A whopping 326 childcare centres opened around Australia in the past year in a substantial overshoot by developers and operators given it was just three years ago that new parents faced a severe shortage of places.
It has left many childcare operators grappling with a big oversupply after an avalanche of new centres came on stream, with special offers of free iPads to parents or paying for the week's groceries used as novel ways to entice families.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
