Whilst not new strategy, I thought it is worth while bringing it up again given the news brought up about how to "save" half a million dollars for the family by buying houses in top school catchment areas:
http://news.domain.com.au/domain/re...e-half-a-million-dollars-20150121-12s1m2.html
This is based on report that it costs 500K per kid to send them to private school from young to year 12:
http://www.smh.com.au/national/educ...-sydneys-private-schools-20150119-12taha.html
500K is a lot, enough to buy a house in most of Australia. Whilst I haven't been to private school before, and I am sure that there are benefits on private, however I cannot see justification personally spending that much on private when you can simply go to good public school without spending that much amount. Most importantly, you can borrow at low interest rates to buy houses in good catchment areas, you would need a personal loan (higher interest rates) to fund private school education.
http://news.domain.com.au/domain/re...e-half-a-million-dollars-20150121-12s1m2.html
This is based on report that it costs 500K per kid to send them to private school from young to year 12:
http://www.smh.com.au/national/educ...-sydneys-private-schools-20150119-12taha.html
500K is a lot, enough to buy a house in most of Australia. Whilst I haven't been to private school before, and I am sure that there are benefits on private, however I cannot see justification personally spending that much on private when you can simply go to good public school without spending that much amount. Most importantly, you can borrow at low interest rates to buy houses in good catchment areas, you would need a personal loan (higher interest rates) to fund private school education.