Saturday, 3 October 2015

Paying more to live in school zones?

School zones 

Many family and future family couples are very aware of the My Schools website and use it to determine the area they would like to live in.  Higher scoring State Schools and their surrounding properties have parents paying more to purchase a home or even rent a home.  
Good schools basically establish  a good area so weather you are a parent, a future parent or neither a Good School Zone is a great purchase for anyone.    

     Good future resale value

When purchasing a property many things are considered. Although it is the furthest thing from a buyers mind, one very important aspect should be the resale value. Purchasing near a Good School Zone is a little bit of peace-of-mind and assurance of a good resale value of your property purchase.      

School zone boundaries

Schools that are popular and have a great reputation often have to place residential boundaries on their student intake.  The properties within these boundaries often benefit as they are highly sought after and often sell for a higher price then ones outside these boundaries.  Therefore all property owners are able to benefit from the school zone boundaries.

What Our Buyer’s Agent Have To Say

Always choose to buy property close to the amenities such as public transport, major infrastructure and shopping centres. However, schools are a major drawcard. It’s now common for families to rent a property in a specific school zone to get their child into a good school. So if you want a family with school-aged children to rent your investment property, purchase a property near a school!  How do you know a highly sort after school? Check out the government’s web site NAPLAN. It contains test scores for the national standardised tests, known as NAPLAN, and a wealth of information about schools around the country.

                ‘Areas in top performing State Schools are consistently fetching higher sale and rental prices’ - Wise Real Estate Advice senior buyers agent Mark.

Buying your first home or investment can be a difficult process that many find over whelming, hiring a buyers agent can increase your chances of owning property portfolio that will help you achieve your financial goals sooner. For a consultation free meeting on getting into the property market contact us via email or call us on 1300 00 WISE.

Mark Ribarsky.
Senior buyers agents at Wise Real Estate Advice