WHAT YOU MAY NOT HAVE CONSIDERED
When purchasing an investment, many astute buyers will consider price, presentation, condition, property features, infrastructure, crime rates, local amenities, access to public transport, risks of flooding, and the ongoing costs to maintain the property, to name a few.
However, have you ever considered school catchment zones as part of your property selection criteria?
A catchment zone is a geographical location where a state school's core intake of students must live and can significantly influence a renter’s decision to rent a property.
Every parent wants their children to attend a good school. Buying an investment property close to an in-demand catchment zone can increase renter interest and the weekly rent, reduce vacancies and ultimately, have significantly more potential for capital growth.
While private schools don't typically have a catchment zone, the location of these schools is still worth considering when buying.
Equally, properties surrounding colleges and universities are always in higher demand because students want convenience, which, once again, drives up demand and weekly rents.
Even though the property may cost a little more in these catchment zones, you can rest assured the resale value and buyer interest will be much more.
To ‘educate’ yourself on the leading locations across Australia, search 'Top performing school catchment zones’ in your state.
Comments