Double Grammar Zone, if you’re an Aucklander then you’ve probably heard those three words before but what do they actually mean and why is it such a big deal?
Grammar Schools in Auckland are the cream of the public-school system. Desired by many because of the quality of education and the illustrious alumni. In the Grammar world, there are few more prestigious than Auckland Grammar School or its sister school, Epsom Girls Grammar School.
Having a house zoned for one of those areas is premium. Having one that is zoned for both the schools, that’s in a league of its own. The zones are so hotly contested in fact that Auckland Grammar School spends nearly $90,000 a year on private investigators to check if students actually live where they claim!
Aucklanders clearly value education for their children. So much so that they are willing to pay premium prices that put them in the Double Grammar Zone. To some, it’s a much better alternative than paying upwards of $40,000 per year for an equivalent private school. Especially if you’ve got 2 or more children, the cost of a quality private school education really adds up. That begs the question then, how much more are these people paying?
You can’t put a price on your children’s education!
As far back as 2017 before we knew about COVID’s existence or what would happen to the property market post lockdown, prices in the area were still hefty. The approximate minimum figure to buy into a Double Grammar Zone region in 2017 was around $2.1 million!
That may sound sensational but remember that these are houses in areas like Epsom, Mount Eden and Remuera. People from across Auckland desire to live in these regions and so properties there command a price premium just for the street address. Add a Double Grammar Zone into the mix and you have a product that is even more special.
These seemingly sky-high prices might seem excessive but then those three sought after areas exist in a bubble of their own. A bubble where it is perfectly reasonable to spend $3-4 million for a townhouse! Yup, you read that right. These suburbs really are that desirable.
In this hot market, an entry level property in Epsom’s Double Grammar Zone commands an amount of nearly $3 million. Properties at the $1 million mark are a thing of the past and those that start with $2 million are soon going to see the same fate. The Double Grammar Zone effect is truly a phenomenon in itself.
Thanks for reading! Sign up to our website to keep up to date with what’s trending in the Auckland property market.