In this collection of documents, Australian property professionals can find crucial information related to the 2025-26 Federal Budget. This curated resource provides key budget insights through ministers' media releases, offering immediate reactions and policy announcements impacting the property sector. Delve into the Portfolio Budget Statements for detailed financial allocations affecting housing affordability, infrastructure projects, and relevant government initiatives. The Stakeholder Pack provides a broader overview aimed at industry participants, while Fact Sheets offer easily digestible summaries of specific budget measures affecting property valuation, development, investment, and relevant tax implications. Published on March 25, 2025, this collection presents diverse formats. If accessibility assistance is required, the Department of Health offers support to ensure all professionals can readily access and utilize this information.
Category: Aged Care Facilities
Budget Blues: Property Experts Slam Affordable Housing “Missed Opportunity”
Property experts have criticised the 2025 Federal Budget, deeming it a "missed opportunity" to tackle Australia's housing affordability crisis. While existing commitments like the National Housing Accord target and revisions to the Help to Buy scheme were reiterated, many argue the budget lacks the bold structural reforms needed to significantly impact supply and affordability.
The Housing Industry Association (HIA) expressed concern, stating there was a failure to address cumbersome planning approvals, infrastructure bottlenecks, and skills shortages. The boost to prefabrication was viewed positively, but not as a silver bullet. Concerns were also raised about the limited impact of the Help to Buy scheme due to rising interest rates and the potentially counterproductive nature of the foreign investment ban, which could reduce development funding. Furthermore, the Retirement Living Council criticised the budget for its inadequate focus on the housing and aged care needs of Australia’s ageing population.
For Australian property professionals, this translates to navigating a complex market. Real estate agents face managing client expectations amidst uncertainty, property managers are adapting to evolving demographics, developers need to assess feasibility amidst rising costs, and investors must adopt cautious strategies. The budget highlights persistent supply constraints, affordability pressures, and a shifting policy landscape. Overall, the industry feels the budget falls short of delivering comprehensive solutions for Australia's complex housing challenges.
Budget Fails on Affordable Housing: Property Experts Underwhelmed
Australian property professionals have expressed disappointment with the federal budget, deeming it a "missed opportunity" to tackle housing affordability and supply. While the budget reiterates the National Housing Accord's target of 1.2 million homes and includes revisions to the Help to Buy scheme, concerns remain about their effectiveness given rising costs and supply chain issues. The Housing Industry Association (HIA) argues these measures fail to address key structural reforms.
A $54 million allocation for prefabricated housing is viewed as a positive step towards innovation and efficiency. However, overall effectiveness is questioned - for example some similar schemes elsewhere have had limited success due to external factors such as rising interest rates. Restricting foreign investment, despite the stated goal of boosting housing, is criticised for potentially reducing crucial development funding.
The budget is also faulted for neglecting the retirement living sector, despite a rapidly ageing population, highlighting a missed opportunity to address the intertwined housing and aged care crises. The Retirement Living Council criticised the fact the budget hadn't even begun to accommodate the growing elderly population of Australia.
This leaves property professionals with important questions regarding the impact on property values, alternative funding models for developers, and opportunities in adapting to the needs of an ageing population. The themes of disappointment, limited impact, the foreign investment debate, and retirement living neglect highlight the need for a more comprehensive and targeted approach to address Australia's housing challenges.
Tassie Heart Health Advocate’s Insights for Property Pros
Anna Houlahan, ACM's 2023 Trainee of the Year, focuses on crime and social issues impacting regional and remote Australia. This is crucial for Australian property professionals, as these factors significantly influence property values and market trends in these areas. Her national crime reporting provides valuable insights into community safety and wellbeing, essential considerations for property investment and development. Houlahan's experience also includes travel journalism, offering a broader understanding of regional Australia's dynamics. For property professionals seeking to understand the complexities of regional markets, staying informed on her reporting is highly recommended. Contact her at anna.houlahan@austcommunitymedia.com.au.
Budget 2025: What it means for Aussie Property & Your Pocket
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Budget 2025: What it Means for Aussie Property & Your Pocket
Treasurer Jim Chalmers is set to deliver the 2024-25 budget, a task expedited due to the disruption of pre-election plans by Ex-Tropical Cyclone Alfred. Originally slated as a precursor to an early April election announcement, the budget is now scheduled for release, with a potential May election to follow. Let's dissect what this means for the Australian property and construction industries.
The Fiscal Landscape: Deficits and Revenue Streams
The deficit for this financial year is anticipated to remain close to the $26.9 billion projected in the December mid-year fiscal update. While Chalmers is keen to highlight Labor's previous surplus achievements, the budget is expected to forecast deficits for the next decade. This has significant implications for government spending and investment within the construction and infrastructure sectors.
