Another back-to-school purchase for many families is a new home

first_imgRemax Real Estate Agent Garry Byrnes outside 314 Stanley Street, North Ward.IF you’re looking to get the best return possible for your investment property, consider buying in school catchment zones.According to Senior Buyers Advocate from National Property Buyers Rob Di Vita, houses within a school catchment zone can be up to $50,000 to $100,000 more expensive than surrounding areas.“What tends to happen is when owner-occupiers are buying in those zones, they tend to be a bit more emotional and pay a premium to get in,” he said.“While the catchment zone effect can vary from between an extra 5-20% when it comes to price, the premium families are willing to pay often depends on the school’s academic record.”With Townsville at the bottom of the property market, now is certainly a good time to invest says RE/MAX sales agent Garry Byrnes.Mr Byrnes, who predominantly sales property within the CBD district, said North Ward’s Townsville Grammar School and Belgian Garden’s State School were big draw cards for parents looking to buy.“Townsville has been experiencing some buyer activity where the buyers are taking the location of schools, both private and public, into consideration with their preferred suburb,” he said.“I’ve been fielding an increase in buyers and have been selling homes to those looking to move into North Ward, Castle Hill etc with a view that their children can attend the schools, private and public, located here. “The end result is that everyone in the family can enjoy the facilities and lifestyle these suburbs offer as well as provide good schooling.”More from news01:21Buyer demand explodes in Townsville’s 2019 flood-affected suburbs12 Sep 202001:21‘Giant surge’ in new home sales lifts Townsville property market10 Sep 2020As properties in school catchment zones tend to be located in sought after inner-city areas, Mr Di Vita said he recommends clients buy within school catchment zones, provided they don’t pay too big a premium.“If their (the buyers’) view is to hang onto it for 10-15 years, based on historical growth patterns the property will perform and they will make their money, generally speaking, if they are buying in the right area,” he said.Di Vita says the only real no-no about buying in a school zone involves buying a home that is opposite or next to a large school as the traffic and noise may be an issue for potential buyers in the future. But not all property experts recommend buying in a catchment zone.According to Simon Pressley, Managing Director at Propertyology, investors should recognise that not all buyers are swayed by catchment zones.“It’s worth keeping in mind though that this is not a one size fits all thing; it’s not like everyone living within a particular part of town has school-aged children and or wants them to go to that one school,” he said.“Catchment zones are one of those subjective things which are important to some people and not important to others. When searching for investment properties, Propertyology places more priority on considerations like affordability, proximity to employment, dwelling styles, future housing supply, and rental return.”Can’t afford to buy, renting may be another alternative according to Di Vita.“It depends on their (buyers’/parents’) long-term goals too, but we’ve assisted with that. sometimes if it’s well beyond their means, that’s certainly a consideration,” he says.Parents and investors should keep in mind that the reputations of top schools do change over time and new schools are being built with excellent facilities.last_img read more

Ladbrokes confirms partnership with All-Weather Championships

first_img Ladbrokes has strengthened its relationship with British Racing, signing a new three year partnership with the Arena Racing Company (“ARC”) to sponsor two categories of the All-Weather Championships.A founding sponsor of the All-Weather Championships in 2013, Ladbrokes will now sponsor both the “Fillies and Mares” and the “Three-Year-Old” categories. The deal will see the Ladbrokes branding displayed prominently on track and Ladbrokes race titles for all races in the two categories across the four ARC All-Weather Championships racecourses, Newcastle, Wolverhampton, Southwell and Lingfield Park.The sixth season of the All-Weather Championships will start on 23 October 2018 at Newcastle Racecourse and will once again culminate in the £1 million All-Weather Championships Finals Day at Lingfield Park on Good Friday (19 April), 2019.Simon Clare, Ladbrokes Coral PR Director, commented on the deal: “The All-Weather Championships has very quickly become a firmly established and very successful part of the British racing calendar and we are proud that we were one of the founding partners of what was such an innovative new initiative when launched in 2013. It is therefore great that Ladbrokes is back involved as a partner of the Series and we look forward to contributing significantly to the future success of the All-Weather Championships.”As it falls within the All-Weather Championships’ “Three-Year-Old” category, Ladbrokes will also take over title sponsorship of the Listed £100,000 Ladbrokes Burradon Stakes at Newcastle on Good Friday. The race was won in 2018 by Phoenix Thoroughbreds’ Gronkowski, who went on to finish runner-up behind US Triple Crown winner Justify in the Belmont Stakes in June.Director of Partnerships at ARC, David Leyden Dunbar added: “We are delighted to welcome Ladbrokes back to the All-Weather Championships for season six.  As an original partner back in 2013, they were hugely important in helping to establish the Championships into the competition they are today, popular with racing fans, punters and horsemen.“Our racecourses are very much looking forward to working with their team over the coming months as we get underway with another fantastic All-Weather Championships season.” Share Related Articles GVC absorbs retail shocks as business recalibrates for critical H2 trading August 13, 2020 GVC ‘surprised’ at widening of HMRC’s Turkey investigation July 21, 2020 Submit ITV secures three-year British racing broadcast deal August 5, 2020 StumbleUpon Sharelast_img read more