Childcare sector is set to expand by 2.2% p.a. through 2024-25, reaching $12.4 billion!

Investing in childcare is not just nurturing our future, it’s a wise financial move!

According to recent statistics, the childcare industry is forecast to grow at an annualised rate of 2.2% through 2024-25, reaching a whopping $12.4 billion! This growth is a testament to the rising demand for quality childcare services throughout Australia.

But why is this sector booming? One significant reason is the correlation between household discretionary incomes and the ability to afford childcare services. With two income families at historic highs and more women seeking long term career options, families have the financial capacity to put their children into childcare. Statistics show there are more parents each year willing and able to invest in their children’s early education, socialisation, and care needs. Furthermore, more jobs have currently been added into the Australian economy, this means more opportunity has arisen across the country for quality care.

This underscores why developing a childcare centre is not just a noble endeavour but a profitable one too! By catering to the growing demand for reliable childcare, you’re not only contributing to the well-being of families but also to our economy, as we need mums in the work force. Mums also need peace of mind knowing their children have quality care. They can achieve this whilst you secure a sustainable, long term revenue stream.

Statistic Source: https://rb.gy/ejl2q3

We can assist you extensively in all facets of developing a successful childcare centre, even securing a tenant before you commit to a site.

Build the tomorrow you want with Mollard Property Group! Contact us to find out how we can help you develop a childcare centre today.