Lifestyle

Australia ranked as having some of the most expensive childcare in world

Australia has some of the most expensive childcare in the world and was ranked number three on a new study by British website, Play Like Mum.

Childcare is most expensive in Switzerland, then The Netherlands followed by Australia.

Meanwhile, Argentina, St. Kitts and Nevis in the Caribbean and Croatia have some of the lowest childcare costs.

Australia has ranked as having third most expensive childcare in the world - check out list here

Australia has some of the most expensive childcare costs in the world, study finds

The reason Aussie childcare is so expensive may be because of the staff to child ratios (one carer to every four children), as well as rent for centres.

We’ve converted the childcare on average per month from pounds to Australian dollars.

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15 countries with the most expensive childcare in AUD:

1. Switzerland – $3041.98

2. Netherlands – $2022.47

3. Australia – $1677.67

4. Luxembourg – $1628.45

5. United Kingdom – $1575.44

6. Ireland – $1357.57

7. United States – $1222.40

8. Singapore – $1108.65

9. Israel – $1058.55

10. France – $1048.66

11. Canada – $969.86

12. New Zealand – $950.90

13. Belgium – $861.77

14. Qatar – $795.34

15. Taiwan – 697.12

Australia has ranked as having third most expensive childcare in the world - check out list here

15 countries with the cheapest childcare in AUD:

1. Argentina – $192.34

2. Saint Kitts & Nevis – $193.38

3. Croatia – $204.11

4. Mexico – $225.10

5. Brunei – $232.20

6. Barbados – $266.16

7. Oman – $267.49

8. Trinidad and Tobago – $275.50

9. Sweden – $314.31

10. Poland – $327.06

11. Turkey – $339.28

12. Austria – $347.65

13. Bahrain – $387.74

14. Saudi Arabia – $392.53

15. Iceland – $398.67

Australia has ranked as having third most expensive childcare in the world - check out list here

Childcare costs change in each state and territory

Parents, on average, pay around $494 for 50 hours of childcare a week in Sydney. However, the most expensive territory to put your child into childcare is ACT, where childcare costs on average around $560 a week.

Parents in Victoria pay around $490 a week, while parents in Queensland fork out roughly $417 a week.

These figures do not take into account the Government’s Child Care Rebate, which is capped at 10,190 per child, per year. This is calculated according to the combined household income. If a family brings in $351,248 or more, they are not eligible for the government’s subsidy.

Childcare costs skyrocket with some parents paying $200 a day

Source: Productivity Commission

Under the current childcare rebate scheme parents receive this based on their salary:

Up to $66,958-  85 percent subsidy

$66,958–$171,958 – 85 to 50 percent subsidy

$171,958–$251,248 – 50 percent subsidy

$251,248–$341,248 – 50 to 20 percent subsidy

$341,248–$351,248 – 20 percent subsidy

More than $351,248 -No subsidy

Children in childcare have ‘better social and emotional skills’, study finds

Childcare costs skyrocket with parents paying $200 a day in some areas

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