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Melbourne: a school saves a district and Australia 'superstitious' school houses

 
[Economic News]     27 Feb 2019
"look at the son of a dragon, the girl of a Phoenix!" Expressed the common heart of parents all over the world.

"look at the son of a dragon, the girl of a Phoenix!" Expressed the common heart of parents all over the world.

For most parents, to have a good future for their children, they are willing to do anything. Naturally, children`s education has become a "top priority". Anything can be saved, but when it comes to children`s education, it can`t be less, just to keep the child from losing on the starting line.

In order to enrol their children in top public schools, many parents in Australia have paid a lot of money to buy district rooms for their children to attend well-known local primary and secondary schools. In this context, the so-called school district housing is naturally "rising tide and boat high", house prices are higher than the surrounding house prices a large percentage.

Although so many people are willing to pay a substantial premium for the school district, can it always get a return?

Melbourne: a school saves a district and Australia 'superstitious' school houses


1, Melbourne: a school saves a district

According to news, there is a district in Melbourne where house prices are soaring as a result of the opening of a new public school, which is four hundred and twelve thousand five hundred Australian dollars higher than the price of the surrounding house.

Melbourne: a school saves a district and Australia 'superstitious' school houses

The place where house prices soared was the opening of high schools in Beaumaris, Melbourne`s southeast district, last year.

A good school distinguishes the median price of the district directly from the surrounding area, with a median price of 1.21 million Australian dollars and a school district of 1.62 million Australian dollars! There is a full difference of four hundred and twelve thousand five hundred Australian dollars.

The Sally Connor couple had two children, and it was a great effort to get their children to Beaumaris High School. They said: "the school district rooms can be said to consume all our energy."

It is reported that in order to be able to get to the school district where Beaumaris Middle School is located, the couple moved from Mentone to Cheltenham, very early in order to get closer to the school. However, when the division of the Beaumaris High School was announced, the district was not divided into the school district as expected.

After learning the results, the couple were frustrated. "it was a disaster," Connor said.

In the end, they chose to move again, after buying a real school house, they settled down.

Note: at the end of the article is the gap between housing prices and housing prices in Australia`s top public primary and secondary schools.


2, Beijing crazy school district room: 10 square meters short and low bid price 3.4 million

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Melbourne: a school saves a district and Australia 'superstitious' school houses

How expensive is "School Room"? In Wenchang Hutong, near Xidan, Beijing, for example, a 10-square-meter house sells for as much as 3.4 million yuan. Because there is a nearby experiment two that is considered one of Beijing`s best elementary schools.

"in my hometown, this kind of house pig farming is too small," said Wang Zhisheng (alias), a house agent at Wenchang alley near Wenchang Hutong on July 5, facing a 10-square-meter pocket house and an eye-popping price of 3.4 million yuan.

Wang Zhisheng`s hometown in Henan Province, came to Beijing 10 years ago, now runs a media company. "my son went to primary school this year, and I don`t think it would be a problem to buy a smaller house near the school with my own strength, but today, I was completely dumbfounded." Wang Zhisheng admitted that the reason why want to buy a school district, is to let children into a good school, did not expect that the price is so expensive.

Wang Zhisheng told journalist, the intermediary took him to see the house, in Wenchang alley, "this only 10 square meters of house is dilapidated, low, lighting is not good, some places have fallen off the wall, simply terrible. Such a small, broken house, you can live alone, if you live in a family, I am afraid that the per capita living space is not as large as that of a pig in our hometown. "

Such a low-quality and high-priced house, let Wang Zhisheng out of the blue. But he did not know, in Beijing, such a school district room is very tight.

In the interview, journalist found that because of the close proximity to the second experiment, Wenchang Hutong is generally priced at more than one hundred and fifty thousand yuan per square meter, and this house price will undoubtedly be squeezed into the ranks of the most expensive housing sources in Beijing. An intermediary consultant told journalist that the number of people coming here to see a house is particularly high, and that if the price tag falls, it will soon be taken away by clients.

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3. School district housing: benefit VS risk

Australia`s so-called school district housing, although not as "extreme" as domestic Beijing and Shanghai, is still the target of home buyers.

The benefits of district housing are obvious, both for parents and for children. This is also the reason that many parents are willing to pay heavily to start school district housing.

Melbourne: a school saves a district and Australia 'superstitious' school houses

feel at ease

In the view of many parents, buying a school room can send their children to a good school, and parents can get a share of peace of mind.

Due to the scarcity of high-quality education resources and the binding of house, many parents are often busy starting from the birth of their children to open a school district room.

  

[经] revalue

Secondly, because of its scarcity, school district houses have both investment attributes. Therefore, a lot of parents also regard the school district housing as a kind of investment choice which maintains the value appreciation.

