Medical Insight | Q1 2024
Reflecting on Q1 2024, RWC Medical is excited to share key insights into the medical property market, including notable trends in strata, freehold, and childcare facility sales.
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The Stability of Private Hospital Strata Suites in the Face of Varying Cash Rates
The commercial real estate sector, particularly private hospital strata suites, exhibits remarkable resilience amid economic shifts. Despite fluctuating cash rates, the demand for these essential healthcare facilities remains inelastic, driving consistent price growth from 2008 to 2023. Limited supply and stringent regulations bolster this trend, making these properties a stable and strategic investment for medical professionals. The sector’s immunity to broader economic conditions positions it as an attractive option for those looking to secure a future in healthcare services.
Australia’s Healthcare Industry Faces Severe Worker Shortage: Addressing the Crisis
Australia’s healthcare industry is confronting a critical shortage of workers, a challenge intensified by the aging population and a 15% surge in medical service demand expected in the next three years. With 1.7 million current jobs, the healthcare sector is the nation’s largest employer, representing 30% of the workforce. However, a daunting forecast predicts over 100,000 worker shortages by 2025.
Commercial Property Outlook for 2024
Despite challenges, 2024 promises investment opportunities in commercial real estate, especially in resilient sectors like medical properties, essential retail, and recovering office spaces, amid a high-interest rate environment.
Navigating the Complexities of Medical Property Leasing: The Turnkey Tenancy Advantage
Discover the crucial decision between turnkey tenancies and bespoke fit-outs in healthcare real estate with RWC Medical. Understand cost implications, operational readiness, and compliance considerations for optimal property selection in the medical and allied health sectors.
Finding the Right Property for Healthcare Specialists: An Overview of Key Considerations
Exploring essential considerations for healthcare specialists in property selection, focusing on patient accessibility, facility layout, and strategic location to ensure optimal care and enhance business success across Australia.
Repurposing Commercial Buildings into Dedicated Medical and Allied Health Precincts in Australia
The article highlights Australia’s growing trend of transforming commercial buildings into medical precincts. This approach addresses healthcare challenges and revitalises communities, though adapting buildings to medical standards can be challenging. Successful examples include Melbourne’s former Myer store and Geelong’s Ford factory, showcasing benefits like enhanced healthcare access and economic growth.
Rising Cost of Healthcare in Australia and What it Means for Patients and Providers
This article explores the rising healthcare costs in Australia, now averaging $8,617 per person, driven by factors like an aging population, advanced medical technology, and expensive pharmaceuticals. It highlights the financial burden on patients and the cost-cutting pressures on providers, suggesting solutions like increased government funding and more affordable health insurance.
The Importance of Location in Healthcare: A Guide for Medical Specialists
When it comes to setting up or expanding your medical practice, location is not just a logistical concern—it’s the linchpin that brings together high-quality patient care and business success. This article aims to provide you with an in-depth guide on how to choose the right location for your medical practice.
How to Pick the Right Healthcare Property to Lease in Australia: Your Ultimate Guide
Leasing the right healthcare property in Australia is a significant but manageable challenge. Whether you’re interested in a medical office for lease or a more specialised medical property, this guide aims to provide you with the essential information to make an informed decision.
