Reporting dangerous driving?

[BA Baracus]

I have some lad in my area driving like a moron on pretty much a daily basis. He's on red P's in a turbo and the house he's coming to and from all the time is in a school zone about 150 meters from the school. He sees no issue in burnouts and drifting his car in broad daylight right outside or in the area near the house. This past Monday he flew round a corner half sideways toward me at 4 o'clock in the afternoon. The area I'm in has a lot of kids that ride bikes and walk to and from the primary school and people jogging etc and this fella has a pretty decent probability of killing someone if anything doesn't go to plan.

The house he visits (dunno if he actually lives there) is somewhat of a party house on the weekends and showing off out the front gets big cheers from the party goers. He's not the only one who does burnouts and that around the house but there's a difference between on a Friday or Saturday night and daytime on weekdays. Some of the other goings on are still highly dodgy but not a daily ongoing thing like this lad.

Is there any point in reporting him? ..and can anything be done without him being seen doing something?

I don't really want to go and confront him because I have a young baby and don't want to bring problems to my place. Last Friday night four cars did burnouts outside the house about 6pm with him being the last and someone driving normally along the road had to stop and wait for him to finish his, then about 15 people ran out to the footpath from the house and abused the person that was stopped just waiting. I don't really want to bring that sort of hostility to my front door. I don't even care either though if he get's in any strife I would just like him to settle down. It has been going on for about 6 weeks now and at ridiculous times of day.

I'm not a wowser and don't care at all about the parties or the odd burnout or whatever, but it's beyond a joke when it's every time this fella comes or goes from the house. I have a 4 week old son I would like to start walking in the pram when I get home from work to give the wife a break but I'm not game to take him out with this nutter around.

Is it completely pointless calling up about him? I'm not even that close to the actual house so I'm guessing closer neighbours might have already tried.

I know it's a sketchy thing to ask on a car site but I'm sure even the most spirited drivers that may be on here would have to have more tact, commonsense and judgment then this fella.