The Federal Government’s 2023 Intergenerational Report has identified that the number of Australians aged between 65 and 84 will grow from four million today to five million in 2033 – an increase of one million people in just 10 years.
The number of people aged over 85 will grow from 600,000 today to 900,000 by 2033 and 1.4 million by 2043.
How much will it cost to build and refurbish the beds required to meet this demand? $50 billion, according to Regis Healthcare CEO Dr Linda Mellors.
What, then, are the solutions?
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Funding
Macquarie Bank reduces its substantial stake in Ingenia Communities
The global financial services group has continued to reduce its stake in the owner/operator of land lease and rental communities and holiday parks. Macquarie Bank had a significant voting power of 10.92% in April last year, but the substantial...