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18 Business View Australia - July 2015
they can. It is also a better option
financially, as providing residential
facilities is much more expensive
than making the required services
available at a person’s home.
The aged care residential services
industry is an important sector of
the Australian economy and one
which is growing steadily. Currently
there are 6.1 million Australians
who are over the age of 55 and only
6% of this number live in retirement
villages or residential aged care
facilities. With the passage of time
an increasing number of these
persons will need assistance
with day-to-day living and may be
required to move to an aged care
home where they can receive
the appropriate level of care.
A unique feature of this industry
is that it is labour-intensive.
Retirement homes, and to a greater
extent aged care homes, require