Written by Christopher Hall, AdvDipFP | Authorised Representative, AFSL 526688 | May 2026 Published May 2026 | Last Updated May 2026 Aged care costs in Australia are rising at a rate that is fundamentally repricing what retirement means for millions of families. One family told us recently that the retirement home their parents moved into in May 2026 cost approximately 50% more than the same facility cost just three years earlier, in 2023. Their words were direct: if the cost