Investment Plans workspace
Open raw ↗

R4 — Market, Demand & Competition Research

New small NDIS provider in Victoria — three candidate service models

Prepared: 2026-08-20 | Class: STANDARD | REQ-SYS-04, REQ-SYS-07, REQ-CON-01, REQ-CON-02


1. SIZE

National: 774,456 active participants with approved plans as at 31 March 2026 (Q3 2025-26 Quarterly Report), a 1.7% increase on the December 2025 quarter. [R4-01]

Victoria: 199,577 active participants with approved plans as at 30 June 2025 (most recent Victoria-specific NDIA dashboard located; net quarterly growth +6,604 in that quarter). No later state-disaggregated participant count could be located — the Q3 2025-26 national report states state/territory comparisons are moving to six-monthly reporting from Q4 2025-26, which may explain the gap. [R4-02] [PARTIALLY UNVERIFIED — Victoria figure is ~9 months older than the national headline figure; treat as indicative, not current.]

Growth rate: Scheme grew 5% in the 12 months to June 2026 nationally, against an 8% policy target; scheme expense growth was 11.3% for the 12 months to March 2026 (cost growth is running well ahead of participant-number growth, implying rising average package size and/or price/utilisation growth). [R4-01] [R4-03]

Average annualised plan budget: National: no single official "average plan" figure could be located; a derived estimate from quarterly payments (~$12.4bn/quarter ÷ participants) is ~$64,000/participant/year, but this is a third-party calculation, not an NDIA-published figure — treat as indicative. [R4-04] Victoria (as at 30 June 2025, NDIA-published): average annualised plan budget $76,000 for active participants; $479,800 for participants in Supported Independent Living (SIL); $59,500 for those not in SIL. [R4-02]


2. SUPPLY

Active providers (national): 277,376 as at the Q3 2025-26 reporting period, per NDIA quarterly data referenced in a third-party statistics summary; this is "active" (paid in the quarter), not "registered," and the large majority of active providers are unregistered. [R4-04] A separate industry report (2025) cites "269,000+ providers" serving "739,000+ participants" with no single provider holding >5% market share nationally — indicating an extremely fragmented, low-concentration market. [R4-05] These two provider counts come from different snapshots/definitions and could not be cross-verified against the primary NDIA provider dataset (the raw CSV was not accessible via fetch) — confidence Medium.

Victoria-specific provider/registration counts: UNVERIFIED — could not locate an authoritative, dated count of registered or active providers specific to Victoria within the tool budget for this task. The NDIS provider datasets page (dataresearch.ndis.gov.au) confirms Victoria-level active-provider data exists as a downloadable CSV as at 30 June 2026 but the count itself was not extractable via fetch. [R4-06]

Over/under-supply signal for core supports, metro Melbourne: No authoritative, quantified statement of over- or under-supply specific to metropolitan Melbourne core supports was found. Indirect evidence points both ways: (a) national fragmentation and low market share per provider suggest low barriers/many competitors in populated areas [R4-05]; (b) NDS sector survey data shows 77% of providers report turning away people needing support due to capacity/funding constraints, which is more consistent with constrained supply of viable provision than oversupply [R4-07]. Net: UNVERIFIED / mixed signals — no single reliable source states Melbourne core supports as "oversupplied" or "undersupplied."


3. PROVIDER FINANCIAL HEALTH

NDS State of the Disability Sector Report 2025 (via secondary summary; primary NDS report page located but full PDF/statistics not extractable via fetch): nearly half of disability service providers reported a financial loss in 2024–25; 81% say they cannot continue delivering services at current NDIS prices; 77% delivered unpaid/unfunded supports in the past year, averaging >$460,000 per organisation (>$69m sector-wide); 77% are turning away people needing support due to capacity/funding constraints. [R4-07] Confidence: Medium — sourced via a secondary summary of the NDS report, not the primary NDS PDF itself.

Ability Roundtable benchmarking (National Disability Services industry partner; white paper originally August 2023, updated April 2024, referencing FY2021-22/2022-23 data and forward modelling into FY2023-24): 68% of benchmarked providers reported losses in FY2021-22; 64% in H1 FY2022-23; median loss 2.6%; most profitable providers achieved only 1–1.5% margins vs the NDIA's ~2% price-model target; workers' compensation costs for ~87% of providers exceeded the NDIA cost-model assumption of 1.7%; forward modelling predicted >76% of benchmarked providers operating at a loss by end of FY2023-24, with >50% facing three consecutive loss years. [R4-08] Confidence Medium — data is 2–3 years old relative to August 2026 "now," sourced via a secondary explainer rather than the primary Ability Roundtable PDF.

