Brisbane Real Estate; School Catchment Areas Part 1 Cont.

A few months ago I looked at the school catchment areas and the real estate pricing to understand which areas of Brisbane are desirable. It is my understanding that school catchment areas play a major role in real estate pricing with those willing to spend extra on property to ensure their children go to the right school. I am currently undertaking a review of the top five catchment areas from the 0-5km radius and 5-10km radius from the city centre.

First up today is the 0-5 km radius which includes the following suburbs.

New Farm SS

• New Farm
• Teneriffe
• Newstead

Brisbane City SS

• Petrie Terrace
• Spring Hill
• City

Kelvin Grove State College

• Herston
• Kelvin Grove

Petrie Terrace SS

• Red Hill
• Petrie Terrace

Here is the summary of my findings.

I haven't produced the same information as my previous post as I want to establish more information to get a better picture of the market but since I last posted, Vacancy Rates have increased in the New Farm, Kelvin Grove and Petrie Terrace State School Catchments but steadied in the Brisbane City State Catchment, this is interesting as there is a large number of stock coming online in the Brisbane City which will surely influence the Vacancy Rate. The average number of visits per property did not deviate much and the stock on the market dropped massively for New Farm, Kelvin Grove but rose as expectably in Brisbane City and Petrie Terrace. Time will tell when the Vacancy Rates in these areas of increasing Stock on the Market rises.

Next up I'll look at the top five 5-10 km catchment areas.