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High school sporting prowess dictates property values says new research

Tags: Residential

Housing prices in Auckland are intricately linked to the sporting prowess and achievements of their local high school, according to new research.


   
   
Housing prices in Auckland are intricately linked to the sporting prowess and achievements of their local high school, according to new research.

The comparative data analysed the number of accolades state high schools achieved in the high-performance 2016 Young Sportsperson of the Year awards, then correlated those schools with the median house values in catchment zone suburbs feeding pupils into the schools. The findings were then compared to the Auckland-wide median house price for the same period.

Private fee-paying and religious denomination schools were excluded from the analysis as they are exempt from the Government’s extremely precise school zoning requirements - meaning pupils can attend such institutions from virtually anywhere in the city.

The study – undertaken by real estate agency Bayleys – found the sporting achievements of six Auckland state schools in particular were closely linked to the property values in surrounding suburbs noticeably outperforming market averages.

The leading Auckland State secondary schools identified by Bayleys from the 2016 Young Sportsperson of the Year awards were:    
• Rangitoto College in Mairangi Bay – whose catchment suburbs include Mairangi Bay, Murray’s Bay and Campbell’s Bay    
• Westlake Boys High School in Forrest Hill - whose catchment suburbs include Forrest Hill, Milford, and Sunnynook    
• Westlake Girls High School in Forrest Hill - whose catchment suburbs include Forrest Hill, Hillcrest, Takapuna, and Sunnynook    
• Takapuna Grammar School in Belmont - whose catchment suburbs include Devonport and Takapuna    
• Epsom Girls Grammar in Epsom - whose catchment suburbs include Remuera, Parnell, Mt Eden and Epsom    
and    
• Mount Albert Grammar School in Mt Albert - whose catchment suburbs include Kingsland and Mt Albert.

The sports awards are made by secondary school sports administration body Auckland College Sport, and are based on achievement at both national and international levels. Under that criteria, the best performing State schools highlighted that:
• Rangitoto College pupils were recognised in the awards for being top in basketball, hockey and yachting.
• Westlake Boys High School students took out honours for rugby league, squash, boys’ triathlon, volleyball, badminton, distance running for boys.
• Westlake Girls High School pupils received honours for basketball, tennis, and service to sport.
• Takapuna Grammar students were the city’s best at distance running for girls, orienteering, and girls’ triathlon.
• Mount Albert Grammar School scholars headed the podium in football, mountain biking, rugby union, and underwater hockey.
• Epsom Girls Grammar students won recognition in the fields of lacrosse, cricket, table tennis, trampolining and service to sport.

Independent property data from the Real Estate Institute of New Zealand shows that residential property values in Greater Auckland rose 21 percent between the year ending March 2015 and the year ending March 2017.

By comparison values in the zones feeding Auckland’s top six state sporting schools all out-performed the market… some by as much as whopping 20 percent:    
• Residential property prices in Mairangi Bay, Murray’s Bay and Campbell’s Bay rose 41 percent
• Residential prices in Forrest Hill, Milford, and Sunnynook rose 26 percent 
• Residential prices in Forrest Hill, Takapuna, Hillcrest, and Sunnynook rose 29 percent 
• Residential prices in Devonport and along the isthmus to Hauraki Corner rose 30 percent 
• Residential prices in Remuera, Parnell and Epsom rose 28 percent between 2015 and 2017
and
• Residential prices in Kingsland and Mt Albert rose 34 percent.

The research acknowledged that for some of the high schools, some suburbs were ‘sliced’ in half by strict zoning boundaries. Bayleys national residential manager Daniel Coulson said the findings underpinned the clichéd property mantra of: ‘Location. Location. Location.’ when it came to ranking one suburb’s attributes and land values above another. 

He said this was particularly pertinent for families with primary and intermediate school-aged children looking where to buy so the offspring could attain the best sporting education possible under the state system.

“While residential real estate agents in Central Auckland often espouse the phrase ‘Double Grammar Zone’ in their marketing speak for homes in Epsom, Newmarket, Remuera and Parnell, the Real Estate Institute of New Zealand data in fact highlights that zoning is just as relevant on Auckland’s East Coast Bays for the access provided to Rangitoto Collage, in Forrest Hill and Sunnynook feeding the two Westlakes, in Takapuna and Devonport for their catchment to Takapuna Grammar, and around Kingsland/Mt Eden/Mt Albert for their feeder channels into Mt Albert Grammar,” Mr Coulson said.

“All of these schools won multiple 2016 Young Sportsperson of the Year awards.

“A school’s sporting prowess usually also transfers into academic successes. Sport is a pillar of a school’s culture and ethos. So it’s no coincidence that the better performing sports schools also tend to have higher academic achievement standards too,” Mr Coulson said.

“Combined, these two benchmarks are attractive factors for parents buying homes in the school’s feeder suburbs – especially when you consider that for many youngsters now, sport has every possibility of sustaining careers in the same way that a generation or two ago students aspired to be doctors, lawyers or accountants. It’s why home buyers are prepared to pay more for a home in one suburb so their children can attend the high school servicing that location.

“Interestingly, four out of the top six State sporting schools in Auckland are located on the North Shore. – which underpins the area’s cliché of being ‘outdoorsy’ due to its proximity to beaches and green-belt on its northern boundary.”

Mr Coulson said it was no surprise that the suburbs with much of Auckland’s cheapest median priced housing stock – including Otara, Manurewa, Mangere East, Otahuhu, Swanson, Birkdale, Papakura, and Three Kings - had far less representation in the Auckland College Sport sports awards.

“Supporting a high performance secondary school athlete can be quite demanding on the household budget – particularly for disciplines involving substantial travelling costs for training or competition, and for codes such as mountain biking, road and track cycling, yachting, equestrian, and rowing where equipment costs are significant,” Mr Coulson said. 

“A higher disposable household income not only sustains the ability for parents to fund a teenager’s high performance sporting ambitions, but also enables the family to service the higher mortgage necessary to buy into those suburban locations. So the two factors are intricately linked.

“The sporting and educational prowess of a school - along with other environmental criteria such as property’s proximity to social amenities and employment, as well as the demographic make-up of its immediate proximity - plays a part in the selection process for buying a dwelling in Greater Auckland.”

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