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A $1.95m deposit and $10k a month: welcome to the for-profit world of Australian aged care where no one is a winner | Julianne Schultz

The Guardian Australia - Australia News · 30 August 2026 at 6:00 am

A $1.95m deposit and $10k a month: welcome to the for-profit world of Australian aged care where no one is a winner | Julianne Schultz

Like all the privatised care services, the business of aged care is about property, cheap labour and public money Get our breaking news email , free app or daily news podcast You know you have entered the parallel universe of residential aged care when you find yourself saying, “Just to clarify, the deposit for the room is $1.95m, and the charges will be about $10,000 a month?” “That’s correct,” the kindly sales agent replies.

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A $1.95m deposit and $10k a month: welcome to the for-profit world of Australian aged care where no one is a winner | Julianne Schultz

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