Prestigious private school splashing cash on neighbouring houses
The expansion tactics of one of Melbourne’s most prestigious private schools has captured the attention of Ross and John.
Scotch College recently bought a neighbouring house for almost $1 million ABOVE the auction reserve, according to Domain.com.au
I tell you what, there’d be a few people on Hambledon Road picking up the blower this morning and ringing the headmaster and saying can we talk!
– Ross Stevenson.
The school now owns all but 11 of 27 houses in Hawthorn’s Hambledon Road.
The school has reportedly spent about $25 million on property in Hambledon and Fordholm roads alone.
Ross and John found out more from Dr Andrew Wilson, Chief Economist at Domain.
Click PLAY below to hear the interview