Industry Analysis & Industry Trends
Nursing homes provide 24-hour high-level care for residents typically aged over 70 and for severely disabled younger people. The industry has grown strongly over the past decade and is set for continued expansion, mainly due to Australia's ageing population. By 2051, nearly 20.0% of Australia's population is expected to be over 70 years of age.
Australia's ageing population suggests that industry revenue should grow strongly. However, the industry's performance has been partly restricted by budget constraints and target provision ratios that control the expansion of funded aged-care places.
The Nursing Homes industry is expected to generate revenue of $10.3 billion in 2013-14, following annualised growth of 5.8% over the past five years... purchase to read more
Industry Report - Industry Locations Chapter
The Federal Government plays a dominant role in the geographic profile of the industry, via its allocation approvals process which controls the number, the type and the locality of aged care places. Historically the distribution of the Australian population aged 70 and over has been used to determine this with the government operating a national target of 113 aged care places per 1,000 persons aged 70 and over. In the case of high care residential places, the target roughly equates to 42 places per 1,000 people aged 70 and over.
New South Wales has the largest number of people in high residential care which outweighs both the state's share of the population aged at least 70 years and its share of total residential care places... purchase to read more