Perth’s school catchment areas see soaring house prices due to migrant demand. Population growth and low supply intensify Perth’s real estate market dynamics. Suburbs in good public school catchments identified as Perth property hotspots.
Perth house prices have soared in suburbs that fall into the catchment area of Perth’s most prestigious public schools, according to Resolve Property Solutions buyer’s agent, Peter Gavalas.
These hotly contested suburbs have racked up double-digit percentage growth across the past year, with families reportedly willing to fork out more for the privilege of sending their children to some of Western Australia’s best classrooms.
Perth’s education drawcard
Gavalas believes this pattern has intensified due to the surge in migration into Western Australia, especially Perth.
According to the Australian Bureau of Statistics (ABS), Western Australia’s population growth outstripped the national average throughout 2022, with the respective rates being 2.3% and 1.9%.
Much of the population growth is being boosted by international migrants enticed by Perth’s booming economy, low unemployment rate, and high salaries.
Furthermore, Gavalas says that Perth’s top public schools are renowned for their excellence.
Peter Gavalas. Image: Supplied.
“As more international migrants are drawn to the city, demand for homes in these coveted school catchment zones is soaring,” he says.
“Families are willing to pay a premium for access to a good education, and this is driving prices up.”
Fierce competition in prime school catchments
To illustrate, Domain‘s latest house price report has found that houses near Sorrento Primary School and Winthrop Primary School have witnessed a jaw-dropping year-on-year (YoY) price jump of 23.2% during the June quarter.
Meanwhile, other hotspots near coveted secondary schools, like Carine, Safety Bay, and Ocean Reef, have experienced substantial price growths of 14.9%, 13.3% and 8.9% respectively.
“However, it’s not only rising demand and competition driving