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Business View Australia - July 2015 19
a large number of employees who
provide care to residents. It is
estimated that approximately half to
two-thirds of an aged care facility’s
revenues go towards labour costs.
Another factor which will contribute
to the increase in the requirement for
aged care facilities is the increasing
number of people in the country who
suffer from dementia. It is estimated
that about half of aged care
residents have this condition and
that the total number of people who
suffer from dementia is 220,000.
As the country’s population ages
the need for aged care homes and
assisted living facilities will rise.
While the Australian government
is one of the most progressive
countries in the world on the issue
of caring for older people, the
increasing demand for services by
this sectorwill result in the continued
growth of the aged care industry.