GREAT SOUTHERN HEALTH PRECINCT EXPANSION

This new facility at the Great Southern Health Precinct will provide specially designed rooms for medical consultants and rehabilitation services.

Due to the success of the existing Great Southern Specialist Centre and Albany Day Hospital, there has been an increasing demand for a larger range of specialist services in the Great Southern region.

• Built to turnkey specification
• 499 SQM Building area
• 1470 SQM Land area
• 15 Exclusive and 20 Shared parking bays
• Solar roof panels
• Leased for 6 years + 2 x 5-year options
• Target completion is June 2023

Medical real estate has provided strong and attractive capital returns of 4.5% per annum in Australia in 2020. Healthcare remains to be a non-discretionary expense, and it will continue to flourish regardless of the economic conditions. 

Australia’s private healthcare sector is valued at $25 billion in 2022 as medical real estate assets. It is expected to rise by at least 63% in the next two decades due to our ageing population. In 2041, people aged 65 and over will account for 18.9% of the country’s overall population.