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Valuations peak, costs climb: Why For Purpose Aged Care is doubling down on new builds

For Purpose Aged Care CEO Matthew Filocamo is blunt: valuations may be at their peak, but the sector can’t stand still. While higher book values have boosted borrowing capacity, Matthew says the real challenge is rising construction costs, forecast to outpace inflation for the rest of the decade. His answer? Keep building – four homes a year – but focus on regional centres where land is che...

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