Melbourne School District

Whether it’s your child’s age at school, or you’ve just set up a family, or if you’re just buying a house, learning about the latest information on the school district will help you make the right decision. On the one hand, the education room is conducive to preparing children for future study; the other is convenient for educational housing lots with obvious advantages, a huge appreciation space, and the education room is very popular. Whether you rent out your landlord or sell it later, it will be smooth and profitable.

In general, price changes are based on the different suburbs of different cities and cities. However, once school districts are considered, the pattern of price increases will be completely different. For example, the average housing price in Melbourne increased last year. 16% has already made many people feel unacceptable, but this is only slightly less than the school district housing, and this increase is even less than half of people!

Of course, education is a major advantage of Victoria and is Victoria’s largest export resource. Therefore, it is not surprising that home prices in the Victoria Elementary and Junior High School District are rising. In fact, the top 5 school districts where house prices have risen fastest in Australia are all from Victoria!

When purchasing school district housing, it is recommended to consider the school distribution, housing environment, room type selection, and rental requirements.
Housing environment

School district issues are the top priority for parents, which leads to their lack of considerations such as housing prices, quality, environment, and support. However, in reality, if there is a quality problem in the house or if the surrounding environment is noisy and chaotic, this will affect the normal learning and life of the child.

Buyers must also consider many things when choosing an education room. Is the living environment in this area comfortable, quiet, convenient, and safe? Is there a lot of facilities for children to play with?

Whether the children and adults in the school district are friendly, whether they can provide a safe learning environment for their children, whether they can integrate into the children as soon as possible, etc., are all factors that need to be considered.

Rental requirements

Australia’s famous schools are basically concentrated near the city center. The current situation is that supply is in short supply, and the empty rent rate is less than 1%.

Remind prospective buyers to compare the cost of housing, not necessarily the more prosperous the better.

School District Housing Growth

Melbourne’s Glen Waverly district, which is nearly 20 kilometers from Melbourne’s city centre, was not originally a traditional Melbourne mansion, but its prices have been soaring in the past few years due to the impressive performance of local public school Glen Waverley Secondary College. For “Universe Center”!

Since Balwyn High became Melbourne’s top college, housing prices in the region have remained high. As a result, resourceful and far-sighted parents are always looking for the next college with the potential to become a major thermal zone.

Another emerging school district hotspot is located in Viewbank, 15 kilometers northeast of the CBD. It is reported that Viewbank College School District has become a popular choice for those who seek high quality government schools.

In the past six months alone, Viewbank’s house prices have increased by 9.1%. Brad Pearce, a director of Miles Real Estate, believes that this is purely driven by the quality of the school.

Pierce said that families in Melbourne can save tens of thousands of Australian dollars by positioning themselves in an ideal government school district. Otherwise, they will spend on private education.

Dr. Andrew Wilson, chief economist in the field, also noted the inseparable relationship between school districts and house prices, and the resulting investment opportunities.

Wilson said: “It is worth discussing is whether the quality of schools is to attract buyers to buy a house in a certain area, or whether buyers can invest in local schools and in turn create demand?”

The schools that drive the development of housing prices are innumerable in Melbourne. There was Vermont Middle School before, and Westall Middle School in South Clayton. In the past 12 months, the price of Clayton South has gone up by 16.1% and Vermont has gone up by 18.6%.

In fact, in addition to the new school district, the prices of several traditional old school districts are not lower. With the best educational resources, you can sell the highest price.

School District Economic Account

In terms of elementary school, the school district in the Glen Huntly Primary School in Glen Huntly District had the highest increase, with house prices at $835,000 in 2015 and $1,180,000 in 2016, and rose to $1,230,000 in 2017 up to 41.3%;

The school district of Glenferrie Primary School in Hawthorn ranked second with a housing price of $1,500,000 in 2015, rising to $2,025,625 in 2016 and rising to $2,220,000 in 2017, up 35.0%;

The school district at Kerrimuir Primary School in Box Hill North is ranked third. The housing price in 2015 was $880,500. It rose to $1,183,000 in 2016 and rose to $1,300,000 in 2017. It was up 34.4%.

From a purely economic point of view, a major advantage of the school district housing is that local public schools are often able to test results that are not inferior to some ordinary private schools, so that parents can save a private school tuition. We take the example of Glen Waverley Secondary College, which is well-known in Melbourne’s Chinese community. The school’s performance is very good. It is not only higher than average in all subjects, but some subjects perform better than similar schools.

If you compare Caulfield Grammar, a famous private school not far from Glen Waverley Secondary College, the school’s latest tuition fees from pre-university to grade 12 range from A$21,444 to A$29,355 per year, which is not counting about 10% of the annual increase or other. cost. According to this calculation, a child may be able to save more than $300,000 in tuition fees, and the two children can save more tuition fees, reaching 600,000, and so on. And while it is possible to save a lot of tuition, the school district usually achieves a stable growth, because buyers will also pay this “education premium” when they sell, which means that actually the hundreds of thousands of tuition fees are “Pure earned”.
Risk factors that cannot be ignored

Although the investment in “school district housing” looks beautiful, there are also many risk factors that need attention:

First, some real estate agents often confuse concepts and confuse school district houses in private schools, public schools, and church schools. This is actually an essential difference. For private schools and church schools, staying in a so-called “school district” does not guarantee admission, and as such, it also has to pay for expensive tuition. Therefore, the concept of a district school in a private school or a church school is at least economically unreasonable. Of course, many private schools were originally sent to children by wealthy families. Therefore, the neighborhood itself is a relatively rich region, and it is not because of the existence of a private school that it raises prices. This causal relationship must not be reversed.

Secondly, the school districts in each school are constantly changing, especially on particularly popular campuses. There is often an influx of families with school-age children, which has led to an increase in the number of students enrolled in the school. Finally, the school is forced to shrink the school district. If the property you buy is on the boundary of the school district, it will be more dangerous.