Australian Finance Podcast

The King's private school, renovation loans and mortgage vs super – Q&A

9 snips
Jan 29, 2026
They debate the financial and emotional trade-offs of private schooling and whether status outweighs measurable benefits. They explain who to consult and how renovation lending and construction-style loans actually work. They outline tax rules and structures for kids’ investment accounts as they turn 18. They weigh redirecting extra mortgage payments into after-tax super and the practical cash-flow and timing pitfalls.
Ask episode
AI Snips
Chapters
Books
Transcript
Episode notes
ADVICE

Start Public, Consider Private Later

  • If a good public school is nearby, start there and consider private school later only if needed.
  • Gemma Mitchell recommends delaying private school entry to save cash flow and test fit first.
ANECDOTE

Melbourne’s Elite School Example

  • Owen Rask highlights Melbourne's expensive private schools and name‑drops Geelong Grammar and Scotch College as high‑fee examples.
  • He uses the example of the King attending Geelong Grammar to illustrate elite school status.
INSIGHT

Private School Advantage Is Mostly Networks

  • Private school shows little academic advantage but provides networking and nepotism benefits.
  • Owen Rask highlights that connections often drive later earnings more than classroom outcomes.
Get the Snipd Podcast app to discover more snips from this episode
Get the app