Construction prices are increasing, causing many operators to place projects on hold. Carrington Care Chief Executive, Raad Richards, is undaunted, adding over 300 ILUs plus residential aged care to his already significant single location outside Sydney. Raising prices is the only way to cover the increased costs but you must have the right product – and know your market.

Not For Profit Carrington Care is a case study of how operators can increase their prices to counterbalance the rising costs of development – and tap into the growing demand for a ‘care’ option between retirement living and residential aged care.

During COVID-19, many aged care and retirement living providers put t