‘Some owners are nervous’: Warning as multiple childcare centres hit the market due to scandals, rising costs

Several childcare providers have opted to exit the market as costs continue to rise and the sector faces several scandals.

According to realcommercial.com.au, a surge in listings for centres across Australia has resulted in more than $662 million worth of transactions over the past eight months.

According to the website, Victoria leads the country with the largest number of childcare centres being placed on the market at 25, followed by 24 centres for sale in New South Wales, then 22 in Queensland.

In the Australian Capital Territory, three childcare centres have entered the market, while just one has been placed on the market in the Northern Territory.

A number of factors are driving the sell-off, including higher demand from investors seeking bigger returns, mounting costs and provid