Where the Money Comes From
In 2022-23, the federal government collected $650 billion in taxes, excises, and customs duties, figures projected to approach $700 billion this financial year. The largest contributor to tax revenue is individual income tax (40%), followed by company income tax (20%), and sales taxes (primarily GST, just over 10%). This revenue mix has implications for the property market, as changes to income tax policies can affect household disposable income and housing affordability, especially for first home buyers.
The reliance on income tax is a growing concern, particularly as traditional revenue sources like petrol excise dwindle due to the shift towards electric vehicles, and tobacco excise faces challenges with the illicit market. Experts at the Parliamentary Budget Office highlight that the share of tax revenue from individual income could rise from 40% to almost 46% by the mid-2030s if tax thresholds remain unchanged, a fiscal phenomenon known as 'bracket creep'. This could impact affordability and demand within the property sector, particularly in major metropolitan areas.
Where the Money Goes
Estimated spending for 2023-24 indicates that 37% of the budget is allocated to social security and welfare, followed by health spending (over 15%) and payments to states and territories. Defence and education spending follow. Rising interest payments on the national debt represents almost 3.3% of total spending.
The allocation of funds towards social security and welfare, particularly the NDIS, has seen a significant increase. As the population ages, assistance to older people is also rising. These trends have implications for the construction industry, potentially driving demand for aged care facilities and accessible housing options.
Potential Impacts on Building Trends and the Construction Industry
With a decade of predicted deficits, government spending on infrastructure projects may face increased scrutiny. This could directly impact major construction projects, potentially slowing down infrastructure development, particularly in transport and renewable energy. "This may translate to a decrease in large-scale government tenders, limiting opportunities for construction companies specialising in infrastructure development," notes a property market analyst at Australian Property Monitors.
Energy rebates and cost-of-living support packages, while beneficial to homeowners, may indirectly influence housing choices. Increased disposable income for households could translate into a greater ability to renovate existing properties or invest in energy-efficient upgrades. This boost could in turn stimulate demand for building materials and renovation services, with implications for suppliers and tradespeople alike.
The evolving tax landscape, combined with cost-of-living pressures, may also impact housing affordability. Property professionals need to understand how these broader economic factors influence consumer sentiment and purchasing power within the housing market. These factors are especially critical considerations for developers planning new residential projects.
Finally, the emphasis on social security and welfare spending suggests a continued need for housing solutions catering to diverse demographics, from affordable housing projects catering to lower-income families to specialised accommodation to support ageing individuals.
Source: The Guardian
This article is based on a report from www.theguardian.com titled "Australian budget 2025: where does the money come from and where does it go? | Australian budget 2025". You can find the original article here: https://www.theguardian.com/australia-news/2025/mar/24/australian-budget-2025-where-does-the-money-come-from-and-where-does-it-go
Age Pension Boost: What It Means for Affordable Housing Down Under
Recent reports, stemming from an article on evpt.com.au, have sparked discussion about potential Age Pension increases for Australian retirees, with figures suggesting up to $3,400 per month for eligible couples. While the original source overstated potential increases and lacked specific sourcing, it highlights crucial connections for Australian property professionals. Changes to the Age Pension, which currently maxes out at $1,116.30 fortnightly for singles and $1,682.80 for couples (split), impact housing affordability and the property market.
Increased pension support could fuel downsizing trends, impacting housing supply in established areas and driving demand for retirement living options. Expect heightened rental demand among older Australians, particularly in affordable locations. A boost might also encourage regional migration, shifting property values and rental yields. However, Australia's affordability crisis remains a significant hurdle, potentially forcing reliance on renting, increasing granny flat demand, and straining the aged care sector.
Property professionals should stay informed about Age Pension changes, tailor marketing to relevant demographics, adapt property management practices to the needs of older renters, and consider age-appropriate housing in new developments. Investors should diversify portfolios to include properties catering to this demographic. While the Age Pension is a critical safety net, it functions best alongside personal savings. Understanding these dynamics allows property professionals to better serve clients and capitalise on emerging opportunities.
Aged Care Tragedy’s Property Implications: Lessons from the Davis Case
The ABC’s “The Invisible Killer” podcast investigates the case of Garry Davis, convicted of murdering two residents at SummitCare Wallsend aged care facility in Newcastle, NSW. Davis, a former aged care worker, was found guilty based on circumstantial evidence, including text messages predicting the deaths and medical supplies found in his home. The podcast raises serious concerns for Australian property professionals involved in aged care facilities. The case highlights vulnerabilities within the sector, including inadequate screening processes for aged care workers and a lack of thorough investigation into unexpected deaths. The podcast prompted calls for a national register of aged care workers, impacting future hiring practices and due diligence requirements for property managers and owners. The potential for undetected criminal activity within these properties underscores the need for heightened vigilance and improved safety protocols by Australian property professionals.
