Experts' picks: General Motors 'way too cheap' and Myer set to hit $1
Australian Financial Review - May 23, 2019

Martin Hickson at Wilson Asset Management said he had just bought 4 per cent of Think Childcare, adding "we think it's one of the best micro-caps in the market". "The Australian childcare industry is at an inflection point" and is about to enter a period of reducing supply and increasing demand...

Wyndham Council wants crackdown on misleading marketing for new estates
Wyndham Leader - Rebecca David - May 23, 2019

Wyndham MAV delegate Josh Gilligan said the council received dozens of complaints and concerns about new home or land purchases, regarding estates that did not live up to marketing materials provided before the sale. “Some of the most concerning of these changes are the removal of child care facilities...

Short-term assistance available for state-funded kindergartens in Victoria
The Sector - Freya Lucas - May 23, 2019

Early childhood teachers (ECTs) working within state-funded Victorian kindergarten programs may be able to access additional short-term support to assist children with a diagnosed disability or developmental delay through a program offered by Uniting, in partnership with the...

Daycare kids vaccinated after measles outbreak
The Australian - Remy Varga - May 23, 2019

Twenty-seven toddlers and babies at a Victorian daycare centre have been immunised after an ­infant who attends the facility contracted measles. Health authorities confirmed yesterday that six people, including the infant, had contracted the infectious disease after coming in contact with...

'Exuberance' has abated, childcare centre transaction volumes fall
Australian Financial Review - Tim Boyd - May 22, 2019

The volume of childcare centre transactions fell over 2018, as the market matured after three years of "exuberance", according to a new white paper. Peritus Childcare Sales' research showed freehold childcare centre transaction volumes slipped 12 per cent in 2018, down to $355.4 million in sales...

Childcare centre fined after child was left behind at excursion
North Coast Times - Grelg Johnston - May 22, 2019

A Perth childcare centre has been fined $9000 after a five-and-a-half year old child was left behind at an excursion. Quinns Baptist Community Care at 8 Salerno Drive in Mindarie was also ordered to pay $1000 in legal costs. The matter was referred to the State Administrative Tribunal in March...

HoneyBears and neighbouring Sylvania property sell for $5.8M
The Leader - May 22, 2019

The HoneyBears early learning centre in Sylvania has sold for $3.2 million amid growing interest in Sutherland Shire investment opportunities. The substantial childcare, and its neighbouring property, have been secured by an astute investor keen to invest in the future growth of the shire...

Arena REIT expands asset base
Sydney Morning Herald - Caroly Cummins - May 22, 2019

Arena REIT has expanded its asset base with the purchase of additional social infrastructure properties with a total investment of $62 million. The acquisitions will be funded through a $50 million institutional placement and comprise three specialist disability accommodation properties in...

Families face higher childcare and preschool costs after election
The Daily Telegraph - Sue Dunlevy - May 21, 2019

Families with young children face uncertain funding for preschool while those with older kids are already receiving a boost in school funding under the Morrison government. An analysis of policy in the wake of the shock election result reveals a mixed bag of offerings for families...

Canberra's inner north might need a new school, four extra child care centres to cope with growth
Canberra Times - Dan Jervis-Bardy - May 21, 2019

Canberra's inner north could need another public primary school, four new child care centres and around 200 aged-care places in the next decade to accommodate the district's growing population, new analysis has shown. Two new GP clinics and more recreation spaces for young people might also...

Post election, new ECEC policy initiatives likely on hold as sector awaits minister confirmation
The Sector - Jason Roberts - May 21, 2019

With the Australian General Election now over and Scott Morrison’s Coalition securing another term in government, expectations for any meaningful changes or additions to the current early childhood education and care (ECEC) sector policy mix are low. In the run up to the election, Mr Morrison’s Coalition...

ECA calls on new Coalition Government to take action on child poverty and disadvantage
The Sector - Freya Lucas - May 21, 2019

Early Childhood Australia (ECA) has congratulated the re-elected Liberal–National Coalition Government on its election success, urging Prime Minister Scott Morrison to harness his majority in the Australian Parliament to take action on reducing child poverty and educational disadvantage...

Arena REIT launches equity raise; Morgan Stanley on board
Financial Review - Sarah Thompson and Anthony Macdonald - May 21, 2019

Childcare landlord Arena REIT is seeking to raise $50 million at $2.67 a share. The offer price reflects a 4.3 per cent discount to the last close and a 2.4 per cent discount to the five-day volume weighted average price, according to terms sent to fund managers on Tuesday. Morgan Stanely is sole lead manager on the ...

ASX rally: Market jumps, big banks surge on Coalition victory in federal election
Herald Sun - John Dagge - May 20, 2019

The Coalition’s unexpected win has implications for a broad range of companies — from childcare to energy players — given Labor had promised to scale back tax incentives for investors, increase pay rates in some sectors and take more ambitious action on climate change...

SA employers will be relieved that there hasn’t been a change of government, Business SA says
The Advertiser - Anthony Penney - May 20, 2019

And we have been spared a government prepared to legislate an exorbitant pay rise for one specific industry – albeit low paid like many others – irrespective of the rational, decision-making powers of the independent Fair Work Commission. That 20 per cent increase for childcare workers would have flowed on...