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If you’re investing in property, proximity to schools can play an important factor in a property’s resale value.
This is an often overlooked aspect but you will do well to understand the strong connection between schools and property values.
When considering the purchase of a new house, it is worth your while to investigate the extent of local infrastructure and social facilities, especially schools.
Most people don’t realise that a school – particularly one with a good local reputation – can help to enhance the overall value and rental prices of homes in local suburbs.
It is no coincidence that suburbs where property values have recorded strong levels of capital growth are those suburbs with schools that have achieved high Tertiary Entrance Exam results. Therefore, when investing in real estate, recent exam results can help determine the importance of a nearby school.
Suburbs that have highly regarded schools are an obvious attraction for families. People like to buy a home in the suburb where their children are being educated.