Centres bounce back post-pandemic, with improved NQS ratings and a rebound in new services opening.
Higher occupancy compared to Q3-2020 has driven an increase in revenue, while ADR growth has remained flat quarter-on-quarter (QoQ) across Australia.
- Occupancy was at 76% for the ECEC sector across Australia, up 4% since Q3
- Positive NQS ratings (Excellent + Exceeding NQS) stayed steady at 30% this quarter, while negative NQS ratings (Significant Improvement Required + Working Towards NQS) improved from 18% to 16% of services from Q3 to Q4.
- The Average Daily Rate (ADR) was reported at $108 nationally (the same as Q3). The quarterly average revenue potential across Australia at 100% occupancy is $6.6k per place, and the highest was for Sydney at $7.4k per place.