Named market exits cited (2025): Centacare Queensland (~700 clients, ~600 staff affected), Bedford Group (voluntary administration), NDISP (SDA-specialist provider closure). [R4-07] These are illustrative examples, not a systematic insolvency-rate statistic — no ASIC-sourced sector insolvency rate was located. UNVERIFIED: aggregate insolvency/exit rate for the NDIS provider sector.


4. GROWTH CONTROL

National Cabinet's target is 8% annual scheme growth by 1 July 2026, down from a trajectory that reached as high as 23%/year under prior settings. [R4-03] Actual result: the scheme grew 5% in the 12 months to June 2026 — i.e. growth in participant numbers is currently running below the 8% target — while scheme expense growth was 11.3% for the 12 months to March 2026, indicating cost per participant/package growth is the live pressure, not headcount growth. [R4-01] [R4-03] Measures cited as in force: clarified funding-scope rules (what NDIS funding can/cannot be used for), enhanced planning/decision consistency, proactive contact with participants at risk of plan exhaustion, continued "Crack Down on Fraud" payment-integrity program, and plan-cost stabilisation measures — reforms collectively projected (NDIA/DSS communications) to reduce scheme cost growth by $19bn over four years. [R4-03] Confidence Medium — this synthesis is drawn from an NDIA news article rather than the primary Annual Financial Sustainability Report, which was located but not fetched in full within the tool budget.


5. FOUNDATIONAL SUPPORTS

Status as at August 2026: the National Agreement on Foundational Supports 2026–2031 has been signed (dated March 2026). [R4-09] The first tranche, "Thriving Kids," targets children aged 8 and under with developmental delay and/or autism with low-to-moderate support needs, backed by $4bn over 5 years in joint Commonwealth/state funding, scheduled to commence 1 October 2026 with full rollout by January 2028. [R4-10] [R4-11] As at 16 August 2026: Minister Jenny McAllister said she was "confident" of an on-schedule October launch but Queensland has refused to participate, and she explicitly declined to commit to delaying access changes if alternative (foundational) supports are not ready ("We are not contemplating delay at this point"). [R4-11] The government's own projection is that ~300,000 people are expected to be removed from, or prevented from accessing, the NDIS, with this effect projected around 2028. [R4-11] State/territory ministers and Senate inquiry witnesses have warned alternative services will not be ready in time, and have flagged a specific risk of children "ageing out" of Thriving Kids (limited to 8-and-under) without continuing support. [R4-11]

Effect on demand for core supports: Directionally, foundational supports/Thriving Kids is designed to shift a cohort of low-to-moderate-needs children out of the NDIS and into a separate, non-NDIS-funded support system from October 2026, which would reduce the pool of NDIS-funded core-supports demand for that specific cohort over time — but implementation risk (Queensland non-participation, readiness concerns, no confirmed delay mechanism) means the actual near-term (FY2026-27) effect on core-supports demand is UNVERIFIED / not yet quantified in any source found.


6. SUPPORT COORDINATION → "NAVIGATORS"

The NDIS Review Final Report (December 2023) recommended replacing support coordination with a "navigator" model, to be funded outside participant plans rather than from within them. [R4-12] Status as at (article dated) March 2026: support coordination has not been phased out and continues operating normally; the navigator model remains a recommendation under a proposed five-year implementation period, not yet implemented policy. Cited timeline: 2024–2025 consultation/design work with ~$20m allocated for preliminary development; mid-2026 onward, framework planning; 2026–2028 co-design, piloting and gradual rollout. A joint DANA/NDS report, "Guiding the Way: Building Common Principles for Navigators" (April 2025), and a $45m Quality Supports Program are cited as concrete artefacts of this process. Most current coordinators are expected to be able to transition into navigator roles with additional training when/if implemented. [R4-12] Confidence Medium — sourced from a single secondary explainer site, not the NDIS Review report or NDIA policy page directly; the underlying claims (funding figures, program names) were not independently cross-checked against a primary government source within the tool budget.

Risk assessment for a new provider entering support coordination in 2026: the service line is not imminently being removed, but it is under an active, government-endorsed structural-change process with a multi-year horizon (through ~2028) and an explicit design intention to change its funding mechanism — this is a material medium-term regulatory-risk factor for anyone building a business predominantly around fee-for-service support coordination now.