US Tech Giants Pressure Trump on Aussie Trade, Property Sector Braces
Australian property professionals should be aware of potential US trade sanctions stemming from a review of "unfair trade practices." US tech giants, including Sony, Microsoft and Dell, are lobbying the Trump administration against Australia's GST on digital services and proposed local content requirements for streaming platforms, arguing these measures hinder innovation and trade. Winemakers and cattle ranchers have also lodged complaints. This follows earlier criticism of Australia's Pharmaceutical Benefits Scheme and news media bargaining code. The US push for retaliatory tariffs, despite Australia’s long-standing trade surplus with the US, could impact various sectors, warranting attention from property professionals as trade disruptions can influence market stability and investment.
PBS Safe from US Trade War: What it Means for Property
PBS Safe from US Trade War: What it Means for Property The Australian federal government’s commitment to protecting the Pharmaceutical Benefits Scheme (PBS) from potential US trade tariffs has implications beyond the healthcare sector, subtly influencing the Australian property market. While not a direct driver of property values or investment decisions, the PBS plays a...
WA Cabinet Reshuffle and Potential Impacts on the Property Market
The WA cabinet reshuffle under Premier Roger Cook brings potential changes to the property market, particularly in healthcare facilities and aged care development, amid broader economic uncertainty.
Private Health Insurance Changes: What Property Professionals Need to Know
Effective March 20, 2025, changes to private health insurance legislation impact nursing-home type patient (NHTP) accommodation. Australian property professionals managing healthcare facilities should note increased daily patient contributions for NHTPs in private hospitals nationally and most public hospitals, rising to $78.95. The ACT remains at $75.55. Minimum benefits payable by insurers also change, varying by state and between public and private hospitals. Notably, NSW, Tasmania, and Victoria see increases in public hospital benefits, while the ACT, NT, QLD, and SA remain unchanged. Private hospital benefits across all states/territories are set at $32.15. These changes are relevant for financial planning and resident agreements. See the Federal Register of Legislation for full details on Amendment Rules (No. 4) 2025.
Welldoc’s CGM-GPT: Revolutionising Glucose Prediction and its Potential Impact on Property Markets
Digital health company Welldoc has been awarded four new patents, bringing its total to 54, for its AI-driven cardiometabolic care platform. This is relevant to Australian property professionals as health and wellbeing are increasingly important considerations in building design and tenant services. Welldoc's platform utilizes real-time sensor data, including from Continuous Glucose Monitors (CGM), and a "CGM-GPT" model to predict future health metrics. This predictive capability, focused on personalized health outcomes, could influence future smart building technologies, particularly in residential and aged care properties, by providing insights into occupant wellbeing and informing design choices that promote healthy living.
Healthcare Property Boom: 2025 Job Growth and Investment Opportunities
Australia's healthcare sector is booming, projected to grow 16% in the next five years, creating opportunities for property professionals. The rise of AI, telehealth, and personalized medicine is reshaping the landscape, impacting the types of facilities needed. High-demand roles like dentists, aged care workers, nurses, and midwives signify increased need for specialized residential, aged care, and healthcare facilities. Property developers and investors should consider the growing demand driven by an aging population and technological advancements in healthcare, offering opportunities for developing purpose-built facilities and tailored housing solutions. The government's Occupation Shortage List highlights key areas ripe for property development in both metropolitan and rural areas.
Europe’s Modular Housing Boom: Key Lessons for Aussie Developers
Europe's Modular Housing Boom: Lessons for Aussie Developers
Europe's modular housing market is surging, projected to reach USD 18.41 billion by 2033, offering crucial insights for Australian property professionals. Driven by rapid urbanisation and sustainability mandates, Europe is embracing prefabricated room cell modules to tackle housing shortages and boost construction efficiency. German and French developers are leading the charge, leveraging advanced manufacturing to cut costs (up to 30% on-site labour savings) and reduce waste (25% material waste reduction).
This trend directly parallels Australia’s challenges: escalating urban density and the pressing need for affordable, sustainable housing solutions. While Europe grapples with regulatory hurdles and initial cost perceptions, their experience highlights the necessity for industry education and potential government incentives – lessons Australia should heed.
Opportunities abound in expanding modular applications beyond residential to commercial sectors like healthcare and offices, mirroring European advancements. Integrating smart technologies into modules further enhances efficiency and appeals to tech-savvy markets – a key differentiator in the Australian landscape. For Aussie developers, understanding and adapting to the modular construction wave, learning from Europe's successes and setbacks, presents a significant pathway to innovate, address market demands, and potentially reshape the future of Australian property development. Ignoring this European boom risks missing a vital shift in global construction.
WA Health Shake-Up: What it Means for Property
Explore how Western Australia's recent health system restructuring under Premier Roger Cook could impact the property market, from infrastructure development to aged care facilities.
Tiger’s $94M Pad: Aussie Property Lessons We Can Learn
Tiger's $94M Pad: Aussie Property Lessons We Can Learn
While Tiger Woods' Florida estate might seem a world away, its design and location offer valuable insights for Australian property professionals, particularly those operating at the higher end of the market. The $A94 million property highlights trends that resonate even in the Australian context.
