The Queensland Government announced yesterday that they will be investing $500 million to build two new schools in inner-city Brisbane.
The plan will be to:
All very exciting for local residents, but the question we ask ourselves will how will this affect property prices in the local areas?
It should be a positive as you would expect.
Recent research done by the University of Melbourne found that good schools push property prices higher by 3.6%. The Financial Review analysed the research here.
The collaboration with QUT and UQ is also a very interesting angle and has the potential to really ‘supercharge’ these new schools for attractiveness to students, and hence parents.