As parents, it is a big decision which school to send your child to. For an adult, where to buy a house is also a major decision.
Australian real estate agents believe that Australian properties close to first-class public schools are usually more expensive than those in other urban areas, and that the weekly rent is also a little higher.
Based on the above, realestate.com.au lists information about prestigious institutions in its area for all housing sources on the site.
The relevant information about the school is very important for those who have the intention to buy a house.
The following list lists the name, education stage, type and distance of the school close to the property.
Every source of information on the Realestate.com.au site includes information about the schools around it.
To ensure that the list is always available, all information is provided by the Australian course, Assessment and reporting Authority.
Henry Ruiz, Chief Product Officer of REA Group, said: "We know very well that school information is very important to those who want to buy Australian property through our website. In fact, 31% of potential buyers admit to being influenced by school information when buying a property. Many of them move because they have new family members or want to change their lives, and the children need to change schools. "
"We have also found that overseas and cross-state investors are mainly buying homes in neighbouring first-class institutions."
In general, the prices of homes around well-known institutions are on the high side.
Angus Raine, chief executive of Angus & Raine, agrees. Australian property prices in Sydney's North Shore, near Roseville,Willoughby,Chatswood and Killara, are 1 percent higher than those in other districts, he said.
If the house is close to St George Women's High School, it may cost A $50000 more than a similar property outside of a university. At the same time, parents would be happy to pay 10% or more to rent a house in the Westfield Sports high school student district.
Is buying a school district house in Australia a good investment?
Sharon Fox-Slater, executive general manager of EBM RentCover, which provides housing insurance for 120000 investment properties across Australia, said investing in school districts was definitely a wise choice. As long as effective risk management methods can be mastered, it can bring not only potential capital growth, but also high rents and long-term tenants. However, school district rooms also have shortcomings.
The shortcomings of the school district room?
Here are some of the shortcomings of the Victorian Public Education Promotion Group, our Children, our Schools, listed by the school district housing alliance.
- The specific circumstances of the school will change, and may become different from the original understanding.
- Nearby schools may not be suitable for your children: "each school has a different style and teaching philosophy, and finding a school that suits your child is the most important thing."
- Usually owners buy premiums for their Australian properties, but that doesn't mean the house will be built there in the future.
* Source: Nielsen online rating report on Australia's domestic market (November 2014-January 2015).
