Many home buyers with young families ask their real estate agent to locate them a home in a good school zone. However, properties in good school zones often command a premium over similar properties nearby.
This puts some buyers off, especially those looking for as much space as possible for their hard-earned dollars. But is this a good strategy? In this blog, we’ll explore the hidden benefits of buying in a good school zone.
Good neighbourhood
Good schools are almost always located in good neighbourhoods. This means lower crime rates, reduced insurance premiums, better transport connections and higher quality amenities.
And don’t forget the reason why you moved to a good school zone in the first place. Your children will have direct access to the local school, providing them with the best possible start in life.
Higher resale value
Buying in a good school zone is also a sound investment strategy. While these homes are much sought after and command a premium over other properties, you will almost certainly get that money back and more when it comes time to sell.
According to the latest Domain Schools Zones Report, house prices in the most sought after Brisbane school zones soared by nearly 30% over the past 12 months. Far outstripping the 6.1% median average house price gain.
Greater stability
While buying in a good school zone will not completely protect you from wider property market fluctuations, homes located in good school catchment areas do not typically decline as much as homes located in other areas.
So yes, you will pay more for the luxury of living close to a good school, but your investment will be protected by greater stability in pricing. In fact, this could be one of the best investments you’ll ever make.
Looking for a new home in the best catchment areas?
So, if you are looking for a new family home close to the best schools in the Queensland area, then get in touch with the real estate sales professionals at House Estate Agents.
With offices in Brisbane South, Aspley, Brisbane North and Toowoomba, our agents will be able to provide you with access to the most sought after homes in the Queensland area. Complete the contact form here to get your search started today.