Soaring property prices in sought after school zones

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The trend of paying a premium for properties in sought after public school zones is nothing new.

However, due to the pandemic and continued harsh lockdowns, more and more disheartened families are yearning to abandon Melbourne for a sea or tree-change. This has seen a sharp increase in home prices within popular school zones. For instance, some parts of Mount Eliza have seen property prices rise as high as 45%.

Inner city has also seen an upward spike in good public school zones such as Eltham and Richmond. Not quite as significant as along the coast but still a substantial rise.

Read a little more about the cost of buying a home in and around popular school zones as reported by Domain’s Senior Journalist, Melissa Heagney.

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