When thinking of property investing a lot of people make their decisions based on good local schools and universities.
They want to make sure that their investment properties are located within good catchment zones or that have easy access to great universities.
However one very interesting factor that most forget and ends up being overlooked is the impact that a new demographic has to a suburb and how that impacts the school ratings.
It’s like those kids change the quality of the schools they end up going to.
Some believe that is’t because most migrants value school education, high grades and hard work much more than the people that were born in the country.
For the migrant population their kids’ education is the most important thing they could want for them and at the same time they make sure their kids take it seriously.
The Sydney Morning Herald brought up a very interesting piece about this subject with interactive maps that you can see here on this link.
Three local government areas in that vicinity – Parramatta, Blacktown and the Hills Shire – together had 244,000 adults with a bachelor’s degree or higher in 2021 which was 76,000 more than five years earlier.
David Borger, executive director of peak body Business Western Sydney, said central western Sydney has made an educational great leap forward.
“The brains trust is moving west,” he said. “If companies want to get access to talent they are going to have to establish a base in western Sydney.”
Projections by Business Western Sydney show that, on current trends, the Parramatta Council area will have a bigger share of people with a degree by 2031 than Randwick Council, where the University of NSW is located.
A separate report by Western Sydney University found the proportion of adults in western Sydney with a degree has risen from about 9 per cent to 27.2 per cent during the past two decades and is now a little higher than the national average.
Around one in seven workers in western Sydney is employed in healthcare and social assistance, a bigger share than the rest of Sydney.
Some suburbs adjacent to the Westmead health precinct, near Parramatta, have a very high rate of adults with a bachelor’s degree or higher.
This is why some people have been very successful investing closer to Hospitals and health precincts, as the quality of tenants is higher and the rents as well.
At PB Property we have multiple property options close to these locations, get in touch in case you are interested in this type of investment.
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