Professionals Local Real Estate
Calamvale Central Shopping Centre, Shop 37, 662 Compton Road Calamvale
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Real estate agents have found demand for certain suburbs was at peak levels, including homes in West End, Mansfield, Sunnybank Hills, Mount Gravatt, Ascot, Indooroopilly, St Lucia, East Brisbane and Tarragindi.
Brisbane State High School is at a record level, with Mansfield State High also at a peak, as well as schools such as Weller Hills and Sunnybank State High.
Social researcher Mark McCrindle, of McCrindle Research, said the trend towards private education and the rising cost of living were seeing more parents willing to pay higher real estate costs to get their children into the right area.
“A lot of government schools with good teaching and behavioural levels are right up there with independent schools, so a lot of parents say we’ll have to pay more on the house but we’ll save on private school fees.
“It does start to factor into house prices, and there is a price increase if you are in the right school catchment area.”
Investors now use good school catchments as one of their hotspot predictors. If you’re in a school catchment zone, this is a strong drawcard for buyers.
Financial planner Michael Kennedy said it made sense to secure his five school-age children in the Brisbane State High School catchment zone.
But, he said, it took more than a year to find a house because of the high demand.
“We started by renting at $800 a week (in the area) then waited patiently, attended many, many inspections until this house came up in December last year. We paid $1.8 million,” he said.
Two of his children were already enrolled at BSHS, with a third to start next year, the fourth in primary school and the fifth child in kindy.
Mr Kennedy said the money saved on school fees by moving into their preferred catchment area would benefit the family in the future.
“Just think of what you could do with those extra funds, put it into extra-curricular or use some of it to travel or get the kids overseas to Japan, Italy, and learn another language,” he said.
Please remember to keep us in mind for all of your buying, selling, renting or property management needs – you can make contact via the following means:
Drop in: Calamvale Central Shopping Centre, Shop 37, 662 Compton Road, Calamvale QLD 4116
Phone: 07 3272 1000