Medical

A new $55m medical centre that took two years to build in the midst of the construction crisis has opened doors in Brisbane’s northside, hoping to take some pressure off nearby hospitals.

The funds management arm of KordaMentha has swooped on a private hospital in Melbourne in a $76m deal that is the single largest in the sector this year.

Potential buyers could bank on value-add or redevelopment opportunities in the first retail property to be offered for sale on Geelong’s main retail strip in more than 20 years.

It will be all smiles at a Newtown specialist orthodontics surgery when builders complete a landmark project in one of Geelong’s most prominent locations.

There was competition to purchase a Midlands cannabis farm. Who bought it? And how much did they pay?

A large Belmont GP and health clinic with significant upside has sold for close to $6m as medical and industrial sectors remain most buoyant in the commercial property market.

Savvy property investors chasing stability and long-term growth are parking their money in fast food outlets and medical centres.

For commercial property players, there’s plenty to like about the new federal budget, which will boost the childcare, healthcare and industrial sectors, encourage planning reform and prove our fiscal strength to overseas investors, experts say.

The budget provides targeted relief to those who need it most, with a focus on housing, improving access to childcare and healthcare.