I am sure this is not something new to most of your guys. Traditionally school is the top item for any parents when they consider purchasing properties. This phenomenon is mostly restricted to public schools as top schools tend to have very strictly restricted catchment or intake area. In the last few years, properties within the desirable school catchment compare to ones that are just out can command difference in price of hundreds of thousands of dollars.
There was an article discussing this exact same thing about parents buying into the St Ives North Public School catchment to ensure a position for their children. This is happening all around Sydney and rest of Australia, not just this particular school. However investing properties just based on current school catchment is a rather risky business, schools can close, new schools can open and result in a change of existing catchment, catchment can shrink due to enrolment pressure etc.
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