Real Estate Institute: New school zoning has potential to raise Auckland house prices

Author
Newstalk ZB,
Publish Date
Thu, 22 Apr 2021, 5:44PM
(Photo / NZ Herald)
(Photo / NZ Herald)

Real Estate Institute: New school zoning has potential to raise Auckland house prices

Author
Newstalk ZB,
Publish Date
Thu, 22 Apr 2021, 5:44PM

Housing prices in Auckland could climb due to changes to school enrolment zones.

The Education Ministry is working through plans to create or shift enrolment schemes at 135 schools with some changes kicking in at the start of Term Two.

The Real Estate Institute says it poses a real concern for house prices in these areas.

Acting chief executive Wendy Alexander says it's not new behaviour, with some suburbs known for being "double-zoned" for multiple popular schools.

“You may find there are some streets where the value of the houses on one side of the street is hundreds of thousands of dollars, potentially, greater than on the other side of the street.”

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