Most expensive and richest Launceston schools revealed

We reveal the most expensive Launceston schools to send your kids to and how much money they are pocketing. Find your child’s school in our interactive or compare others in your area.

LAUNCESTON’S richest school raked in more than $72.7 million in three years and parents wanting to send their kids to the region’s most expensive school have to fork out $14,114 per year, tightly held school statistics reveal.

An independent analysis of school financial records from the MySchool website have shown the massive amount of money some schools make every year, and how little some schools are forced to scrape by on.

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The figures revealed St Patrick’s College in Prospect Vale had a higher gross income than any other school in the Launceston region.

The school made a gross income of $72.7 million, according to financial records from the three most recently available years.

The region’s second richest school was Scotch Oakburn College in Newstead which had a gross income of $57.8 million.

The school with the third highest gross income was Launceston College, which made $57.8 million.

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The figures include all fees, charges and parental contributions as well as State and Federal Government funding and any other private sources over the 2015, 2016 and 2017 years.

It does not include any deductions for capital works or debt servicing.

The analysis does not include special schools or schools that did not have complete financial data in MySchool for one or more of 2015, 2016 or 2017.

Newstead Christian School had the lowest gross income of any school in the Launceston region. It made just $3.5 million over the three year period.

The region’s school most expensive school was Scotch Oakburn College in Newstead where the average amount parents had to fork out in fees, charges and contributions in 2017 was $14,114.

Launceston Church Grammar School, in Mowbray, had the Launceston region’s second highest average parental contributions with $13,085.

The school with the third highest parental contributions was The Launceston Preparatory School, where the average contribution was $7010.

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LAUNCESTON’S RICHEST SCHOOLS (2015-2017):

St Patrick’s College: $72.7

Scotch Oakburn College: $71.1 million

Launceston College: $57.8 million

Launceston Church Grammar School: $52 million

Newstead College: $34.6 million

Riverside High School: $30.5 million

Queechy High School: $28.3 million

Launceston Christian School: $27 million

Riverside Primary School: $23.4 million

Kings Meadows High School: $22.6 million

Brooks High School: $21.4 million

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LAUNCESTON’S POOREST SCHOOLS (2015-2017):

Newstead Christian School: $3.5 million

John Calvin School: $4.1 million

The Launceston Preparatory School: $5.9 million

St Anthony’s Catholic School: $6.6 million

Larmenier Catholic School: $7.1 million

Waverley Primary School: $7.5 million

St Leonards Primary School: $9.8 million

St Finn Barr’s Catholic Primary School: $10.1 million

St Thomas More’s Catholic School: $11.1 million

Invermay Primary School: $11.3 million

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LAUNCESTON SCHOOLS THAT COST PARENTS THE MOST PER YEAR (2015-2017):

Scotch Oakburn College: $14,114

Launceston Church Grammar School: $13,085

The Launceston Preparatory School: $7010

Launceston Christian School: $3581

St Patrick’s College: $3411

John Calvin School: $2948

Newstead Christian School: $2806

Tamar Valley Steiner School: $1960

St Thomas More’s Catholic School: $1860

Larmenier Catholic School: $1771

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