Accountant Marcus Willison of Ernst & Young made another significant prediction, namely that a big village operator will go into receivership in the near future. This would make the cherry picking scenario for the above overseas entrant easy but will be potentially very damaging for the industry, having the less desirable villages (and their residents) left languishing while the receivers price is knocked down.
Lowest number of aged care beds on record added in 2024-25
Residential aged care bed growth is being rapidly outpaced by demand, with resident numbers increasing by about 5,000 per year versus just 800 net new beds in 2024-25.