Firstly, Woods' custom-built home underscores the rising demand for bespoke residences among affluent clients. This presents opportunities for Australian builders and architects to specialise in high-end projects, demanding superior craftsmanship and project management skills. Secondly, the estate showcases the importance of amenity-rich living. The inclusion of personalised golf facilities reflect a broader desire for lifestyle-focused homes, influencing design choices in luxury Australian properties.
Furthermore, the article touches on Jupiter Island’s allure, reinforcing the enduring significance of location. Proximity to amenities, schools, and desirable areas remains paramount in Australia, shaping development strategies. Another pertinent observation is the trend towards multi-generational living, reflected in Woods building a home for his mother nearby. This mirrors an increasing need for adaptable Australian homes with dual living arrangements and flexible layouts, driven by affordability and cultural shifts. Finally, the concentration of wealth in the area, albeit on a smaller scale, illuminates the continued demand for exclusivity and privacy in Australian luxury developments, requiring advanced security and noise reduction measures.
By analysing these trends evident in Woods’ estate, Australian property professionals can better understand and cater to the evolving needs of their clients, creating desirable and valuable properties.
Boost Your Aged Care Property: Get Specialised Service Recognition
New Aged Care Act Impacts Property Professionals: Specialisation Verification Program
From July 1st 2025, the Aged Care Act introduces a Specialisation Verification Program impacting how aged care providers are recognised and discovered. This presents opportunities for Australian property professionals specialising in aged care facilities. Providers offering specialised services for diverse needs can apply for verification, boosting their visibility on the My Aged Care "Find a Provider" tool. This verification highlights services exceeding standard Aged Care Quality Standards, catering to specific groups outlined in the updated Act. Property developers and investors should consider these new requirements when designing, building, or acquiring aged care facilities to meet the growing demand for specialised care and attract verified providers. Learn more at health.gov.au/specialisation-verification.
Boost Your Aged Care Property: Get Specialised Recognition
New Aged Care Act Impacts Property Professionals: Specialisation Verification Program
From July 1, 2025, the Aged Care Act introduces a Specialisation Verification Program impacting how aged care properties are marketed and discovered. Providers offering specialised care, including in-home services, can apply for verification through health.gov.au/specialisation-verification. Verification acknowledges services exceeding standard Aged Care Quality Standards and caters to diverse needs, including those specified in the new Act. This verification appears on the provider's My Aged Care profile, increasing visibility in the "Find a Provider" search tool used by prospective clients. Australian property professionals should be aware of this program as it influences the desirability and value of aged care properties, particularly those capable of delivering specialized services. Highlighting a property's potential for specialisation verification can be a key selling point.
Budget 2025-26: Property Market Impacts & Opportunities
Australian property professionals involved in aged care or healthcare developments should subscribe for the Health and Aged Care Portfolio Budget 2025–26 ePack. Released electronically on Budget night (7:30pm AEST, 25th March), this ePack offers key budget information impacting the sector. Subscribing ensures timely access to critical updates relevant for investment and development decisions. Follow the link provided on the Department of Health website to subscribe and manage your preferences. A dedicated privacy notice outlining how your information is handled is also available.
Seniors Card & Property: 2024 Eligibility and Payment Dates
The Seniors Card provides significant benefits for older Australians, impacting the property market for professionals. Eligible individuals (60+ years, working less than 35 hours/week, permanent residents) can receive up to $3000 annually, along with discounts on transport, healthcare, and other services. This financial boost can influence seniors' housing decisions, potentially allowing them to downsize, renovate, or consider retirement communities. Australian property professionals should be aware of the Seniors Card program and its potential impact on client needs and market trends. The application deadline is May 31, 2024, with state-specific variations in benefits. Encourage eligible clients to apply and factor this financial resource into their property plans.
Aged Care Boom: Brisbane Growth Fuels Property Demand
Brisbane's booming construction sector, fuelled by demand for aged care facilities, faces a critical challenge: a skills shortage. The industry is increasingly turning to technology to boost efficiency and mitigate labour gaps. This shift demands a new breed of property professional – one who embraces and understands construction technology.
Recruitment agencies are actively seeking candidates with expertise in Building Information Modelling (BIM), project management software, and a willingness to integrate new methodologies. Simultaneously, new roles like BIM Managers, VDC Specialists, Drone Pilots, and Robotics Technicians are emerging, requiring a blend of traditional construction knowledge and technical skills.
While technology adoption offers benefits like improved productivity and reduced costs, challenges remain, including the cost of implementation, integration issues, and a lack of training. Overcoming these hurdles through industry collaboration, and targeted training programs is crucial for the Australian construction industry to thrive in an increasingly technology-driven future. Property professionals with both construction experience and digital competency will be highly sought after.
