The healthcare and medical sectors are set to benefit from significant growth across Australia over the coming decades, driven by a mix of demographic changes and technological advancements.
Hospitals are major economic drivers in and of themselves, with complementary services attracted to the steady stream of visitors and their families, workers and visitors.
So the question becomes, what are the land use and infrastructure considerations where a community is already established and how different are those considerations in a greenfield setting?
Will people pay a premium for residential or commercial land use if it’s near a hospital? What other opportunities will co-locate and cluster with the health sector?
This is where getting the balance right is key. Understanding all factors in the decision making process, through research and economic and financial analysis.
As a key growth sector for Australia, it is essential to ensure planning and development respond to the needs for health and allied health uses across the country.