Industry Analysis & Industry Trends
Welfare providers in Australia have been the beneficiaries of extraordinary levels of government largesse over the past decade as spending on welfare has grown markedly. Over the five years through 2012-13, revenue for welfare providers is expected to grow by an annualised 8.8% to total $8.97 billion. Growth has been fuelled by increasing unemployment and falling disposable incomes, which have led to an increase in demand for government-subsidised counselling, training, family support and legal services. Government spending increased in 2008-09 and 2009-10 as welfare spending grew in line with targeted spending to prompt economic growth... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
A government policy emphasis on non-institutionalised care has been a pivotal factor in driving funding for welfare services in recent years. The move from government-provided care to government-funded organisations (and a growing number of private concerns) is driving significant amounts of public money into the industry, ensuring a period of sustained growth. However, the wide adoption of these services and growing pressure to rein in large public deficits suggests that the industry is mature.
One of the key indications of maturity is that the industry is expected to grow at a similar rate to the overall economy over the ten years through 2017-18... purchase to read more