Stem Cell and Ageing Research Funding Boost: Implications for Seniors Living Property
The Australian Government has announced $55.8 million in Medical Research Future Fund (MRFF) grants focused on stem cell therapies and aged care, potentially impacting the future of senior living and healthcare property development. $31.5 million is earmarked for stem cell research, including clinical trials for new therapies. This research could lead to breakthroughs in age-related diseases, impacting demand for specialized healthcare facilities. A further $24.3 million is dedicated to improving dementia, ageing, and aged care services, particularly for underserved populations. Australian property professionals should monitor these developments, as they may influence future demand for accessible housing, aged care facilities, and related infrastructure. For details on grant opportunities, visit GrantConnect and the MRFF calendar.
Support at Home Program: What the Latest Changes Mean for Property Pros
Changes to aged care funding and service delivery under the new Support at Home program are imminent, impacting how Australians access home care. For property professionals working with older Australians, understanding these changes is crucial. The government is hosting a webinar on Thursday 3 April, 2:30pm-3:30pm AEDT, outlining the program's key changes and the transition process for existing Home Care Package recipients before the 1 July 2025 commencement. This webinar offers valuable insights into how the reforms will affect the needs and choices of older Australians regarding their housing and care options. A recording will be available post-webinar for those unable to attend live. Register now to stay informed and best advise your clients.
Support at Home Program Shake-Up: What Property Pros Need to Know
Changes are coming to the Australian Government's aged care system with the introduction of the Support at Home program. This impacts how home care packages are delivered from 1st July 2025. For Australian property professionals working with elderly clients or specializing in accessible housing, understanding these changes is crucial. A webinar on Thursday 3rd April (2:30pm-3:30pm AEDT) will provide an update on the program, outlining the key changes and the transition process for existing Home Care Package recipients. The webinar also offers a Q&A session. Register now to stay informed, or access the recording later, and ensure your services align with the evolving needs of older Australians and their families. This information will allow you to better advise clients on property decisions related to ageing in place and future care needs.
UK GP Stance Shift on Assisted Dying: Potential Implications for Australian Aged Care Property
The UK's Royal College of General Practitioners (RCGP) has shifted to a neutral stance on assisted dying legislation, reflecting diverse member views. While previously opposed, the RCGP now neither supports nor opposes legalisation, following a member consultation where only 16% responded. This shift comes as a parliamentary committee scrutinizes the terminally ill adults (end of life) bill. The RCGP emphasises its continued advocacy for members, focusing on the practical implications for general practice should the law change. While not directly impacting Australian property professionals, this development highlights evolving societal attitudes towards end-of-life care, potentially influencing future discussions around property and estate planning in similar contexts.
Property Boom Fuels Solid Growth, But Clouds Gather
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A recent analysis of US-based Performant Healthcare Inc's 2024 financial results provides valuable insights for Australian property investors, particularly those interested in healthcare-related assets and the Build-to-Rent (BTR) sector. While seemingly distant, Performant's performance reveals key industry trends impacting real estate demand.
Performant's 10% year-on-year growth in healthcare revenue highlights expanding private healthcare services, potentially mirroring increased demand for medical centers and healthcare real estate in Australia. Their focus on commercial clients (60% of healthcare revenue) suggests opportunities for Australian healthcare-focused BTR developments catering to professionals and retirees.
Crucially, key factors driving their growth, like investment in AI and NLP for efficiency, point to increasing data demands within healthcare. This suggests potential for data center development or conversion projects in Australia to support healthcare technology advancements. Simultaneously, challenges like government revenue volatility underscore the importance of diversification.
For Australian property players, understanding these trends – from aged care facilities to specialized BTR and data centres – offers a competitive edge in forecasting demand and making informed investment decisions within the burgeoning healthcare real estate landscape. Source: Yahoo Finance referencing GuruFocus, link: https://au.finance.yahoo.com/news/performant-healthcare-inc-phlt-q4-070956743.html
Artificial Heart Breakthrough: Potential Impacts on Property and Aged Care
A revolutionary titanium artificial heart, the BiVACOR, has been successfully implanted and a patient discharged from a Sydney hospital – a world first. This breakthrough offers a potential solution to Australia's organ donor shortage, providing a bridge to transplant or potentially a permanent replacement. Developed by Australian inventor Daniel Timms, the device utilizes magnetic levitation to minimize wear and tear, promising long-term functionality. This advancement could significantly impact the lives of Australians suffering heart failure, which claims thousands of lives annually. While more trials are underway, the success at St Vincent’s Hospital signals a paradigm shift in cardiac care, offering renewed hope for patients awaiting transplants.
Ageing Aussie Population: Property Plays for the Golden Years
Ageing Aussie Population: Property Plays for the Golden Years Australia’s demographic landscape is undergoing a significant transformation, with a rapidly ageing population impacting various sectors, most notably the property market. This shift, often referred to as the ‘silver economy’, presents both challenges and opportunities for property professionals. While increased healthcare costs and potential workforce shortages...
