✓ The Guardian AustraliaMoney & Work

Sydney aged care rooms cost $1.95m upfront plus $10k monthly

A private residential aged care room in Sydney costs $1.95 million upfront, then about $10,000 a month. That's almost double what a one-bedroom apartment costs in the same suburb.

Why it mattersAustralia's ageing population faces severe shortages of affordable care beds, forcing families into impossible choices between ruinous costs and hospital delays.

AustraliaAustralians needing residential aged care confront deposit costs 50 to 100 per cent higher than housing prices in the same areas, blocking access for all but the wealthy.

✓ Claims checked against the source. checked 1 h ago