Childcare centre fetches $9.5m
Sydney Morning Herald - Simon JOhanson - May 16, 2018

A new childcare centre at 1066 Centre Road leased until 2042 has sold for $9.5 million, one of the biggest such sales of the year so far. The centre has a permit for 139 places in a 1,002 sq m building with 988 sq m of outdoor play area, CBRE's Kinson Wong, Josh Twelftree, Sandro...

Federal budget failed to dazzle women, but election campaign might
Sydney Morning Herald - Nassim Khadem - May 15, 2018

There have been numerous calls for tax deductible childcare (with caveats) and/or other employer-driven tax incentives for childcare. KPMG, for example, has recommended moving move away from a family or joint income test for childcare benefits. It says childcare should...

TAFE training opens opportunities for teachers and students
Central Western Daily - Danielle Cetinski - May 15, 2018

A memorandum of understanding signed with Guangdong Open Education Co will allow TAFE teachers to deliver aged care and early childhood masterclasses to Chinese teachers and the Central West will play host to teachers and students on study trips. An agreement...

Burgess Rawson's Adam Thomas says SA is in vanguard of childcare centre demand
The Advertiser - Richard Evans - May 15, 2018

CHILDCARE assets are generating a sales frenzy with attractive yields helping keep South Australia to the fore of a boom sector, says a Sydney based industry expert. Eleven national childcare property assets were sold at auction within a 10-day period from the beginning of May...

Literacy and numeracy push sidelining play in early years
Sydney Morning Herald - Pallavi Singhal - May 14, 2018

Professor of education at the University of Sydney Michael Anderson said that students who are left behind by the age of eight tend to struggle throughout school, but that promoting creativity, communication, collaboration and critical reflection is often more important in the early...

Prime Minister Malcolm Turnbull axes $20 million fund to pay for quality checks in childcare industry
Daily Telegraph - Kylar Loussikian - May 14, 2018

DODGY childcare operators could be let off the hook after the Turnbull government quietly­ axed a $20 million fund which paid for the roll-out of more quality checks. The move, confirmed in official­ letters obtained by The Daily Telegraph, comes after the exposure of shocking...

Bain doubles down in childcare, buys Little Learning portfolio
Financial Review - Sarah Thompson, Anthony Macdonald & Julie-anne Sprague - May 14, 2018

Private equity giant Bain Capital will bolster its premium childcare business Only About Children with a chunky bolt-on acquisition. Street Talk understands Bain's Only About Children is about to acquire 20 centres owned by rival operator Little Learning School in a deal expected...

Shinetime Early Learning and Kindergarten: Parents shell out deposits but given no open date
Herald Sun - Emma-Jayne Schenk - May 14, 2018

Parents are furious and demanding answers after paying deposits of up to $3000 to an Elwood childcare centre that has never opened despite accepting enrolments for more than four years. The Shinetime Early Learning and Kindergarten website states it is "taking applications now"...

Don't just celebrate mums today - make their lives easier every day
Sydney Morning Herald - May 13, 2018

Rather than spoiling mums for one day of the year, we need to look at broader societal changes that will ease women back into the workforce, and provide them with flexibility around hours. We need to recognise that affordable childcare is a family issue, and more effort...

Childcare rebate changes: Demand for Queensland nannies rises
The Courier Mail - Lauren Martyn-Jones - May 12, 2018

QUEENSLAND families crippled by high childcare costs are going to extreme lengths, including moving house and renovating, to make room for a live-in nanny. Nanny agencies are being inundated with calls from parents, particularly in the upper income brackets, who are going...

Change for the better for working mums
Sydney Morning Herald - Jacqueline Maley - May 12, 2018

But there is a catch. In order to access taxpayer funds to help pay for your childcare, you have to be contributing (directly) to the economy. The rebate is tied to an "activity test" - you must show you are doing at least four hours a week of work (paid or volunteer) or study to claim it...

Two Queensland early learning services closing due to oversupply
Mirage News - May 11, 2018

Two early learning (childcare) services on the Gold Coast alone, are closing due to oversupply and unsustainable occupancy. This contradicts a recent report that the early childhood education and care sector's fears of oversupply are unfounded. "New early learning services currently being...

Hundreds of new childcare places coming to central Manly
News.com.au - Kathryn Welling - May 11, 2018

WORKING families in Manly will have almost 300 new childcare places to choose from as two major centres open in the heart of the suburb. The private centres will offer at least 11 hours of care Monday to Friday and offer care for babies and preschoolers as well as support families with extra meals...

Private investors snap up $43m of childcare centres
Financial Review - Larry Schlesinger - May 10, 2018

Private investors have pounced on an offering of 12 childcare centres in NSW, Victoria and Queensland, with 11 of them selling in 10 days for a combined $43 million. The centres, which were offered as part of Burgess Rawson auctions, sold on yields ranging from 5.4 per centre for a $4.9 million...

G8 Education keen for another look at Affinity
Business News Australia- May 10, 2018

CHILDCARE operator G8 Education (ASX:GEM) may be keen for a second bite at Affinity Education more than two years after botching a takeover of its former Gold Coast-based rival. Private equity group Anchorage Capital Partners has placed Affinity on the market after successfully fending...