$1.2m Boost for Social Enterprise Property Projects
The federal government has announced a $1.2 million Social Enterprise Loan Fund, offering loans up to $500,000 for eligible businesses. This initiative is particularly relevant to Australian property professionals as it prioritises social enterprises creating employment for marginalised communities, including those in regional areas, Indigenous Australians, and people with disabilities. This presents potential opportunities for property developers and managers to collaborate with social enterprises on projects that meet community needs while generating social impact. The fund aims to stimulate both social good and economic growth, mirroring the successful (albeit limited) Social Enterprise Development and Investment Funds (SEDIF) program. This new initiative may unlock opportunities for property professionals to engage in socially responsible developments that also contribute to economic dynamism.
Tech Talk Reveals Future of Digital in Aussie Property
Australian property professionals involved in aged care should note the upcoming Digital Transformation Tech Talk webinar on Wednesday, 2nd April 2025, from 2:00 pm to 3:30 pm AEDT. This session offers crucial information on the new regulatory model impacting the sector and updates on the digital roadmap from the Chief Digital Information Officer (CDIO). No RSVP is required. Access the webinar 15 minutes prior to the start time via the provided link [insert link here if available in full article]. A holding image will be displayed until the webinar begins. Test your device compatibility beforehand [insert test link from article if available] and refresh your browser (F5) if any issues occur. Subscribe to aged care sector announcements to stay informed about future webinars [insert subscription link from article if available].
New Eye Drug Could Change Housing Needs for Ageing Aussies
A new, life-changing drug, Vabysmo, is now available on the PBS for elderly Australians suffering from retinal vein occlusion (RVO), a condition affecting approximately 20,000 Australians and causing vision loss. As RVO commonly impacts individuals over 60 and can affect their ability to read and drive, this breakthrough is particularly relevant to property professionals, given the need to understand the evolving needs of Australia's ageing population. Vabysmo injections, previously costing $934 per course, are now heavily subsidised, costing pensioners just $7.70. This accessibility could significantly improve the quality of life for many seniors, potentially influencing housing choices and independent living options within their communities. The drug is highly effective and may require less frequent injections than previous treatments.
Unlocking Support at Home: A Property Pro’s Guide
The Australian Government's Support at Home Program Manual, released March 7, 2025, provides essential information for registered providers of in-home care. Relevant to Australian property professionals specializing in aged care or accessible housing, this manual outlines provider responsibilities, care plan development, budgeting, and participant contributions. It also details short-term pathways for assistive technology, restorative care, and end-of-life services. Note that this is an early release and subject to change pending finalized legislation. Property professionals should familiarize themselves with these guidelines to understand how the program impacts the needs and support available to clients considering aging in place or requiring in-home care services. For further information or feedback, contact SAH.Implementation@health.gov.au.
Living Costs Surge: How Accommodation Funding Reform Impacts Property
Australian property professionals involved in aged care should mark their calendars for a key webinar on Higher Everyday Living and Accommodation Funding Reform. Scheduled for Thursday 10 April 2025, 2:00pm - 3:00pm AEST, this session will provide crucial updates on upcoming changes. Chaired by Nicholas Hartland and presented by Susan Trainor, both from the Department of Health and Aged Care, the webinar will offer insights directly from key policymakers. This is an essential opportunity to understand how the reforms will affect the sector and future developments. Subscribe to the Department's aged care newsletters and alerts to stay informed about future updates.
WA Election Results: What Property Professionals Need to Know
WA Election Results: What Property Professionals Need to Know While the 2025 WA state election primarily focused on broader political and social issues, the outcomes have significant implications for the property and construction sectors. This analysis will examine the election results through the lens of prefabrication and its potential impact on the WA building industry....
Boosting Home Values: A Guide to the Support at Home Program
Australian property professionals involved in aged care or accessible housing should be aware of the newly released early version of the Support at Home program manual. This guide, published by the Department of Health, outlines key aspects of the program relevant to registered providers, including care management, planning, and delivery, participant contributions, budgets, restorative care, end-of-life services, and assistive technology/home modifications. While not legal advice, it offers valuable insight into the program's policy intent. This is crucial for property professionals as it informs design and development considerations for age-friendly housing and modifications, aligning with the program's focus on supporting Australians to age in place. Note this is an early version and subject to change; refer to the online version for the latest updates.
Genomics Revolution: How the Health Futures Mission Impacts Australian Property
The Medical Research Future Fund's (MRFF) Genomics Health Futures Mission Implementation Plan (March 2025) outlines Australia's strategy for integrating genomics into healthcare. While seemingly unrelated to property, this plan signals significant growth in the health technology and research sectors. Australian property professionals should be aware of the potential increased demand for specialized laboratory spaces, research facilities, and supporting infrastructure. This presents opportunities for development, investment, and property management within the burgeoning health precinct market. The plan emphasizes data security and infrastructure, also relevant to property development considerations. For a deeper understanding, the full plan is available for download.
