The Tuesday WRAP – PwC data suggests village sector is going backwards
This week’s Tuesday WRAP looks at the PricewaterhouseCoopers (PwC) Property Council Retirement Census, essential reading for every operator in the country.
The data complied by PwC suggests, in some respects, the village sector in Australia is going backwards, or at the very least falling short of the development required to maintain market penetration.
DCM Group CEO Chris Baynes unpacks this data and compares the Australian village sector to operators in NZ like Ryman Healthcare who’ve employed a continuum of care approach to deliver strong results and low numbers of vacant stock.
The message?
The Aged Care Royal Commission is providing the perfect opportunity to move to NZ’s continuum of care model and in doing so survive, and thrive.
Read further analysis from Chris Baynes here.