How long-term rental and homeownership supports families with kids at school

Moving house is often considered one of life’s most stressful experiences, especially for families with children and may not be able to secure long-term rental or home ownership. The move can often mean relocating to a new suburb and having to settle your kids into a new school environment all while your kids are having to juggle school, homework and meeting new friends.

Many studies show that school kids who remain in the same school in the local neighbourhood for a longer period, or for the entire education, often see better education results and social experiences at school. So, security in tenure – either owning or renting – is often very important for growing families looking to plant their roots in a neighbourhood and be part of the community for the long-term, while living in a suburb with schools that are just a stone’s throw from home.

This was the case for Deanne Roy, who recently signed up to become a resident at our 15 Thompson St. Kensington that will enable her family to rent their apartment for five years, with the option to buy their home at the end of the lease period, which is just around the corner from Kensington Primary School.

“We have found that most landlords will only allow a one-year lease when renting.  I have found this very unsettling, especially as we have school-aged children, and if we needed to move there may be limited home options that are in a suitable area.”

“Having a five-year lease is amazing and even without the option to buy, would give us the stability to see three of our children finish at the same school while living in the same home,” said Deanne.

Our Assemble Futures developments are located in established suburbs, where housing is needed most.  393 Macaulay Rd. and 15 Thompson St. the first and second projects being delivered under Assemble Futures, are both in the leafy suburb of Kensington. Kensington is just three train stops away from the CBD, making it the perfect location for school drop-off and after-school pickup. Home to, Kensington Primary School, Holy Rosary Primary School and Kensington Community High School, this well-established suburb provides great options for families who need to be close to good quality schools.

The third and latest project to be delivered under Assemble Futures, 4 Ballarat St. Brunswick, is located close to St Margaret Mary’s Primary School, Brunswick School, Brunswick North Primary School, Sydney Road Community School and Brunswick Secondary Collage, providing education stability for the families with children within the community.

If you are interested in learning more about Assemble Futures, contact our Relationships team today at [email protected]