Industry Analysis & Industry Trends
Organisations in this subdivision see to the needs of millions of Australians annually. They arrange care for those most in need and counsel those willing to hear. The subdivision employs over 507,542 people in various roles from childcare workers to nurses in nursing homes. In 2012-13, not-for-profit and private enterprises are expected to receive $38.7 billion, a combination of government funding, donations and private income. Over the five years through 2012-13, the subdivision is forecast to grow at a compound annual rate of 7.6%. Most of this growth occurred in 2009-10, but growth in 2012-13 is by no means weak. It is estimated that subdivision revenue will expand by 6.2% in 2012-13... purchase to read more
Industry Report - Starting a New Business Chapter
There are few barriers to entering the subdivision broadly, although some industries demonstrate higher barriers than others do. The cost of establishing many of these centres, such as childcare, aged accommodation or crisis accommodation, are all the primary obstacle facing potential entrants. Despite this, the costs of renting a small, strategically located venue for childcare can be relatively cheap compared with establishing an aged-care home.
Within aged-care services, there are varying levels of costs for establishing an operation. For example, a retirement community aimed at those aged from 55 to 70 years requires a great deal less healthcare equipment and nursing staff than a traditional nursing home, which requires substantial start-up costs... purchase to read more