Hundreds of aged-care beds have been stripped from Victoria in the past 18 months despite a “great tsunami” of Baby Boomers on the cusp of entering the aged-care system
But with sales data from CBRE showing six out of eight aged care facilities sold in the state since the start of last year went to non-aged care providers, there are concerns the industry’s capacity could be falling.
His concerns come as CBRE’s Australian Healthcare and Social infrastructure commence the sale of a now vacant 115-bed aged-care home at 296-302 Springvale Rd, Donvale. Bolton Clarke’s Callisto Place at Bundoora, which is currently under construction, will include 90 contemporary retirement apartments.
“There are a lot of beds taken up in aged care facilities by NDIS participants who can’t find suitable accommodation,” Mr Logan-Alessio said.
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