How much houses in NSW top school catchment’s cost

New modelling has revealed how much parents will have to pay to purchase a home in the top performing state school catchment zones. SEARCH OUR INTERACTIVE

Parents hoping to get their kids into Sydney’s best performing high schools are being slugged with millions in premiums due to exorbitant house prices in each catchment area.

Suburbs in the catchment of the best non-selective government secondary schools have median house prices up to $5.29m.

New data prepared exclusively for The Daily Telegraph by PRD real estate reveals almost all of Sydney’s best non-selective government schools catchment zones were deemed “unaffordable” for average earners.

INTERACTIVE BELOW: CHEAPEST AND PRICIEST SCHOOL CATCHMENTS

PRD’s chief economist Dr Diaswati Mardiasmo said it was “quite sad to see” most of the suburbs were unobtainable for many parents.

MORE:Hidden public school premium costing parents $3m

House prices in the catchment zones of the best public schools were sometimes $2m – $3m over the median house price.

MORE:Insane tax amount NSW pays on new homes exposed

“In Sydney there is some hope if you buy a unit,” Dr Mardiasmo said. “With the best chance being for a secondary school.”

“For parents it is a tough call, do you then move from being a buyer to a renter to get your child into that favourite school or that top 10 school … renting would be the only (affordable) way to get into these catchments.”

Belinda Hill principal of McGrath Beecroft said school catchment zones were a “huge part” of the north shore market, making the suburb extremely tightly held.

“Families move to the area for the schools, then they don’t want to leave so they upsize and downsize within the area,” she said.

MORE:$300k saved from one call: How to beat the banks

Newtown Performing Arts High was one of the top performing but required an audition and was catered towards gifted students in dance, drama and music.

MORE:30pc loss: urgent move homeowners have to make

PRD Real Estate’s analysis was based on Better Education’s ranking of top performing state schools and takes into account NAPLAN results for primary schools and HSC results for high schools.

Median prices for each suburb within those catchment zones are included in the interactive below to give parents an idea of the price it will cost to purchase in each zone.

Both the unit market and housing markets have been included in the interactive.

Government selective schools have also been excluded from the list.

Search and scroll the top ten for primary and secondary school below:

Originally published as How much houses in NSW top school catchment’s cost