With just 6,500 beds built across the aged care sector in the last four years, investors are chasing existing homes as they look to build scale.

Forget shiny new developments. In today’s aged care market, brownfield is the new gold.

Deals are happening at a pace not seen in years – see our timeline below. Every week, another aged care home changes hands. The common denominator? They’re already built, already operating, and already generating cash flow. In a sector where the cost of construction has exploded and compliance is pushing small players to the brink, existing facilities have never been more valuable.

The compliance squeeze

The first driver