House prices in some Brisbane school catchments, including Bardon’s Rainworth State School, have surged by almost 30 percent over a 12-month period, the latest report says.
The latest Domain School Zones Report, which measures median prices within school catchments over the past 12 months, noted that in a majority of both primary and secondary school catchments, prices have surged higher compared to their respective suburb, and that families are placing more weight on secondary school placement.
As a result, 72 per cent of secondary school zones across Greater Brisbane saw a price growth. Primary school catchments also did well, although slightly lower with a 61 per cent rise. Still, when speaking of overall performance, secondary school catchments outperformed primary school zones.
Rainworth State School has claimed the 3rd spot among Brisbane’s top 10 schools for house price growth, soaring by 27.8 per cent to $1.15 million. Residents find Bardon an ideal place for families given that it is home to great secondary schools as well as primary schools, and that it is only 10 minutes to the city.
Brisbane’s top 10 school zones for house price growth according to Domain School Zones Report are as follows:
|School Level||School Name||School Suburb||Median Sale Price||Annual Change|
|Primary||Bald Hills State School||Bald Hills||$675,000||29.2%|
|Primary||Wynnum West State School||Wynnum West||$547,500||28.8%|
|Primary||Rainworth State School||Bardon||$1,150,000||27.8%|
|Primary||Ipswich Central State School||Ipswich||$365,000||27.0%|
|Primary||Cannon Hill State School||Cannon Hill||$755,000||25.8%|
|Primary||Tingalpa State School||Tingalpa||$675,000||25.6%|
|Primary||Marsden State School||Marsden||$342,000||23.9%|
|Secondary||Flagstone State Community College||Jimboomba||$471,000||23.9%|
|Primary||Morayfield State School||Morayfield||$382,250||23.9%|
|Primary||Aspley State School||Aspley||$776,500||23.3%|
Source: Domain Group. Median sale price is based on 12 months of data to October.
Furthermore, prices on some secondary school catchment zones have risen nine times faster than that of prices in Greater Brisbane, Domain senior research analyst Dr Nicola Powell said. She also said that the figures show how much families place importance on education, regardless of the price point.
Bald Hills State School took the top spot with prices rising by 29.2 per cent over the same period to $675,000. However, the top performing secondary school catchment was Rochedale State High School, where median prices surged by 20.5 per cent to $750,000.