Age Services Industry
Australia’s age services industry, including home care, residential care and retirement living, supports older Australians to live longer and healthier lives.
Aged care and services have reached a critical point in Australia, with up to five million more seniors potentially needing services over the next decade, and the continued growth in demand forecasted well into the future.
This demand, and the budget and policy pressures that come with it, is no surprise to those working in the industry. However, as a nation we have yet to fully understand the impacts of an ageing Australia and to properly plan for, and fund, aged care and services to meet growing demand.
- Currently there are just under 3.7 million Australians aged over 65 and this figure is projected to reach almost 5.8 million by 2031.
- Demand for age services is already increasing with more than 1.3 million older Australians receiving some form of aged care in 2015-16, equalling to more than one in three people over the aged of 65 receiving some form of aged care.
- To meet this demand, an estimated $33 billion is needed to construct new, and expand existing, residential aged care facilities to account for the forecast 76,000 additional people that will access residential care over the next decade, compared to the 37,788 new places that became available in the previous decade.
- The age services workforce needs to triple but almost half of the current age services workforce will retire in the next 15 years.
The aged care industry is currently in the midst of implementing a significant reform program that aims is to give older Australians greater choice and access to age services and create a sustainable aged care system.
LASA is working with its Members to ensure they are supported to deliver on these reforms.
LASA is also working to influence policies, programs and practices that impact Members and the wider industry. Through active engagement we provide a platform for LASA Members to bring their views to Government and stakeholders on issues of importance.