The aged care sector as a whole has assets of $28 billion, looks after more than 182,000 residents and contributes more than 38,000 jobs. The Department of Health and Ageing suggests that 74,000 additional places need to be built over the next decade.

At the same time, the aged care sector is changing. We are moving to a new model of Ageing in Place. This is driving the demand for centrally located facilities: closer to the city, closer to existing amenities and closer to the families and children of residents. Building in an…