List a property for rent or sale in Adelaide’s inner city suburbs and the first question you are likely to get from the market is: “Is it in the new (Adelaide Botanic) High School zone?”
So says Toop & Toop leasing partner James Kilroe, who noticed industry buzz about Frome Rd school a soon as its zone was announced in 2017.
The new school shares a catchment area with the popular Adelaide High School, which is on the western side of the CBD, taking in suburbs including St Peters, Walkerville, Maylands, Bowden, Brompton, Hindmarsh, Hilton, Kurralta Park, Glandore and Black Forest.
Demand for the school, which opened yesterday, has been strong, with The Advertiser reporting it is already at capacity for Year 8 enrolments, and 65 “out of zone” families who wanted to attend were not given places because they did not meet eligibility criteria.
“Absolutely, as soon as it was announced, we started to see people position themselves in that zone,” Mr Kilroe said.
“As soon as you list anything in the west it’s the first question you get.”
Mr Kilroe said many blue-chip suburbs in the catchment area, such as Walkerville, tended to attract buyers looking to send their children to private schools.
But rental properties in the catchment, especially anything modern and family-friendly, were snapped up very quickly.
“Anything modern is getting snapped up at the first or second inspection,” he said.
“People are putting in applications before they’ve seen it, wanting the school zone.”
He said modern-style rentals were in hot demand because the inner-west, in particular, still had a lot of older-style homes that were not as sought-after by families.
Renters from interstate and overseas were among the catchment’s strongest market.
“Generally they’ve got a family member here or they have done some research online and decided on that school,” he said.
Mr Kilroe had also noticed an influx of executives relocating to Adelaide on two to three-year contracts in the past two months, seeking rental properties.
They included medical professionals wanting to live in the inner west while working at the new Royal Adelaide Hospital, and defence contractors.
“We’re also getting quite a bit of demand for rental properties in the Henley High School zone, particularly with the defence contracts at Osborne,” he said.
“Anything near the beach has been incredibly busy in the last two months.”
Andrew Geppa of Ouwens Casserly Rentals said Adelaide’s city and city-fringe suburbs were always popular with renters and demand had been particularly strong around Ovingham and Bowden in recent months.
Both suburbs have been undergoing rejuvenation, with many new townhouses available.
“Most families want to be just out of the city centre. With city living, it’s young professionals,” Mr Geppa said.
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Properties on the city fringe tended to be tightly-held by owners and renters alike, he said.
He expected demand for Adelaide Botanic High School to increase as the school became more established in years to come — at the moment it is only accepting Year 8 and Year 9 enrolments.
“It’s only going to increase popularity and number and demand in that area,” Mr Geppa said.
He said many families that were renting deliberately sough-out particular school zones.
Among the most popular were Rose Park Primary, Glenunga International High School, Norwood Morialta High School and Marryatville High School.