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That's exactly the reason that Jools introduced the My schools website. How well does my school rank oops how disadvantaged are the kids at my school? ;) An example from my growing years. I lived in a very odd street (basic inner west of old, not out as far as druggies paradise of Croydon)...

Would have been cheaper sending them to a private school than buying a unit with no tax deductions.

I read an article a few weeks ago (Sydney moaning Herald) that although kids who have attended a private school were more likely to have completed a degree, there were no discernable difference between the cohorts on career progression once they have entered the workforce.