Philosophical question: is doing good in our community now dead, replaced with EBITDA financial performance?

For decades Not For Profit church and charity plus community groups have built aged care beds in small metro and regional communities. Not anymore. They have gone on strike, saying the return on investment doesn’t stack up. Sorry.

Land cost, build cost, money cost, staff cost and availability, increasing regulation, and compliance have all killed the sector. If return on investment doesn’t deliver a commercial figure (StewartBrown says 9%), the Not For Profits are now not prepared to have a crack.

This is understandable against a backdrop of