Aged Care Village Slammed by Rent Hikes
Adelaide News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Allambie Heights Village in Sydneys Northern Beaches faces astronomical rent hikes on three crown land leases, with increases ranging from 465% to 6324%. This surge has pushed their annual bill from $50,000 to over $500,000, straining their resources as they care for around 200 seniors. The NSW governments push to set rents at market rates has left the village absorbing the costs for two years, unable to pass them on to residents due to caps on increases. The situation has implications for aged care expansion and community projects, with similar hikes affecting other non-profits and even clubs like a sailing spot up 600%. The squeeze on aged care providers could hinder growth at a time when Australia needs more spots for its aging population.
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