7. PLAN MANAGEMENT

No authoritative, quantified data on plan-management market concentration (e.g. top-N providers' share) was located. A 2026 explainer piece flags that consolidation may be occurring ("data suggests... there may be shifts in how many plan managers operate") but supplies no figures, and separately anticipates increased algorithmic/digital involvement in planning by mid-2026, tightening compliance requirements, and growing emphasis on financial transparency as a competitive differentiator. [R4-13] UNVERIFIED: no primary source found for plan-management market share, HHI, or provider-count trend; no confirmed formal policy change to plan management itself (as distinct from planning processes generally) was found. Confidence Low on this whole question — findings rest on a single non-primary source with no cited figures.


8. SIL / SDA

SDA supply/demand (national, Q1 2026, per a specialist SDA-data analytics site, paywalled beyond the summary level): 25,633 total eligible SDA participants vs 30,271 total SDA places nationally — a headline national surplus of +4,638 places and a 53.7% utilisation rate. The source notes utilisation is uneven regionally (some states show "shortfall/opportunity," others "surplus/caution"), so a national surplus does not mean Melbourne/Victoria specifically is oversupplied — this was not disaggregated to Victoria within the tool budget. [R4-14] Design-category-level breakdown and formal vacancy rates sit behind that site's paywall and could not be extracted — UNVERIFIED at the design-category level.

SIL scale (Victoria, 30 June 2025 NDIA dashboard): average annualised budget for SIL participants was $479,800 vs $59,500 for non-SIL participants — indicating SIL packages are roughly 8x the size of a typical non-SIL package, consistent with SIL requiring materially larger scale/rostering/property infrastructure to operate viably. [R4-02] Nationally (per third-party statistics summary of NDIA data), 36,808 participants received SIL, with SIL payments of ~$16.4bn/year (~$4.1bn/quarter). [R4-04]

Compliance intensity: NDS published guidance ("Looking ahead at SIL and SDA compliance and registration") was identified confirming that SIL/SDA sits under active, tightening compliance and registration attention, but the specific content of that guidance was not fetched within the tool budget — UNVERIFIED in detail; flagged for follow-up if SIL/SDA is shortlisted.


9. ENTRY BARRIERS / FIRST-CLIENT PATHWAYS

A practitioner article on referral-generation for new NDIS providers identifies Support Coordinators as the primary gatekeeper for first clients: "Support Coordinators will often send out multiple referrals at once. The provider who gets back first usually wins." Success factors cited: minimal-friction referral/intake process ("no six-page referral forms, no PDF downloads"), fast response times, and ongoing communication with the coordinator to avoid referrals "going cold." The author's own first referral came via a personal/professional relationship with a support coordinator (a niche capability — Auslan fluency — matched to a specific participant need). [R4-15] Confidence Low–Medium — single practitioner blog post, anecdotal rather than data-driven. No quantified data on typical time-to-first-client, and no detail on plan managers' or provider-finder listings' role in referrals, was found — UNVERIFIED for those two sub-questions.


10. FAILURE MODES

The clearest sourced analysis is the Ability Roundtable / Team DSC synthesis (see §3): it attributes provider financial distress to (a) the NDIA's Disability Support Worker Cost Model being calibrated to viability for only the top ~25% of organisations by design; (b) uncontrollable external cost pressures (inflation, NDIA billing/system changes, NDIS Commission compliance obligations, insurance); (c) a persistent gap between modelled and actual wage costs (workers paid ~$1/hour above the model on average over three years); and (d) workers' compensation premiums exceeding the cost-model assumption for the large majority (~87%) of benchmarked providers. [R4-08] The NDS State of the Disability Sector Report data (§3) adds that unfunded/unpaid service delivery (77% of providers, >$460k/organisation on average) is a further structural drain not captured in headline pricing. [R4-07] Both sources are sector-wide, not specific to new small providers, and neither is a formal cause-of-insolvency dataset (e.g. ASIC) — UNVERIFIED: no ASIC or other registrar-level insolvency-cause dataset specific to NDIS providers was located.


