When it comes to childcare costs, Australian parents have it worse compared to those in other parts of the world, a new report suggests.
The report found that gross fees — those before any rebates or subsidies — in Australia increased 7.3 per cent from 2018 to 2022 when adjusted for inflation. In that time, the OECD average fell by 7.1 per cent.
The childcare subsidy can be difficult for parents and guardians to accurately estimate their entitlements, the report found, meaning some struggle to accurately calculate the out-of-pocket expenses for childcare. "By maximising a household’s subsidised hours and minimising their out-of-pocket expense, providers appear to be able to maintain or increase their revenues and profitability."Market forces have driven greater supply of childcare in high-socioeconomic areas and major cities, the report found.
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