Genomics Roadmap Refresh: Implications for Aussie Property
The Australian Government released the "MRFF Genomics Health Futures Mission Roadmap and Implementation Plan Refresh National Consultation Report" in March 2025. While seemingly unrelated to property, this report signals potential shifts in healthcare infrastructure and localized demand. Australian property professionals should note the focus on genomics research and its implications for specialized laboratory spaces, research facilities, and potentially even residential development near emerging health hubs. The report summarizes feedback from a national consultation, offering insights into the future direction of healthcare investment, which can inform strategic property decisions. Access the full report via the Department of Health website for deeper insights into potential growth areas and future-proof your property portfolio.
Genomics Revolution: Reshaping Aussie Property’s Future
The Medical Research Future Fund (MRFF) has committed $500.1 million to genomic research, impacting future healthcare and potentially influencing property development in Australia. This investment aims to revolutionize disease diagnosis and treatment by personalizing options and reducing healthcare costs. The updated Genomics Health Futures Mission Roadmap and Implementation Plan, shaped by national stakeholder consultation, prioritizes improved genomic testing and personalized treatment. While seemingly unrelated to property, advancements in preventative health and disease management could influence future aged care facility design, specialized housing needs, and even urban planning as healthier populations live longer. Australian property professionals should monitor these developments for potential long-term impacts on the sector.
Unlocking Support at Home: A Property Professional’s Guide
Australian property professionals involved in aged care or accessible housing should be aware of the early release of the Support at Home program manual. Published by the Department of Health, this guide outlines key aspects of the new program, impacting how in-home aged care services are delivered. It covers crucial areas like care management, planning, service delivery, participant contributions, budgets, and pathways for restorative care and end-of-life services. It also addresses assistive technology and home modifications, offering insights relevant to property design and adaptation. Note this is an early version, subject to change pending finalisation of the legislation. Stay updated by referring to the online version linked in the original article. This program will significantly impact the aged care sector and understanding its guidelines is crucial for professionals working within this space.
Healthcare Job Growth Sparks New Opportunities for Property Developers
Australia's healthcare job market is booming, presenting opportunities for property professionals. Indeed data reveals significant growth, with 57% of national job gains in the last year coming from healthcare and social assistance. This surge, driven by an ageing population and strong overall growth, creates increased demand for housing in both urban and regional areas. Regional markets, in particular, will see escalating demand for healthcare services and associated infrastructure, as young families and migrants seek affordable housing. This sustained growth trajectory in the healthcare sector underscores promising long-term investment opportunities for property development and management in both residential and commercial sectors catering to healthcare needs. The intensified competition for healthcare professionals also suggests a potential rise in demand for rental accommodation, particularly in regional areas.
Cyclone Alfred Impacts: Property Prep & Recovery Guide
Tropical Cyclone Alfred is set to impact South-East Queensland and Northern NSW this week, posing significant risks to property and infrastructure. Landfall is expected between Maroochydore and Coolangatta, potentially as a category three cyclone. Property professionals should be aware of widespread school and business closures, public transport suspensions (including ferries and potentially trains), and the closure of Gold Coast Airport from 4pm Wednesday. Brisbane Airport remains operational but advises checking with airlines for updates. Sandbagging stations are open across affected areas, but supplies are strained. Evacuation centres are opening in various locations, including the RNA Showgrounds in Brisbane. Property owners should secure outdoor items, prepare for power outages, and know how to shut down utilities, including solar panel systems. Stay updated with the Bureau of Meteorology (BOM) and local authorities for the latest information.
Home Care Package Boost: Implications for Property Pros
Australian property professionals involved in aged care facilities should be aware of the increased Home Care Package subsidy effective 1 March 2025. This increase is designed to support providers in implementing the Fair Work Commission's wage increases for registered and enrolled nurses under the Nurses Award 2010. Providers must communicate these changes to their nursing staff and, if necessary, negotiate price increases with care recipients, updating Home Care Agreements accordingly. This subsidy impacts operational costs and potentially resident fees, requiring open communication and financial planning within aged care facilities. Further details are available in the government's provider and care recipient fact sheets regarding the Aged Care Work Value Case.
Aged Care Funding Boost: Implications for Property Developers & Investors
The Federal Government has committed an additional $2.6 billion to fund wage increases for 60,000 aged care nurses, bringing the total investment to $17.7 billion. This injection will support aged care providers in meeting the Fair Work Commission's mandated wage increases, resulting in an average 12% rise for registered and enrolled nurses. For Australian property professionals, this highlights the increasing operational costs for aged care facilities. This substantial government investment underscores the growing importance of the aged care sector and its workforce, factors which influence property development and investment decisions related to senior living and healthcare facilities. The staged wage increases (March 2025, October 2025 and August 2026) provide a predictable timeframe for financial planning and market analysis.
