Occupancy Rate is an important factor in ensuring the financial viability of a residential aged care facility. Recently, occupancy levels have been falling due to persons needing a higher level of care exercising their choice to stay at home for as long as they can. This trend has also been supported by increased availability of home care packages as well as assisted living and private care options.
The national annual residential aged care Occupancy Rate declined dramatically to 89.9 per cent for the year ending 30 Jun 2019 according to Commonwealth reports.
Much publicised events and factors - which have resulted in the Royal Commission into Aged Care Quality and Safety - have no doubt added to reluctance to enter residential aged care.