The seniors living sector in Australia is changing rapidly. The increased popularity of lifestyle focussed home parks, and other legislative and market-based drivers are creating opportunities and challenges in equal measure.
Reductions in government funding and increasing labour costs means that aged care providers may be looking at ways to diversify income streams. While changes to the Home Care regime are providing opportunities for retirement village operators to provide care services, creating additional profit centres within their facilities.
At Mullins, we understand the value in providing accommodation solutions for an ageing population. We act for operators who are motivated to provide appropriate accommodation to meet these needs and provide benefits to our seniors' welfare.
Our experience working with retirement village and aged care operators means we know the issues. We have helped many clients navigate this complex and highly regulated area; responding to changes and ensuring compliance with relevant laws. Our team advises on:
We act for both private companies and not-for-profit providers, operating at each end of the scale, from single-site to large, multi-site operators. We also advocate to government on behalf of industry through our involvement with the peak body Leading Age Services Australia.