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If you are planning to buy and live there for a long time and have concern for kids education, have a look at the following website for school rankings etc: http://bettereducation.com.au

Neutral Bay is not accessible by train which would be an issue though. But yes (not sure why) it seems that Northern (and NW) Sydney have better schools than south. Kenny_l, how old are your kids? Quality of schools in Sydney varies greatly and you may want to consider getting your kid into...