The Federal Budget announced a $4.7bn policy to increase the childcare subsidy from July 2023. The four-year pledge is part of the Labor's plan to improve women’s participation in the workplace and make childcare more affordable for families.

It is estimated that these reforms will increase the hours worked by women with young children by 1.4 million hours per week in 2023-2024. This increase will see a greater demand for childcare facilities across Australia.

In addition to the childcare subsidy, the Government has committed to 1,469 places for early education teachers at Australian Universities, and 180,000 fee-free TAFE and vocational education places in 2023. These extra training places will support industries experiencing skill shortages, of which early childhood is one.

The subsidy and push for more early educational workers will inevitably lead to a demand for more childcare centres across Australia.

FRP Capital have been active in meeting this demand with the DA approval of a new $5M childcare centre at Carramar Village. The centre will provide over 82 places for families and 16 jobs for the community.

FRP is also in negotiations with an experienced childcare operator for its childcare centre in Yanchep, WA. The childcare centre will form the third stage of the 5-stage Yanchep District Centre development.

The childcare is conveniently adjoining the Coles Shopping Centre and is in close proximity to Yanchep Rise Primary School and Yanchep Lagoon Primary School.

Construction of the Yanchep childcare development is expected to commence mid 2024.