The aged care industry is set to continue to expand in order to accommodate Australia's ever increasing ageing population.
While currently 1 in 7 people are aged 65 years and over, by 2047, that number is expected to rise to over 1 in 4 (Australian Productivity Commission, 2013). As expected, to accommodate these needs, the aged care industry has to expand to meet demand.
Increased demand from the aged care industry for sustainable, future-proofed developments leads to Composite Global Solutions responding to enquiries every week about the suitability of our Thermomass product for aged care developments.
Thermomass product for aged care developments
Thermomass precast concrete sandwich panels are quick to erect, leading to around 30% reductions in construction times, making it a good choice for large scale residential projects. The ease and speed of construction is particularly important in an industry growing at an annualised rate of 6.4% (IBISWorld, 2013), where supply is struggling to keep up with demand.
Furthermore, the energy efficiency of concrete sandwich panels insulated with rigid XPS insulation, such as our Thermomass board, is unparalleled from a cost/comfort point of view. By insulating from the outside in, the greater thermal mass on the interior is able to regulate and minimise diurnal swings, meaning less energy is required to maintain a comfortable temperature.
So, what does this mean for the developer/operator? For the developer it means faster construction times, decreased labour costs and decreased material costs - when using Thermomass due to our highly competitive rates.
For the aged care operator it means energy savings and associated costs of between 30 to 50%.