Parents take their children to a primary school in Melbourne, Australia, on October 12, 2020. Daniel Pockett/Getty Images
Some Australian families are paying up to $1.3 million (US$860,000) in premiums for houses in top public school catchments, zones where enrolment is determined by residential address, in Melbourne and Sydney.
While these properties typically offer lower long-term capital growth compared to standard houses, they may offer a cost-effective alternative to paying private school fees.
