A $160 billion wave of hospital construction is quietly reshaping Queensland’s property market and creating the next generation of real estate hotspots, where prices could double in 10 years.

Analysis by Hotspotting for Fresh Start Advisory reveals the key suburbs expected to benefit from more than 84 major hospital and medical centre projects either underway or in the pipeline across the state in the coming years.

Unlike other infrastructure, experts say hospitals have a unique ability to drive property demand across the entire market — from entry-level units to prestige homes. Fresh Start Advisory chief executive Frank Ambesi said the impact was both immediate and long-term.

“Hospitals, as a result of the broad nature of their staff cohort, have the ability to create demand across the entire spectrum of the property market from high-end, luxury homes to affordable houses and apartments,” he said.

“Suburbs surrounding medical infrastructure are magnets for renters and buyers who want to live close to where they work. Investors seeking long-term growth are well advised to follow the hospital infrastructure trail.”

Hotspotting founder Terry Ryder said the trend was already playing out in parts of Queensland, with the Sunshine Coast emerging as a standout case study. “Property prices have doubled since the $1.8 billion Sunshine Coast University Hospital opened, and there is significant apartment development continuing,” he said.

“People were coming from other parts of Australia and the world to take these high-paying specialist jobs there, so the markets at the top end (on the Sunshine Coast) had a lot of growth.”

Nationally, $160 billion worth of hospital projects are either proposed or underway, and Queensland firmly in the spotlight, with 84 major hospital projects either proposed or underway — second only to New South Wales with 122. Among the hospital infrastructure projects tipped to have the biggest impact on surrounding property markets are Coomera, Toowoomba, Redcliffe and Bundaberg.

Mr Ryder said the project set to have the greatest impact on home prices was in Coomera — a growth corridor with two major hospitals under construction and proposed. He expects Coomera, and the surrounding suburbs of Upper Coomera, Pimpama, and Willow Vale, to be the biggest beneficiaries.

Coomera’s median house price increased 21 per cent in the past 12 months to just over $1m and has had an annual average price growth of 13 per cent over the past five years. “Suburbs in the southern Logan City area, as well as the northern Gold Coast precinct, are expected to experience elevated real estate demand. The areas around the new hospital development have numerous large housing estates under development delivering not just new housing stock, but also improved resident amenities and services.”

Redcliffe Hospital is also set to undergo a major $2.1 billion expansion starting this year. Mr Ryder expects Redcliffe, Clontarf, Kippa-Ring, and Woody Point to continue to experience strong property price growth as a result.