Respected international accounting firm PricewaterhouseCoopers has issued a report on forecast costs of an aged care bed looking forward to 2020. On average they calculate it will cost $170,000 per bed to build the infrastructure for one bed. This compares to the government estimate of $105,000, or 38% less. The report was commissioned by the Aged Care Industry Council.
Developments
Only in SATURDAY: why future proofing villages building to 9C pays
Building retirement villages to Class 9C standards can add up to 10% to the total cost of construction. But for a growing number of operators, the upgrade is no longer optional.