areas.
The top-rated school catchment zones are in the inner, middle, and outer areas of the suburb and the most popular zone is the Mornington Peninsula location. There was also a variation in the price in the nearby school zone too. The price of the properties in the Brighton Primary School zone grew 11% every year while Elsternwick Primary School had a drop in the price of about 15%.
The annual growth of the house prices in the primary zone was about 48% while it was 525 in the secondary school zones. This was more than the price growth than the respective suburb zones. There was a growth of 10% when compared to the suburbs where they are located. Thus the conclusion can be that one among ten school zones had a growth of 10-20% extra growth in the price of properties.
Here is the list of the top-rated Melbourne school zones: most people prefer to buy properties.
- Glen Waverley Secondary College
- Albert Park College
- Balwyn High School
- Beaumaris Secondary College
- Box Hill High School
- Prahran High School
- McKinnon Secondary College
- Camberwell High School
- East Doncaster Secondary College
- Frankston High School
Apart from the above-mentioned school zones, there are more school zones, both primary as well as secondary. The property prices grow even with the news of a school opening in the area. Before the opening of the school itself, the properties will be sold or booked for sale. Experts and researchers on real estate trends say that this trend will keep on going in the coming years too. Educational experts also find this trend to be a positive sign in the approach of the people towards education.