I'm looking at Balwyn north for an IP. Just come across with one property that asked for $150k lower than others in the suburb because it is out of Balwyn High School zone.
It makes me wonder how much does that catchment zone cost? I know it costs at least $100k and Balwyn high school is a really good school. However, most of my friends who are able to buy in the zone, still send the kids to the private schools nearby. So is it just a psychological effect to pay the premium to buy in the zone?
It makes me wonder how much does that catchment zone cost? I know it costs at least $100k and Balwyn high school is a really good school. However, most of my friends who are able to buy in the zone, still send the kids to the private schools nearby. So is it just a psychological effect to pay the premium to buy in the zone?