Child Care News
Commercial property investors see past low yields in hope of higher returns
Financial Review - Su-Lin Tan - April 20, 2018Mum and dad investors, especially those with self-managed superannuation funds (SMSFs), spend hours poring over auction booklets for their next commercial property investment – whether it's a childcare centre, a KFC-anchored retail outlet or a servo. They're looking for...
Gold Coast listed childcare company G8 Education loses $118m in value on day of AGM
Gold Coast Bulletin - Kathleen Skene - April 20, 2018ALMOST $118 million was wiped from the value of Gold Coast-based G8 Education as the group continues to struggle with an oversupply of childcare places. Shares in G8 Education slumped were down 7.2 per cent or 18¢ to $2.31 yesterday after hitting a 52-week low of $2.23...
Artarmon childcare centre sets national record with $21 million sale
Commercial Real Estate - Alison Cheung - April 20, 2018A 210-place childcare centre in Sydney's Artarmon has sold for $21 million – crushing the national price record for a single-tenanted childcare asset by more than $4 million. Trading as Little Zak's Academy Artarmon, 6 Clarendon Street beat the previous $16.9 million record set in...
Court overturns Ex-Big Fat Smile worker Michelle Haley's conviction, fine for leaving child unsupervised
Illawarra Mercury - Shannon Tonkin - April 20, 2018The supervisor at a Wollongong child care centre where a sleeping four-year-old boy was left undiscovered for more than an hour after closing time has had her fine and criminal conviction set aside. Michelle Haley, a supervisor at Big Fat Smile's Wollongong City Community Preschool...
G8 Education notes supply exceeds demand
Finance News Network - Rachel Jones - April 20, 2018G8 Education (ASX:GEM) has released details from their 2018 Annual General Meeting. They noted increased supply of childcare places and their focus on growing occupancy. In 2017 the level of supply growth exceeded demand growth by around 2.5 per cent. While the supply/demand...
Childcare subsidy form wrongly asks parents why their 10-year-olds can't stay home unsupervised
ABC News - Kathleen Ferguson - April 19, 2018The Department of Human Services has been forced to apologise to parents seeking childcare benefits, after it asked them why they were not prepared to leave their 10-year-old children at home alone. It sparked concerns among some parents on social media, including from people in...
Language lessons to be taught at kindergartens under $60m State Government Budget plan
Herald Sun - Alex White - April 17, 2018VICTORIAN kindergartens will teach children languages for the first time under a new $60 million education package announced by the Andrews Government. Children at 120 early learning centres will be given access to language classes under a $17.9m funding commitment...
Why will our kids eat healthy food in childcare but not at home?
Riot Act - Rachel Ziv - April 18, 2018It's a common parental frustration. The child who will reject anything but Vegemite sandwiches at home, happily tucks into multiple serves of chicken chow mein or pumpkin and pea risotto at daycare. 'But whyyyy?' wail the parents. Rebecca Sleeman, Director of Artemis Early...
G8 Education Could Perform Better By 2019
Share Cafe - Eva Brocklehurst - April 16, 2018G8 Education ((GEM)) is withstanding headwinds in its business, amid increased supply of childcare places. The company has renewed its management, board and operating perspective and, having raised new equity, is now focused on growing occupancy. Channel checks suggest the supply...
Blue Sky cuts profits, pledges better transparency, but shares drop another fifth
The Courier Mail - Liam Walsh - April 16, 2018The company, which earns fees overseeing 80 funds investing in projects from student accommodation to childcare, on Monday also tried to address concerns by announcing an independent review of its heavily scrutinised valuations for every asset. It would also examine financial disclosures...
These are the Aussie jobs you need if you want a higher salary and a shorter working week
News.com.au - Alexis Carey - April 16, 2018Time-rich, cash-poor workers put in less hours each week but also earn less money. They include jobs in childcare as well as receptionists, secretaries, packers, call-centre workers, hairdressers and waiters. For example, receptionists work an average of 40 hours a week and earn...
Services to focus on Indigenous culture
Coffs Coast Advocate - Greg White - April 15, 2018This program is another way we, as a community, can not only continue to put emphasis on the importance of entrenching Aboriginal culture into our children's everyday learning but also help remove barriers for families in accessing early childhood education,” he said. "This hands ...
Want to boost the economy? Give the underpaid a wage rise
Sydney Morning Herald - Michael Short - April 14, 2018The pay parsimony is curious, given everyone seems to agree these professions are economically and socially crucial. It is a huge responsibility to care for a babies and toddlers, to educate a child, to salve the sick, to tend the elderly. Everyone, of course, agrees about that – until...
What happened after my childcare letter went viral
News.com.au - Chloe Chant - April 14, 2018Climbing the career ladder of early childhood education sometimes feels more like treading water. In a sector that's yet to be fully professionalised, it's a matter of seizing hold of haphazard opportunities to assume additional responsibility. Okay, I hear you say, you chose this path...
Commercial Property: Rutherford childcare asset sells for $3.375 million at a yield of 6.13 percent
Newcastle Herald - April 13, 2018The $3.375 million sale of a Rutherford childcare centre before its scheduled auction shows assets of its kind remain popular for commercial investors, according to one of the selling agents. A NSW buyer bought the property at 125 Grand Parade at a yield of 6.13 per cent. The property...