Waters, president of the Victorian Institute of Housing, said: "the median price for Beaumaris secondary school is 1.62 million Australian dollars, while the median real estate price for a non-designated school district within one kilometre is just A $121, which is exactly four hundred and twelve thousand five hundred Australian dollars less."

In addition, it revealed that the median price of, South Yarra primary schools recorded A $1.7 million, which is three hundred and thirty five thousand Australian dollars higher than the average price of one million three hundred and sixty five thousand Australian dollars for surrounding real estate.

Housing prices in the Beaumaris,Glen Waverley,Kew,McKinnon,Mount Waverley,Camberwell,South Yarra,Malvern East,Malvern,Hampton,Preston,Fitzroy,Hawthorn East,Altona and East Bentleigh districts are at least one hundred thousand Australian dollars higher than those in the surrounding areas, according to figures from the Victoria Housing Institute.

However, parents who buy school districts may need to make concessions on house size and standards. Most of the time, they need to be renovated after buying school rooms, rather than twisted bags to check in.


save money

For parents with multiple children, buying district housing near top public schools is a significant cost-effectiveness compared to hundreds of thousands of private school fees.

Private schools, for example, have a tuition fee of 40, 000 a year, or one hundred and twenty thousand in three years. If a family has three children, then you can save three hundred and sixty thousand in top public schools. As a result, some high-ranking public schools have become popular in the eyes of most families.

, Box Hill High,McKinnon Secondary College,Glen Waverley Secondary,University High,Kew Highs, a public high school that scored well in Melbourne`s college entrance examination, VCE exam last year, and so on, are very expensive in these districts.

This, of course, does not apply to all families.

Another real estate agency said: "if the number of children in a family does not have the above-mentioned economic benefits, or if the school corresponding to the school house you purchase is not suitable for your child, then the strategy of buying a district house will fail."

In other words, the purchase of school district housing is not, one room in the hand, you can rest assured!

Melbourne: a school saves a district and Australia 'superstitious' school houses

[化] extra cost

Many parents only made the decision to buy school district housing after comparing private school fees. However, some parents often overlook the extra charges for top public schools, such as construction fees and other well-known fees.

Melbourne-based real estate intermediary Cate Bakos said parents had to do their homework in advance in order to understand the amount of fees they would have to pay for their schools. Even public schools have extra costs. Some extra fees are mandatory. Some fees, though not mandatory, can`t be rejected by parents.

Paying a premium, by contrast, may not be as cost-effective as attending top private schools.


Time-consuming and energy-consuming

Sharee is the mother of a 7-year-old from Brisbane. Sharee chose a private school after a comparison between buying top public school districts and attending private schools.

She says district housing in top public schools is often hard to get. The process of finding house not only consumes a lot of energy, but also the cost of time can not be ignored. And sometimes, even with a lot of effort and time, you may not be able to buy your favorite school room.

"from the calculations, we found that the premium paid for top public school district housing was sufficient to cover the cost of private schools for children," Sharee said.


District change risk

The school spirit, the quality of education, the division of school districts, and the fees of a school are not the same. On the contrary, many factors are uncertain.

As a result, for many parents who spend heavily on top-of-the-line school district meals, it is a "compulsory course" to learn about the future of the school, the flow of teachers, and the proposed urban planning of the municipality.


4, bought a school district room, went to a good school, did the children get a better education?

Melbourne: a school saves a district and Australia 'superstitious' school houses

Intuitive thinking, let their children to key schools, there must be a lot of benefits. But randomized trials and market research have found that this is not the case.

Yale professors Cullen, Jacob and Levitt studied the Chicago public school system, (CPS), which allows Chicago junior high school graduates to choose any school in the city.

In the selection process, some key high schools (high standardized test scores and high graduation rates) will receive applications that exceed their enrollment. At this point, CPS is drawing lots, allowing applicants to randomly enter the high school they want to enter.

This led to a man-made randomized trial in which some applicants went to good high schools while others with similar personal traits went to other schools because of a failed drawing of lots.

The analysis of the experiment showed that high school student, who entered high school by drawing lots, did not perform better, or possibly worse, than their peers, who did not draw lots but had similar characteristics.

Popularly speaking, twins A and B applied for the provincial focus one together. As a result, a full place, had to guess the way to determine A and B who accepted, who eliminated. Finally, A accepted one, B went into non-focus.

Three years later, people were surprised to find that there was no significant difference in test scores and attendance rates between A and B, who graduated from No. 1 Middle School.

What is even more surprising is that A, who drew lots into the first Middle School, not only did not perform better in his studies, but was in the middle and lower reaches of the class for a long time because of his ability to fail to keep up with the progress of the school. The drop-out rate has risen significantly.

The study concluded that district housing and key secondary schools were not associated with what is often called "quality of education".

Only parents` education, parents` emphasis on education and other family and personal characteristics can bring better education to their children.

