Home buyers form queue for best school zones
Wanted: Three to four bedroom house in the much sought-after Elmwood Normal Schools area of Christchurch. Money available: $600,000. Problem: No one wants to sell.
Sunday, September 28th 2003, 5:55AM
by The Landlord
Immigrants and people shifting to Christchurch from other parts of New Zealand are targeting areas they think have good schools - in particular Elmwood, Christchurch Boys and Christchurch Girls, and Burnside High Schools.
As a result, property prices in those areas are booming.
The same has happened in Auckland, where Auckland Grammar and Epsom Girls have raised prices in those suburbs. To a lesser extent a similar trend is developing in the capital around Wellington College and Samuel Marsden School.
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