CHSP 2025-27 Reforms: What Property Pros Need to Know
Australian property professionals working with seniors or considering specializing in the aged care sector should be aware of upcoming changes to the Commonwealth Home Support Programme (CHSP). A webinar on March 13th, 2:00-3:00pm AEDT, will detail key updates relevant to the 2025-27 CHSP extension. These include the grant process, new regulatory requirements under the Aged Care Act, changes to reporting obligations, client registration through My Aged Care, and a review of CHSP services. This information is crucial for understanding how property modifications and related services will align with the evolving aged care landscape. Register for the webinar now or access the recording later on the Department of Health website. Understanding these changes will enable property professionals to better serve the needs of older Australians and capitalize on emerging opportunities within the sector.
Butler Backs Build-to-Rent Boost: Key Takeaways for Property Pros
Federal Health Minister Mark Butler discussed upcoming election promises regarding Medicare, a key issue for voters. A proposed $8.5 billion investment aims to bolster bulk billing rates, particularly for non-concession card holders, by offering substantial financial incentives to GPs. This could translate to millions more free GP visits annually. While acknowledging doctor participation isn't mandatory, Butler emphasized the financial benefits for practices and countered arguments for unconditional rebate increases. The changes, effective November 1st, require system updates giving practices time to adapt. Butler also addressed concerns around GP shortages, outlining plans to increase training opportunities and expedite overseas recruitment, especially for rural areas. Although the timing near the election raises questions, the Minister highlighted previous Medicare investments and the government's ongoing efforts to strengthen the system.
WA Liberals’ Aged Housing Plan: Golden Opportunity or Gilded Cage?
The WA Liberals' aged housing plan, spearheaded by Libby Mettam, proposes several policies impacting the state's property market. Key initiatives include doubling the Seniors Cost of Living Rebate and a Housing Infrastructure Investment Fund targeting 100,000 new homes. However, the most significant proposal for property professionals is the Downsizing Incentive Rebate, offering up to $20,000 in transfer duty refunds for eligible downsizers.
This could increase the supply of family homes while boosting demand for smaller dwellings like apartments and villas, particularly in retirement-friendly areas. Increased supply may soften prices for larger homes, while demand could lift prices for smaller options.
For Australian property professionals, particularly those in WA, understanding the scheme's scope, the availability of suitable downsizing options, and seniors' motivations beyond purely financial considerations is crucial, according to analyst Sarah Thompson. Builders and developers should also note the Housing Infrastructure Investment Fund's ambition and potential challenges in meeting the demand, given existing industry pressures. While other measures impacting health, aged care, and support for grandcarers may indirectly influence seniors' housing choices, staying abreast of these unfolding policies can help guide investment decisions and inform client strategies. The overall success depends on incentives aligning effectively with seniors needs.
Building the Future: Hybrid Construction Takes Off in Australia
Hybrid construction is gaining traction, offering Australian property professionals a compelling blend of traditional, modular, and 3D-printed methods. A recent Zen Modular webinar highlighted the evolving perception of modular, shifting from "temporary" to a key component in high-end projects like Amsterdam's Jakarta Hotel. Architects emphasized that modular components act as a "toolkit," allowing for creative freedom when combined strategically with traditional techniques. This hybrid approach offers significant time savings, potentially reducing project schedules by up to a year, while enhancing sustainability through reduced waste and efficient material use. While hybrid construction may have marginally higher upfront costs, the long-term benefits of faster completion, improved sustainability and quality control outweigh the initial investment. This approach allows Australian developers to deliver innovative, efficient, and environmentally conscious buildings.
Oz Stock Market Wobbles: What Property Pros Need to Know
Australian property professionals should be aware that global market volatility, stemming from issues like international trade policies, can impact the local market. While the ASX may mirror international anxieties, the consequences for property are real. Uncertainty erodes investor confidence, potentially hindering development funding. Supply chain disruptions, for example, via tariffs on imported building materials, can increase construction costs. The RBA also considers global sentiment when setting interest rates, affecting mortgage affordability.
However, opportunities exist. Focus on projects catering to strong domestic demand like affordable housing, diversify supply chains using local materials, and implement robust risk management strategies like hedging. Value-add opportunities may also emerge within undervalued assets.
Alongside these mitigating strategies, property professionals must also consider sustainable building trends that are responding both to the rising cost of energy and increasing community awareness of climate change.
Staying informed about global trends and domestic fundamentals – population growth, affordability, and employment – is crucial. By understanding potential risks and opportunities, Australian property professionals can make informed decisions navigating market fluctuations effectively.
Dutton Blasts PM on China Tensions, WA Heatwave: Property Market Impact?
Rwrite the following news article (in Australian English) for an audience of Australian property professionals. The rewritten article should: * Be a thorough revision of the original, maintaining all key factual information. * Incorporate additional context and background information seamlessly into the narrative to help readers understand the broader implications for the Australian property market....