Money Magazine Australia

Costly lessons

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Securing children a spot in a great government school is a priority for many parents but it comes at a price, suggests Domain’s annual school zones report, which overlays catchment zones with property data.

“Nationally, the top 10 growth rates around particular schools were up between 18%-41% in 2016. In the same period, Sydney house price growth was around 1.5% and Melbourne’s around 7.3%,” says Domain’s Nicola Powell. “While large variations across suburbs in capital cities are normal, and many factors influence price growth in a given area, this data does suggest a relationsh­ip between high price growth and school catchment zones.”

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