However, parents` emphasis on education may prompt them to buy district rooms and enroll their children in key secondary schools. This allows children to have better classmates (though not reflected in academic performance) and lower crime rates.

Come back to this question, will parents spend a lot of money on school district housing, will it bring about a better education? It depends on how you define education, such as civilized behavior, such as good classmates, can be part of the education. But at least, don`t expect district rooms to improve your children`s academic performance.


END

It is the nature of the parents to give the best to the child.

Last year`s Indian film, the starting Line, not only earns a good box office, but also resonates with many Chinese parents. Among them, the English in the movie poster seems to have caught the hearts of many parents,: The parents who will do anything to get their children into the right school..

Of course, the problem of uneven educational resources, whether at home or in Australia, we can not avoid, but for parents, not a set of expensive school district housing on everything, rest at ease!

Children`s education, is a long-term topic. Well-known schools do not guarantee a life-long worry-free, similarly, not a well-known school does not mean a limit.


List of house price difference between school district and surrounding area

middle school

1.  Beaumaris Secondary College:

Median school district price: $one million six hundred and twenty two thousand five hundred

Median 1 km house price outside the school district: $1.21 million

Difference: $ four hundred and twelve thousand five hundred

2.  Glen Waverley Secondary College:

Median school district price: $one million six hundred and twenty thousand nine hundred and ninety nine

Median 1 km house price outside the school district: $1.3 million

Difference: $ three hundred and twenty one thousand

3.  Kew High School:

Median school district price: $two million nine hundred and ninety nine

Median 1 km house price outside the school district: $one million seven hundred and fifteen thousand

Difference: $ two hundred and eighty six thousand

4.  McKinnon Secondary College:

Median school district price: $one million five hundred and forty eight thousand

Median 1 km house price outside the school district: $one million three hundred and ninety thousand five hundred

Difference: $ one hundred and fifty seven thousand five hundred

5.  Mt Waverley High School:

Median school district price: $1.31 million

Median 1 km house price outside the school district: $one million one hundred and seventy two thousand nine hundred and ninety nine

Difference: $ one hundred and thirty six thousand nine hundred and ninety nine

6.  Camberwell High School:

Median school district price: $2.1 million

Median 1 km house price outside the school district: $1.98 million

Difference: $ one hundred and twenty thousand

7.  Box Hill High School:

Median school district price: $one million two hundred and eighty five thousand seven hundred and forty nine

Median 1 km house price outside the school district: $1.2 million

Difference: $85,749

8.  Frankston High School:

Median school district price: $ seven hundred and seventy thousand five hundred and fifty

Median 1 km house price outside the school district: $ six hundred and ninety thousand

Difference: $80,549

9.  University High School (Parkville):

Median school district price: $one million three hundred and ninety five thousand

Median 1 km house price outside the school district: $one million three hundred and twenty seven thousand five hundred

Difference: $67,500

primary school

1.  South Yarra Primary School:

Median school district price: $1.7 million

Median 1 km house price outside the school district: $one million three hundred and sixty five thousand

Difference: $ three hundred and thirty five thousand

2.  Lloyd St Primary School (Malvern East):

Median school district price: $1.98 million

Median 1 km house price outside the school district: $one million seven hundred and fifty seven thousand five hundred

Difference: $ two hundred and twenty two thousand five hundred

3.  Hampton Primary School:

Median school district price: $2.05 million

Median 1 km house price outside the school district: $one million eight hundred and fifty five thousand

Difference: $ one hundred and ninety five thousand

4.  Malvern Central School:

Median school district price: $2.4 million

Median 1 km house price outside the school district: $2.23 million

Difference: $ one hundred and seventy thousand

5.  Mt Waverley Primary School:

Median school district price: $one million four hundred and seven thousand nine hundred and forty nine

Median 1 km house price outside the school district: $one million two hundred and sixty five thousand nine hundred and ninety nine

Difference: $ one hundred and forty one thousand nine hundred and fifty

6.  Preston West Primary School:

Median school district price: $1.06 million

Median 1 km house price outside the school district: $ nine hundred and twenty thousand

Difference: $ one hundred and forty thousand

7.  Fitzroy Primary School:

Median school district price: $one million four hundred and thirty five thousand

Median 1 km house price outside the school district: $one million three hundred and five thousand

Difference: $ one hundred and thirty thousand

8.  Auburn South Primary School (Hawthorn East):

Median school district price: $2.23 million

Median 1 km house price outside the school district: $2.1 million

Difference: $ one hundred and thirty thousand

9.  Altona Primary School:

Median school district price: $ nine hundred and fifty two thousand five hundred

Median 1 km house price outside the school district: $ eight hundred and thirty thousand

Difference: $ one hundred and twenty two thousand five hundred

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