MODEL COMPARISON TABLE

Service modelMarket size signalCompetitive intensityRegulatory risk in 2026Capital intensityTime to first revenueKey published riskSource URLs
(a) Core supports (personal care & community participation)Largest addressable base: majority of ~774,456 national / ~199,577 Victorian active participants use some core supports; average non-SIL VIC package ~$59,500/yr [R4-01][R4-02]High fragmentation, low concentration (269,000+ providers, no provider >5% share nationally) [R4-05]; entry gated mainly by support-coordinator relationships, not registration [R4-15]Moderate — not a named target of NDIS Review structural change, but exposed to (i) foundational-supports cohort shift potentially removing some low/moderate-needs demand from FY26-27 [R4-11], and (ii) general price/compliance tightening [R4-03]Low–moderate — no property/SIL infrastructure required; workforce is main cost driverFastest of the three, per practitioner accounts, once a support-coordinator referral relationship is established — but no quantified benchmark found [R4-15]Sector-wide margin compression: ~half of providers loss-making in 2024-25; median historical loss 2.6%, target margin only ~2% [R4-07][R4-08]ndis.gov.au/media/8641/download; ndis.gov.au/media/7844/download; caremaster.com.au (NDS report summary); teamdsc.com.au
(b) Support coordination + plan managementSupport coordination demand tied to plan numbers; plan management market size/concentration data not found (UNVERIFIED §7)Support coordination entry appears accessible (same referral dynamics as (a)); plan management concentration unknown — UNVERIFIEDHighest of the three — support coordination is subject to an active, government-endorsed multi-year "navigator" restructuring process (NDIS Review Dec 2023 recommendation; design/pilot through 2026-2028, funding mechanism intended to change) [R4-12]; plan management facing anticipated digitisation/tightening compliance with no confirmed formal policy yet [R4-13]Low — professional/admin service, no fixed infrastructureLikely fast for support coordination (same referral-network dynamic); not established for plan managementStructural redesign of support coordination during the life of a new business; navigator transition could change how the service is funded/delivered within a ~5-year horizon [R4-12]centreofhope.com.au (navigators); inkl.com (plan management); ndisreview.gov.au (NDIS Review)
(c) SIL / SDA supported accommodationNational SDA: 25,633 eligible participants vs 30,271 places, national surplus +4,638 (53.7% utilisation) — but regionally uneven, Victoria/Melbourne not disaggregated (UNVERIFIED at that level) [R4-14]; SIL packages ~8x the size of non-SIL packages in Victoria (~$479,800 vs ~$59,500/yr) [R4-02]Concentrated toward larger/scaled operators given rostering and property requirements; national SIL participants ~36,808 with ~$16.4bn/yr in payments [R4-04]Increasing — NDS flags active/tightening SIL and SDA compliance and registration attention (detail UNVERIFIED — not fetched) [R4-16]Highest of the three — property (SDA) and 24/7 rostered workforce (SIL) infrastructure; largest packages of any support type in VIC dataSlowest — property acquisition/fit-out (SDA) and building a rostered SIL workforce before first tenancy/service start are inherent lead-time items; no quantified benchmark foundNational-level SDA surplus/low utilisation (53.7%) signals possible localised oversupply risk; high compliance intensity flagged by NDS [R4-14][R4-16]sdasignals.com.au/sda; nds.org.au/news/looking-ahead-at-sil-and-sda-compliance-and-registration (not fully fetched)

