Nannies on march into Kiwi homes
New Zealand Herald - Morgan Tait - March 1, 2014

In-home childcare enjoying steady growth as subsidies cut cost and research points to benefits for tots. Once a luxury for the rich and famous, having a nanny is becoming an affordable childcare option for New Zealand families. Convenience, government subsidies, increased variety and...

Sterling moves ahead with IPO
NEWS.com.au - Amanda Saunders - February 28, 2014

Childcare centre roll-up Sterling Early Education will price in early March at $2 to $2.30 a share, after its bankers moved to accelerate the group's listing. As earnings season draws to a close, advisers Macquarie Bank have jetted to Asia for a roadshow to drum up interest, ahead of a...

Fundies study childcare roll-up Sterling
Financial Review - Sarah Thompson, Anthony Macdonald and Gretchen Friemann - February 28, 2014

Fund managers have started trawling through Sterling Early Education's initial public offering documents and expect a brief list of questions for management when they do the rounds in Sydney and Melbourne next week. Top of the list is roll-up risk. Sterling is a childcare centre operator...

Arena REIT ups guidance as childcare facilities shine
Financial Review - Nick Lenaghan - February 28, 2014

Recently floated property trust Arena REIT has upgraded its distribution guidance for 2014 as it eyes emerging opportunities in the childcare sector. Lower finance costs, rental growth, and revaluations combined to lift the property trust's 2014 interim statutory net profit by 87 per cent...

Childcare push to divert wage funds
The Australian - Patricia Karvelas and Justine Ferrari - February 27, 2014

MORE than one in four childcare providers awarded wage increases for their workers by the previous government have asked the Abbott government for the funds to be used for professional development instead. But none of them is yet to get the money. Assistant Education Minister...

Demand high for childcare centres on secure leases
Financial Review - Larry Schlesinger - February 27, 2014

Private investors continue to pour funds into childcare centres on secure leases, with more than $12 million worth of the asset class changing hands this week at portfolio auctions conducted by Burgess Rawson. Yields ranged from 6.6 per cent for a centre in Tarneit in Melbourne's outer...

Audit cold on Abbott's parent leave
Financial Review - Alan Moran - February 27, 2014

The Commission of Audit has criticised the government's proposed paid parental leave scheme as excessive at a time when fiscal restraint is needed. The Australian Financial Review understands the commission's interim report, delivered to the government 13 days ago, supports the concept of...

Thirty years on and government still tackling over-regulation
Financial Review - Alan Moran - February 27, 2014

We currently have yet another inquiry (conducted by the Productivity Commission) into childcare, one of the notable failures among the 1984 activities targeted for regulatory review. The Productivity Commission estimates that childcare costs have doubled in real terms over the past...

Adelaide City Council says childcare shortage is 'a myth' and will not open its own centre
AdelaideNow - Tim Williams - February 26, 2014

THE widespread belief that there is a lack of childcare places in the city is more perception than reality, an Adelaide City Council report says. At the request of Councillor Anne Moran, the council looked into becoming a childcare operator as part of a bid to diversify its business. It found...

'Dramatic impact' of childcare pay rises
The Australian - Ewin Hannan and Patricia Karvelas - February 26, 2014

CHILDCARE centre operators have warned that increasing the pay of their employees could have a "dramatic impact" on jobs and potentially flow into other industries. Employers told the Fair Work Commission, which is considering an equal pay claim by two big unions, that even if the tribunal...

The false choice of quality vs cost in early childhood education
The Conversation - Myfanwy McDonald - February 26, 2014

The Productivity Commission is undertaking an inquiry into childcare and early learning. In a recent Issues Paper the commission suggests that there is an "inherent trade-off" between affordability and quality in early childhood education and care services. The implications of "trading" quality...

Women disappearing from corporate workforce 'due to childcare cost'
The Guardian - Anne Barrowclough - February 25, 2014

The Australian chief executive of Goldman Sachs has called for a national debate on childcare costs to stem a flood of women leaving the corporate workforce. Simon Rothery is one of a number of senior executives and CEOs who are so concerned at the number of women fleeing the corporate...

Coalition resists equal pay claim
The Australian - Ewin Hannan and Patricia Karvelas - February 25, 2014

THE Abbott government has moved to limit pay rises being sought by childcare workers, warning the granting of their unions' equal pay claim could flow to industries unable to afford wage increases significantly above the award rate. The government has told the Fair Work Commission...

Chronic shortage of childcare places stops many Melbourne mothers from returning to workforce, Leader survey finds
Herald Sun - Rebecca David and Kylie Adoranti - February 25, 2014

MORE than half of the parents who participated in a Leader survey say there is a lack of childcare services in their area. About 65 per cent of respondents said there were not enough childcare centres close by and 73 per cent said they had experienced a shortage of available places...

'English not needed for a job with kids'
The Australian - Natasha Bita - February 24, 2014

TRAINING colleges are under investigation for pocketing taxpayer subsidies to churn out childcare workers who cannot speak English and have never set foot in a daycare centre. Some colleges are offering six-week "quickie courses" in a Certificate III that is designed to take six months to...