Top school zone property prices outpace capital city growth
Parents are driving up prices by competing for homes close to top-performing government and private schools.
Prices in popular school zones in every capital have typically outpaced median price growth with double-digit growth over one and three years.
The cost of buying a house in a coveted school zone in each of the capital cities has increased by up to 60 per cent over the past three years as supply shortages fuel fierce competition between families.
Properties in popular school zones in Sydney, Tasmania and Brisbane have posted some of the biggest gains as steep price rises were also boosted by record demand for residential property.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Personal finance
Fetching latest articles