SOURCES TABLE

Claim IDClaimValueURLPublisherSource dateAccessedConfidenceWhy below High
R4-01National active participants; growth; expense growth774,456 participants (31 Mar 2026, +1.7% QoQ); scheme grew 5% in 12 months to Jun 2026; expenses +11.3% (12 months to Mar 2026)https://www.ndis.gov.au/media/8641/downloadNDIA (Quarterly Report Q3 2025-26)~May 20262026-08-20HighPrimary NDIA report, directly fetched
R4-02Victoria participants, growth, avg budgets199,577 active participants (30 Jun 2025); +6,604 in quarter; avg budget $76,000 (SIL $479,800 / non-SIL $59,500)https://ndis.gov.au/media/7844/download?attachment=NDIA (Victoria Quarterly Performance Dashboard)30 Jun 20252026-08-20MediumMost recent Victoria-specific figure found is ~14 months old vs the national Mar-2026 figure — not contemporaneous
R4-038% growth target; measures to constrain growthTarget 8% by 1 Jul 2026 (down from up to 23%/yr); 5-point reform program; ~$19bn/4yr projected savinghttps://www.ndis.gov.au/news/10531-ndis-growth-target-track-be-deliveredNDIA newsundated (2026)2026-08-20MediumNDIA news article summarising the Annual Financial Sustainability Report, not the primary report itself
R4-04Active providers; SIL participants/spend; derived avg budget277,376 active providers; 36,808 SIL participants; ~$16.4bn/yr SIL payments; ~$64,000 derived avg budgethttps://ndisgrowth.com.au/ndis-statistics/ndisgrowth.com.au (third-party, cites NDIA Q3 2025-26)page updated 12 Aug 20262026-08-20MediumSecondary aggregator site, not the primary NDIA dataset; "average budget" explicitly flagged by the source itself as a derived, not official, figure
R4-05Provider fragmentation / market share269,000+ providers, 739,000+ participants, no provider >5% share; target margin ≤2.0%https://vccg.com.au/state-ndis-provider-market-2025-industry-report/VCCG (industry consultancy market report)20252026-08-20MediumIndustry consultancy report, not government primary source; provider count differs from R4-04's 277,376, definitions not reconciled
R4-06Provider datasets exist by state incl. VictoriaActive providers CSV as at 30 Jun 2026, by state/territoryhttps://dataresearch.ndis.gov.au/datasets/provider-datasetsNDIA data & researchas at 30 Jun 20262026-08-20MediumConfirms data exists but numeric values inside the CSV were not extractable via fetch
R4-07Provider losses, unfunded supports, capacity turn-aways~50% loss-making 2024-25; 81% say can't continue at current prices; 77% deliver unpaid supports (>$460k/org avg); 77% turning away clientshttps://caremaster.com.au/post/the-state-of-the-disability-sector-report-2025---the-real-risk-were-not-talking-aboutCaremaster (secondary summary of NDS State of the Disability Sector Report 2025)20252026-08-20MediumSecondary summary; primary NDS report page (nds.org.au) located but full report content not extractable via fetch
R4-08Historical provider loss rates & cost-model gap68% loss-making FY21-22; 64% H1 FY22-23; median loss 2.6%; best margins 1-1.5%; 87% workers' comp above modelhttps://teamdsc.com.au/resources/are-service-providers-in-trouble/Team DSC, citing Ability Roundtable white paperupdated 15 Apr 2024 (orig. 15 Aug 2023)2026-08-20MediumData is FY21-22/22-23, i.e. 2-3+ years old relative to Aug 2026; secondary source, not the primary Ability Roundtable PDF
R4-09National Agreement on Foundational Supports signedAgreement covering 2026-2031https://federalfinancialrelations.gov.au/sites/federalfinancialrelations.gov.au/files/2026-03/nafs-signed.pdfFederal Financial Relations (Commonwealth/state agreement)Mar 20262026-08-20HighPrimary signed intergovernmental document (title/date only reviewed, not fetched in full)
R4-10Thriving Kids scope and fundingChildren 8 & under, developmental delay/autism, low-moderate needs; $4bn/5yr; commences 1 Oct 2026, full rollout Jan 2028https://www.ndis.gov.au/media/8641/downloadNDIA (Quarterly Report Q3 2025-26)~May 20262026-08-20HighPrimary NDIA report
R4-11Thriving Kids status, QLD non-participation, ~300,000 affectedMinister "confident" of Oct 2026 launch; QLD opted out; ~300,000 removed/prevented from NDIS access (~2028); no delay commitmenthttps://www.abc.net.au/news/2026-08-16/ndis-cuts-delay-thriving-kids-jenny-mcallister/107043264ABC News2026-08-162026-08-20HighReputable mainstream news source, directly fetched, dated within the current week
R4-12Navigator model status and timelineNot yet implemented; design/pilot 2026-2028; $20m prelim funding; $45m Quality Supports Program; DANA/NDS joint report Apr 2025https://centreofhope.com.au/ndis-navigators-future-of-support-coordination/Centre of Hope (sector explainer site)dated "as of March 2026"2026-08-20MediumSingle secondary explainer, not the NDIS Review report or an NDIA/DSS primary policy page; figures not independently cross-checked
R4-13Plan management market outlookPossible consolidation (unquantified); algorithmic planning, tightening compliance anticipated by mid-2026https://www.inkl.com/news/ndis-plan-management-in-2026-navigating-change-and-maximising-choiceinkl (news aggregator/explainer)20262026-08-20LowNo concrete figures given; source itself states uncertainty rather than fact
R4-14SDA national supply/demand25,633 eligible participants vs 30,271 places; +4,638 surplus; 53.7% utilisation (Q1 2026)https://sdasignals.com.au/sdaSDA Signals (specialist analytics site)Q1 2026 (released 2026-03-31)2026-08-20MediumCommercial analytics site; underlying NDIA source data and methodology not independently verified; detail behind paywall
R4-15Referral pathway for new providersSupport Coordinators are primary referral gatekeepers; speed/low-friction intake wins referralshttps://astalty.com.au/articles/how-to-get-more-referrals-as-a-new-providerAstalty (practitioner blog)undated2026-08-20LowSingle anecdotal practitioner blog post, not a data-backed industry study
R4-16SIL/SDA compliance and registration tightening (flagged, not detailed)NDS published guidance exists on this topichttps://nds.org.au/news/looking-ahead-at-sil-and-sda-compliance-and-registrationNDSundated2026-08-20LowIdentified via search only; content not fetched, so specific claims within it are unverified

UNVERIFIED / COULD NOT CONFIRM