A nursing home can be expensive.
Much of this has to do with supply and demand. There just wasn’t much construction going on during the global financial crisis (GFC): it was about increasing the capacity of existing facilities.
Today, industry estimates put the core price for a relatively new aged care facility with single ensuite rooms upwards of $190,000 per bed minus RADs.
As a rough estimate, you could be looking at around $15-20 million for a 100-bed facility in a metro location on the east coast.