NAPLAN vs home prices: Brisbane’s top ‘bang for buck’ schools
Brisbane parents don’t have to break the bank to get their kids into a good school catchment where home prices are more in reach, exclusive new analysis has revealed. INTERACTIVE
Property
Don't miss out on the headlines from Property. Followed categories will be added to My News.
Brisbane parents don’t have to break the bank to get their kids into a good school catchment where home prices are more in reach, exclusive new analysis has revealed.
And it could save you hundreds of thousands of dollars.
News Corp has launched Bang for Buck, a unique data piece that identifies high performing state schools and the most affordable property markets within school catchments.
Using the latest NAPLAN data, median home values supplied by PropTrack, and school catchment maps, the analysis then appliesa weighting of 70/30 to determine a final Bang For Buck ranking for 709 of Queensland’s 1264 government-funded schools.
Schools without a NAPLAN average or a median dwelling catchment price were omitted.
In Greater Brisbane, Jamboree Heights State School (SS) offered parents the best bang for buck, with a NAPLAN rank of 19 and a median catchment price of $1,012,400.
It was followed by Geebung SS with a NAPLAN rank of 40 and a median house price of $938,100, Sandgate SS with a NAPLAN rank of 67 and a median price of $879,500 and Wishart SS with a NAPLAN rank of 9 and a median price of $1,152,500.
Brisbane’s top performing NAPLAN primary school is Sunnybank Hills SS with a median house price of $1.223 million.
It came fifth in the bang for buck rankings.
By comparison, Ascot SS has a NAPLAN rank of 39 and a median house price of $2,632,800, and is ranked 39 on the Bang for Buck metrics.
And New Farm SS, which takes in students from some of the city’s most expensive home markets, was given a Bang for Buck ranking of 95.
It has a NAPLAN ranking of 105 and amedian house price of $2,588,700.
MORE NEWS: Qld vacancy rate “dangerously low”
Top 40: Qld suburbs where first homebuyers should be looking now
For secondary schools, Mount Gravatt SHS came out on top with a NAPLAN ranking of 9 and a median house price of $1,085,600, followed by Mansfield SGS with a NAPLAN rank of 2 and a median of $1.234 million, Corinda SHS with a NAPLAN rank of 15 and a median of $964,000, Craigslea SHS with a NAPLAN rank of 13 and a median of $1,036,900 and Brisbane Soth SHS with a NAPLAN rank of 7 and a median of $1,208,500.
Brisbane’s top performing high school for NAPLAN results is Brisbane SHS where the median house price is $1,583,600.
A recent auction event held at Mansfield SHS by Ray White saw more than $14 million in property change hands in and aroundthe coveted school catchment, with more than 200 registered bidders.
Ray White Mount Gravatt principal Grant Boman said a good education was a major driver for Aussie families.
“We are very lucky to have some fabulous private and public schools within our area but the jewel in the crown, so to speak,is Mansfield State High School,” he said.
“Having grown up in the area I have seen first hand the transformation of Mansfield SHS and the effect it has had on the area.”
As a result, Mr Boman said it was no surprise that Mansfield and Wishart had some of the most tightly held homes.
But the analysis shows parents can get even more bang for their buck if they head to the regions.
Queensland’s top Bang for Buck primary school is Mount Tyson SS in the Toowoomba region, which has a NAPLAN ranking of 10 and amedian house value of $704,600.
It is followed by Bell State School in the state’s southwest, and Marburg State School in Ipswich.
Those schools ranked 166 and 66 respectively during the standardised test.
Other primary schools to make the top 10 for both affordability and performance were Hermit Park SS and Magnetic Island SS (Townsville), Caravonica SS (Cairns), Gladstone Central SS, Glen Aplin SS and Applethorpe SS (Southern Downs) and The Caves SS (Rockhampton).
The state’s top Bang for Buck high schools are Bell SS P-10, Killarney SS P-10, Collinsville SHS, Sprinsure SS P-10, Moura SHS, Cairns SHS, Ayr SHS, Inglewood SS P-10, Tamborine Mountain SHS and Toolooa SHS.
REIQ Cairns zone chair Tom Quaid said school catchments were a significant factor for many buyers
“Cairns SHS is highly sought-after and I have had buyers willing to pay a premium to be an extra street over to ensure they are within the zone,” he said.
“And it is not just buyers either, we have had people go out of their way to rent within a certain catchment.
“A good school absolutely has an impact on home prices with buyers often happy to go up a price bracket.”
PropTrack economist Paul Ryan said school catchment zones were a significant factor for many buyers.
“It is often one of the key amenities that many look for,” he said.
“And where there is a good school, there is competition, and being in a certain catchment becomes a major selling point.”
Real Estate Buyers Agents Association of Australia (REBAA) president and managing director of Brisbane-based Streamline Property Buyers Melinda Jennison said that securing a home in a highly desirable public school catchment zone was a top priority for many buyers.
“Living within the boundaries of an enrolment-managed public school ensures access to quality education without the expense of private school fees, driving up demand and property prices,” she said.
“Homes within sought-after school catchment zones can sell for up to 10 per cent more than the median price of the suburb theyare situated in.
“This price disparity can be significant, even for properties within the same suburb that are otherwise similar.
“School catchment zones play a crucial role in determining property values in Brisbane.”
Leah Mosels and Clement Lege and their two children, Hugo, 7 and Olivia, 3, purchased in Coorparoo due to the French program at White Hill State College and other strong state schools in the area.
“It will be interesting to see how these catchments grow. We plan on being here for at least 10 years or so,” Ms Mosels said.
“We almost purchased in Holland Park but feel we got good value in Coorparoo.
“Quite a few families we know have lived overseas and are astounded that they’re getting bilingual education at a state school in Queensland.
“That is something that is fantastic and is unique.”
First look: New Coast shopping centre for surprise site
A long-empty site in a surprise location will be transformed into a retail showroom complex under fresh plans lodged with the council. FIND OUT WHERE
Revealed: How much rent you need to pay in every Qld suburb
Rents have increased again in 252 Queensland suburbs, reversing the brief downward trend recorded just three months ago. See how your suburb compares!