Revenue for LDC saw growth this quarter, coming from a slow performance earlier in the year. The ADR recorded a 3.2% quarterly increase, leading to positive growth in revenue per available place, despite slowing occupancy.
- Occupancy further decreased to 71% for the Early Childhood Education and Care (ECEC) sector across Australia, down 2% since Q1-2021.
- The Average Daily Rate (ADR) came in at $117 this quarter, up 3.2% since Q1-2021. This rate was highest in SA, TAS, WA, and ACT, showing an increase of 4.5% QoQ.
- The average LDC enrolment across Australia fell by 28.6% to 13 months this quarter. SA, TAS, WA, and ACT recorded the longest average enrolment periods, at 14 months.