While much of the care industry is retreating from providing new high and low care, Aevum sees increasing profits. They state there site only (i.e. no corporate overheads) EBITDA profit per bed as $8,984 for high care and $11,412 for low care, and were also claiming that they anticipate further improvement in earning performance with the new ACFI payment scheme.
Property Council urges Cessnock to ease path for senior housing
The Property Council of Australia has called on Cessnock City Council in the NSW Hunter Valley to take bold action to unlock more housing choices as the region, 154km north of Sydney, continues to grow at record pace.