09 Apr Buying a Home in the MSHS Catchment
Buying a Home in the Mansfield State High Catchment
Few state high schools are as popular or in-demand as Mansfield State High School.
This is hardly surprising when you consider that the school is currently rated #2 on the Better Education website’s list of Queensland’s best public schools. It’s also located in one of Brisbane’s most liveable areas.
If you’re considering buying a home in the Mansfield State High catchment area, there are a few tips and tricks you should know first. That’s why we’ve put this blog together – to ensure you have the information you need to make an informed decision about buying in your chosen school catchment.
Because Mansfield State High is so popular, out-of-area enrolments are extremely restricted – almost non-existent. This isn’t just a policy, it’s the law. Which means that if want to send your kids to the school and you aren’t willing to gamble with this aspect of their future, you need to live in the catchment area.
The catchment area
It’s fairly common knowledge that Wishart and Mansfield are in the Mansfield State High catchment area. But the catchment’s boundaries are actually quite complex. In addition to Wishart and Mansfield, the boundaries also encompass the entire suburb of Mackenzie, plus segments of Upper Mount Gravatt, Mount Gravatt East, Carindale, Rochedale and more.
Thankfully, there’s a simple way to check if a property you’re interested in is located in the school’s catchment.
The Queensland government’s “Ed Map” shows the boundaries for every public school in the state. You can use the search bar to search for a specific house address, or you can type in the school’s name. Either approach will show you the catchment boundaries, helping you determine whether the property you’re considering is actually in the catchment or not.
Like any area, house prices in the school catchment do vary. Depending on the size and type of home you’re looking at, you can expect to pay anywhere from around $500,000 up to $1.3 million. Units and townhouses will obviously sell for a little less than houses.
For investors, the most obvious benefit of buying a property in the Mansfield State High catchment is demand. As an in-demand area, your chances of enjoying 100% tenancy are pretty high.
But there’s also another key benefit to buying in the area for both home owners and investors: capital growth. Because they’re in high demand, houses in the school catchment – especially those located in Wishart and Mansfield – fetch more money than houses outside the catchment. So even if your kids go to private school or you don’t have any kids at all, it’s worth considering buying in the area because of the capital gains you’ll experience thanks to your location in the catchment. After all, you don’t just buy a property to live in or rent out – you also buy for the prospect of capital gains.
Now you know where to look for properties and how much they should cost, it should be easier to find the right home in the Mansfield State High catchment.
But if you have any questions at all, we’re here to help! Simply call Henry today on 0412 471 588.