Child Care News
Childcare costs and Covid: A report into the financial fallout for families as free daycare ends
mozo.com.au - Olivia Gee - August 14, 2020The average weekly cost of a child attending daycare is $246 for 24.8 hours, according to the most recent data from the Department of Education, Skills and Employment. Based on the average Australian family size, Mozo has calculated that across the 13 weeks of free childcare...
Tehan announces supports for vulnerable and disadvantaged children during COVID-19
The Sector - Freya Lucas - August 14, 2020Federal Minister for Education, Dan Tehan, has announced that the Federal government will provide an additional $5.2 million to help vulnerable and disadvantaged children during COVID-19, with a focus on inclusivity and dealing with mental health during and post the pandemic...
Evolve Group Annual Report for FY 31 March 2020
Financial Review - August 14, 2020Evolve Education Group Annual Report 2020...
Coronavirus: Childcare key if remote, flexible working isn’t ‘a one-off wonder’
The Australian Business Review - Helen Trinca - August 13, 2020COVID-19 has legitimised flexible and remote work but affordable childcare is vital if we are to get the economy back up to speed, according to the president of Chief Executive Women, Sue Morphet. She said the “silver lining” of the pandemic was that people now knew working from home...
Quality childcare can help rebuild our economy
The Australian - Fiona Stanley and Richard Denniss - August 13, 2020According to the Australian Bureau of Statistics, every $1m spent on childcare creates about 9.2 jobs, while every $1m spent on construction creates just one. It is clear the best way to grow the economy out of this recession is to help new parents re-enter the workforce as soon as they’d like...
Parents say they have not heard from health officials 12 days after Victorian childcare Covid-19 outbreak
The Guardian - Josh Taylor - August 13, 2020More than a week and a half since a Covid-19 outbreak that has led to 15 cases at a Victorian childcare centre, parents say they are still waiting to be contacted by health officials. On 2 August, the management at Bluebird early education centre in South Morang alerted parents that ...
Childcare centre landlord prospers despite pandemic
Financial Review - Nick Lenaghan - August 13, 2020Childcare centre landlord Arena REIT has weathered the challenges of the pandemic to deliver a 4% increase in distributions for its 2020 fiscal year, after the federal government stepped in to support the sector. Managing director Rob de Vos noted the "strong government response" ...
Is Now The Time To Look At Buying Mayfield Childcare Limited (ASX:MFD)?
Yahoo News - Simply Wall St - August 13, 2020Mayfield Childcare Limited (ASX:MFD), might not be a large cap stock, but it received a lot of attention from a substantial price movement on the ASX over the last few months, increasing to AU$0.81 at one point, and dropping to the lows of AU$0.66. Some share price movements ...
UOW's Early Start provides new support for early learning at home
Illawarra Mercury - Agron Latifi - August 13, 2020Early home learning has always been important, especially for the University of Wollongong's Early Start regional and remote communities. Early Start's Professor Marc de Rosnay reckons it has now become relevant to virtually everyone in the "context of the COVID-19 world"...
Coronavirus in Ballarat: Lucas kinder closed for deep clean after child tests positive for COVID-19
The Courier - Michelle Smith - August 12, 2020The YMCA Lucas Kindergarten has been closed after a child attending the centre tested positive for COVID-19. Parents and carers received a text message late Tuesday stating the kinder would be closed for sessions on Wednesday, and received a follow-up email...
Last chance to stop Kenmore childcare centre
The Courier Mail - Brendan O'Malley - August 12, 2020Kenmore residents have only a week left to raise their voices about a proposed childcare centre which some say will worsen the already diabolic Kenmore roundabout. Capital Transactions Pty Ltd announced the plan in March, about the time Council and the Federal Government...
Government announces additional support for regional, rural and remote ECEC
The Sector - Freya Lucas - August 12, 2020An additional $6.1 million has been provided to support the viability of 84 childcare services in regional, rural and remote communities, Federal Minister for Education Dan Tehan announced this morning. “Families that live in regional, rural and remote communities...
Goodstart welcomes Grattan report, saying ECEC affordability issues could handbrake economy
The Sector - Freya Lucas - August 12, 2020Australia’s childcare funding needs reform to make it more affordable for Australian families, Goodstart Early Learning’s Head of Advocacy John Cherry has said, adding that a failure to address affordability issues “could be acting as a handbrake on our economic recovery”...
Potential Upside For Mayfield Childcare Limited (ASX:MFD) Not Without Risk
Simply Wall St - August 12, 2020With a price-to-earnings (or “P/E”) ratio of 6.2x Mayfield Childcare Limited (ASX:MFD) may be sending very bullish signals at the moment, given that almost half of all companies in Australia have P/E ratios greater than 16x and even P/E’s higher than 31x are not unusual. Nonetheless...
Childcare assets up as retail suffers for investors
Brisbane Times - Carolyn Cummins - August 12, 2020Australia’s largest real estate investment trust has withstood the full ravages of the pandemic with the support of the government in helping to keep childcare centres operating for the past few months. Charter Hall Social Infrastructure REIT reported a statutory profit of $85.9 million...
