Changes to school zones in 2022 are set to bring substantial increases to the value of homes that are suddenly cast into sought-after zones.
While most school zones will remain unchanged, a number of them will be realigned to accommodate the “14 new schools and campuses opening next year, as well as changes in enrolment demand”. These new schools are part of the State government’s 100 New Schools program, which is scheduled for completion in 2024.
With some of Melbourne’s most highly-regarded state schools falling within the new zones, homeowners suddenly finding themselves within these zones can expect to profit from the changes. As Rebecca DiNuzzo reported on the weekend, the in-demand campuses of “Albert Park College, Frankston High School and McKinnon Secondary” are among those subject to zone updates.
While some homeowners will reap the benefits of the upcoming changes, a number of others can expect to be suddenly cast out of a zone they’d prefer to remain within. Nevertheless, several other factors can contribute to the market value of a property, including “employment options, good public transport and road infrastructure [and] amenities like parks, cafes and shopping centres”.
To see all zone changes that will come into effect next year, simply visit the Victorian government’s Find My School page and compare the 2021 and 2022 zone boundaries.
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