Agribusiness, food & beverage Home
Bite Size Dealtracker
Food, Beverage & Agribusiness industry insights
Key insights for the Australian Food, Beverage & Agribusiness industry.
Royal Commission wrap up
Top 10 things for Financial Services providers
Eleven months on from the first round of hearings for the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, Commissioner Hayne’s final report has been released.
Health & aged care Home
Aged Care Royal Commission
Perspectives on the Future of Ageing
Transitions in ageing are not consistent and systematic as they are described by our ageing systems. Sometimes they are incremental, sometimes accidental, sometimes monumental, and they are always personal. We can create something better.
Life sciences Home
Biotechnology Industry Position survey
Australia's biotechnology industry drives economic growth
The 2019 Biotechnology Industry Position survey conducted by Ausbiotech and supported by Grant Thornton has revealed that new technologies across regenerative medicine and medicinal cannabis are disrupting the industry, and Australia's global strength in clinical trials continues to drive contributions to the economic and social fabric of the country.
Manufacturing Home
mid-sized business report
Manufacturing is critical to our economy – how can we support the sector?
Although the knock-on effects of the Australian automotive industry exiting our country are yet to be fully understood, the industry is evolving, and manufacturing continues to be a major employer and critical to our overall economy.
Not for Profit Home
NATIONAL OUTCOMES MEASUREMENT PROGRAM
A practical framework
Royal Commissions and federal budgets are critical things for Nonprofit human service providers to be thinking about at this point in time.
Real estate & construction Home
mid-sized business report
Supporting affordable housing requires planning, certainty – and tax reform
There is a lot of noise around the property sector at the moment – and it’s not all positive. Prices are down – but this shouldn’t be a surprise when some markets (namely Sydney & Melbourne) saw unprecedented hikes in recent years.
Retail & consumer products Home
GNC Group Consulting
The Technology Trap: Online innovation in retail
I recently attended the NRF Retail Big Show in New York, an overwhelming smorgasbord of retail technology and new store concepts.
Scaling-up for Growth
From start-up to scale-up
Navigating the complexities of growth and maintaining previous success is a challenge for all mid-size businesses.
The dramatic increase in the number of Australians turning 65 over the next 20 years is now an established demographic fact. Treasury projects a doubling of the seniors’ population by 2050, with an economically significant reduction in the ratio of taxpayers to retirees.
To support this growth there needs to be a large corresponding increase in the amount of purpose-built housing, so that the 8.1 million Australians who will be over 65 by 2050 continue to have the choice, independence and autonomy that they expect and deserve.
The Property Council of Australia commissioned Grant Thornton to undertake a study of the national retirement village sector, with specific focus on its benefits to residents, and resulting government health care savings.
- Retirement villages offer affordable accommodation where residents are part of a supportive community
- 184,000 seniors call a retirement village home
- Growth in the population of seniors is driving demand for more retirement villages
- Retirement villages reduce the cost of publicly funded health care services by providing a supportive, well serviced community
- Through age appropriate design and provision of additional care, retirement villages reduce the burden on the hospital system through lower admissions
- Retirement villages reduce the burden on the hospital system through earlier discharge rates
- Retirement village living reduces the frequency of visits made by residents to the GP
- Living in a retirement village often leads to improved mental health and wellbeing
- In addition to healthcare savings, the retirement village sector directly contributes $2.93 billion to GDP and $176.2 million in tax per annum
- A breakdown of the industry on a state and territory basis
For more information please contact:
Mary Wood, Executive Director, Retirement Living Council, T +61 2 6276 3606 E mwood@propertyoz.com.au
Scott Hartley, Partner, Grant Thornton T +61 3 8663 6143 or E scott.hartley@au.gt.com
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