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Sydney: Dual Challenges of Family Education and Real Estate Market
Apr 13, 2024
Sydney: Dual Challenges of Family Education and Real Estate Market Sydney
By   Internet
  • City News
  • School District Property
  • Real Estate Market
  • Price Impact
Abstract: The reconfiguration of school districts and the trend towards co-educational schools in Sydney's Inner West and Southern regions will have far-reaching effects on families and the real estate market. Parents will need to weigh the pros and cons to ensure the best educational resources for their children while also considering the risks and returns of real estate investments.

Chinese-Australian families in Australia generally place special emphasis on their children's education, recognizing the importance of a good educational background for their future. To secure enrollment in high-quality public schools, many families spare no expense in purchasing or leasing school district properties. However, the impending school district restructuring in Sydney's Inner West and Southern regions in 2025 poses a new challenge for these families.


According to the New South Wales government's plan, by 2025, 20 single-sex schools will gradually transition to co-educational institutions, accompanied by an expansion of school district boundaries. This change aims to provide parents with more choices, making it easier for them to select the most suitable schools for their children. Specifically, school districts for co-educational schools in areas such as Marrickville, Menai, and Bankstown will expand, significantly increasing parents' options even though the boundaries for single-sex schools remain unchanged.


Sydney: Dual Challenges of Family Education and Real Estate Market

Internet


For example, students originally belonging to Ashfield Boys and Burwood Girls will have the opportunity to choose between Concord High, Strathfield South High, or Dulwich Hill High, depending on their new residential location. Similarly, students from Canterbury Boys and Girls can also choose to attend Kingsgrove North High, Kingsgrove High, Strathfield South High, Dulwich Hill High, and Marrickville High.


This change not only affects school choices but also has far-reaching implications for the real estate market. The presence of school district properties makes the properties in these areas more likely to retain their value and appreciate, even in the event of interest rate hikes by the Reserve Bank of Australia. For example, in the Strathfield-Burwood-Ashfield area, which includes Ashfield Boys High School, Burwood Girls High School, and Canterbury Boys and Girls High School, property prices have risen by 23.5% in the past year, reaching AUD 2.31 million.


For parents, their children's education is a significant consideration when purchasing a property. The presence of school district properties means that property prices in these areas may continue to rise, especially in newly incorporated school districts, where price growth may accelerate. Therefore, many real estate experts predict that once the school district policies are confirmed, property prices in these areas may increase rapidly.


On the other hand, more families prefer their children to attend co-educational schools. The co-educational learning environment helps children develop comprehensively and avoids the potential effects of prolonged same-sex contact. As the number of co-educational schools increases, parents will have more opportunities to choose, making their children's education more convenient.

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Sydney: Dual Challenges of Family Education and Real Estate Market
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