Australia news live: Brisbane tops list for most expensive private schooling; Albanese to campaign in Tasmania
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Brisbane is the most expensive city on average for an independent education, while Canberra tops the list for Catholic schools, according to a new report from an education bonds group. The data, released by Futurity Investment Group as part of its annual cost of education index today, found independent school fees in Queensland’s capital city for a student starting in 2025 would total $12,405.
Melbourne came second, averaging at $11,062, while Sydney sat at $9,838 and Canberra ranked fourth at $8,503. Catholic schools were substantially cheaper, averaging at $3,334 for the ACT, followed by $3,112 in Brisbane and $2,972 in Sydney. Melbourne was cheapest at a total of $2,363.
Futurity Investment Group’s Sarah McAdie said education costs were placing a substantial burden on many Australian families. Spiralling cost of living, rent and mortgage repayment pressures mean many households are under considerable pressure. With less discretionary money to spend, it is going to be a challenge for many families to pay for education, including school fees and voluntary contributions, which have all increased in the past year.
Good morning and welcome to our live news blog. I’m Martin Farrer with some of the best stories making the news this morning before Emily Wind takes over. Anthony Albanese is visiting Tasmania today with a high-powered delegation of ministers and is expected to spruik federal funding for the NBN and housing. The prime minister is joined today by the finance minister, Katy Gallagher, home affairs minister, Tony Burke, and infrastructure minister, Catherine King, as he continues his pre-election blitz of the country. More details soon.
