Parent median income at every private school in state revealed
New tax office data reveals that parents at several elite Sydney private schools now have a median annual household income exceeding $500,000. The data is used by the government to determine school funding levels based on capacity to contribute.
Why it matters
This highlights the growing wealth gap in the education sector and the complexities of government funding models for independent schools.
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Share A A A Parents at four Sydney private schools now have a median annual household income exceeding half a million dollars.
Four schools – Wenona, Queenwood, SCEGGS and Mosman Church of England Preparatory School – were the first to join the $500,000 club last year after parents’ median family pay packets crossed that income threshold, tax office records show.
Wenona, Queenwood, SCEGGS and Mosman Church of England Preparatory School have joined the $500,000 club. Michael Howard At Cranbrook, the median parent income for that school jumped by $83,000 in two years, or 9 per cent annually, to $485,000, outpacing recent fee increases. Year 12 fees now stand at $52,000.
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