The SMH is reporting that medical centre yields have dropped to record lows of under 5% as private investors compete with syndicates and institutions for limited properties.
The most in-demand market is in Melbourne’s outer suburbs where the number of Baby Boomers has rapidly grown in recent years.
We are already seeing a growing number of village and care providers building into medical centre developments located in busy mid-ring locations (see the TLC Healthcare story further down).
In Queensland, Blue Care started integrating allied health services into its Azure Blue villages and aged care in 2012.
SA Profit for Purpose ECH is also planning a wellness centre for its big vertical village development on the former Tiffins on the Park hotel site in Adelaide, across the road from a major shopping centre.