Who pays for up to two thirds of kids’ private school education in some of Melbourne’s top private schools? Grandparents!

This is more closely aligned with my mortgage broking trade than first meets the eye, because the recording of budgeting, living expenses and education expenses are going to be examined more closely than ever before when you apply for a home loan.

How’s this? For a child born in 2018, it is estimated that private school fees in Melbourne and Sydney will top the $500,000 mark from kindergarten to Year 12.

If you would like to know more about how you will be able to afford this and want to prepare your child to receive the best education, there are flexible, tax-effective investment solutions available to help your family achieve their goals.

I’ll put you in touch with Sonia Turkovic from Financial Stability to tell you how it’s possible.