The Financial Reality of Aged Care in 2026 (And Why It’s Getting Worse). The Latest Report with Stuart Hutcheon

Metro homes make up around 65% of the sector. So they should be the most financially stable right? They’re performing the worst. At the same time, more than half of providers are still losing money… and we’re being told the system is improving. So what are the numbers actually telling us? In this episode, Dane and Rose sit down with Stuart Hutcheon from StewartBrown to break down the latest benchmarking data and where the pressure is really coming from. From funding models that don’t leave room for a margin… to providers not pulling the levers already available to them… to a system that still isn’t set up to attract investment. Because if these numbers are right, we’re still a long way from a model that works. Key moments: 0:00 - Why metro homes (65% of the sector) are now the worst performing financially… and what’s driving that shift 6:34 - 60% of providers are still losing money… Are the reforms actually fixing anything? 9:31 - What it really takes to get new beds approved… and why providers are hitting roadblocks before they even start? 15:04 - The accommodation review 21:27 - Should the market be setting RAD prices in metro areas… and what happens if it does?  24:50 - The “everyday living” gap: why even with higher supplements, providers are still running at a deficit 29:01- Should residents be paying extra for things they expect in normal life? 33:0-1 - The simplest lever providers aren’t pulling… and why it’s directly impacting financial performance 37:28 - There’s $4.5 billion sitting unused in home care… so why isn’t it reaching the people who need it? 40:55 - Where 30% of every home care dollar actually goes… and why that’s becoming unsustainable 52:18 - Are we quietly cutting funding while calling it “reform”? 56:55 - The number the sector actually needs to be investible… and why we’re nowhere near it 58:48 - if you could change three ithings in the next 12 months to shift this trajectory what would they be 1:02:026 - What small providers need to understand right now if they want to survive what’s coming