Actually although it is a school for rich kids it commands a very very high teaching quality with extremely low student teacher ratios. (11 students to 1 teacher). Has the highest ranking in student salaries, top ranking in student employment (although this could be due to the rich parents) and student satisfaction. From my understanding talking to academics it is one of the only universities in Australia to be classed in the same ranking group as Harvard. (no that doesn't mean it is as good as harvard byut that it is considered very good)