As the sector grapples with the challenges of raising the capital for expensive new aged care beds, the question of ‘why build new beds at all?’ remains unanswered.
As The Weekly SOURCE has reported, the cost of building an aged care bed has doubled since the COVID-19 pandemic, with land, development and operational costs pushing the average bed price to over $600,000 in some metropolitan areas.
But there is another little-discussed question holding back the delivery of new beds: why and what should the sector be building to support future ageing Australians?
For more on this topic – including the former Acting Inspector-General of Aged Care, Ian Yates AM’s thoughts – check out the next issue of SATURDAY, out Friday, 14 February at 12pm. Subscribe here.
Ian will also be on stage at the upcoming LEADERS SUMMIT, 18-19 March in Sydney so make sure you secure your spot. Register here.
