Hospital Boom Driving Property Markets

A $160 billion hospital development boom is fuelling Australia’s next property hotspots.

Fresh Start Advisory and Hotspotting’s From Wards to Wealth report shows the property markets which are set to benefit from Australia’s hospital and medical centre projects.

Fresh Start Advisory CEO Frank Ambesi says there are 307 hospital and medical centre projects proposed or underway nationwide that are worth at least $100 million each.

He says the bigger projects will create thousands of construction and operational jobs.

“Suburbs surrounding medical infrastructure are magnets for renters and buyers who want to live close to where they work,” he says.

“This injects new demand for homes to buy or rent into the immediate area.”

The report identifies hospitals in the following ten locations as having the potential to have the biggest impact on Australia’s property markets:

Coomera (QLD), Frankston (VIC), Campsie, Bankstown and Camperdown (NSW), Toowoomba (QLD), Redcliffe (QLD), Footscray (VIC), Thebarton (SA), Thabeban (QLD), Cobblebank (VIC) and Burnie (TAS).