Adopting the methodology of the Federal Government, a key element of Resthaven’s conservative management was to develop a financial base to sustain significant capital rebuilding needs. To this end, the board increased Resthaven’s investment levels to a far greater degree than previously in relation to liabilities in the form of resident loans. This in turn required specific consideration of the prudent management of these investments.
Alongside of this, Resthaven continued to grow in the community services sector. As the market became more competitive, obtaining new places bought challenges. However, with forecast growth in the aged population of the state, Resthaven looked to more opportunities in the northern metropolitan region.
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