Population growth and increased labour force
participation will continue to support the demand for childcare
services.
This
year’s Bankwest Childcare Industry Overview Report revealed that
population growth and increased labour force participation will
continue to support the demand for childcare services, and that
attracting and retaining staff remains a central issue for business
owners and managers. Over the five years to 2015–16,
industry revenue
is expected to grow at an annualised rate of 11.7%, to $10.6 billion.
The key driver behind this growth is increased government expenditure
in the sector. Download the full report at bankwest.com.au/childcare.*
*The
information contained in this publication is of a general nature and is
not intended to be nor should it be considered as professional advice.
You should not act on the basis of anything contained in this
publication without first obtaining specific professional advice. Based
in part on Bankwest Economic Updates, Australian Bureau of Statistics
data used pursuant to the Creative Commons Attribution 2.5 Australia
license (available online at:
http://creativecommons.org/licenses/by/2.5/au/) and the following
IBISWorld Industry Report Q8710 Child Care Services in Australia
February 2015. Bankwest, a division of Commonwealth Bank of Australia
ABN 48 123 123 124 AFSL/Australian credit licence 234945.
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