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Coast’s hottest school zones driving property prices up

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sunshine coast, education, marketplace

THEY’RE the Sunshine Coast schools helping to keep property prices pumped up.

Interstate and out-of-town buyers are making specific inquiries with agents, seeking property that lies within specific school boundaries.

The likes of Buderim Mountain State School, Kawana Waters State College, Mooloolaba State School and Coolum State School all among the popular school catchment areas.

Meanwhile, Mountain Creek State School and it’s high school campuses remain arguably the most sought-after school catchment zones in the region.

Kevin Annetts Property principal Kevin Annetts, whose core business was in the Mooloolaba, Alexandra Headland and Maroochydore areas, said they were commonly asked about the status of property in relation to the Mountain Creek school zones.

“We get a lot of inquiry from people that want to be in the Mountain Creek school zone,” Mr Annetts said.

He said the school’s reputation as one of the region’s best had “helped” keep plenty of strength in local prices.

He said people moving from interstate or other parts of south-east Queensland were eager to make an inquiry.

“They’ll specifically ask us about the property in that Mountain Creek school zone,” Mr Annetts said.

He said they included a property’s location within the catchment area in their marketing, so strong was the desire of buyers to be in the area.

“There’s enough demand out there for properties in that area and buyers will pay a premium to be in that zone,” Mr Annetts said.

He said Mooloolaba State School was highly sought after with his clientele, with many chasing a property within walking distance of the popular primary school.

Amber Werchon Property principal and REIQ Sunshine Coast zone chair Amber Werchon said the school catchment areas affected demand, which in turn, increased property prices.

“There is no way to monitor exactly how much an area has grown due to a school catchment area, but we do know that it increases demand which in turn increase property prices,” Ms Werchon said.

“Buderim is a highly sought-after school catchment zone with more homes selling in this area than any other suburb on the Sunshine Coast (103 sales in 12 months to June).

“A large number of sales took place in Mountain Creek, another popular school catchment area, where property prices have increased by 4.3% over the past 12 months.”

Latest REIQ data showed annual median sale prices in the Sunshine Coast local government area had increased 26.3% over the past five years.

Mountain Creek (20.9%), Wurtulla (31.1%), Alexandra Headland (80.3%), Buderim (30.2%), Coolum Beach (39.5%) were among the region’s strongest five-year performers.

Originally Published: www.sunshinecoastdaily.com.au

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Education

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