The business case for building new aged care beds is increasingly out of reach for most operators. Banks and boards see the increased construction costs and interest rates as major barriers to funding new projects. Increased revenue per bed is the best hope for new construction to match growing demand. The Aged Care Taskforce recommendations and Plan B co-contribution is the only solution.

At our 2023 LEADERS SUMMIT, Commonwealth Bank’s National Director of Healthcare, Brian Wong, impressed the audience with some hypothetical examples outlining the impact of the rising cost of building aged care and retirement villages.

12 months on, we approached Brian to revise these figures to reflect