Medical

Medical-based commercial properties are coming sharply into focus in the back half of 2018, with a number of properties transacting or being released onto the market.

Sydney-based boutique fund manager Barwon Investment Partners has made its first foray into Western Australia, funding the $20 million development of a healthcare hub north of Perth.

A Hong Kong buyer has splashed $12.5 million on a medical supersite in Caroline Springs – the highest price paid for a medical centre in Melbourne so far this year.

A Caroline Springs medical supersite expected to sell for more than $11 million has caught the eye of savvy overseas investors.

Linking old with new, the $1.1 billion Herston Quarter, central Brisbane, is set to be one of the city’s largest and most complex biomedical precincts.

The popularity of our education sector overseas, particularly from Asian students, has been a huge export success. It is now our number one service export and our third largest overall after iron ore and coal. 

Cast your commercial property radar beyond the capital cities and there are bargains to be found, with sumptuous investment yields approaching 10%.

A group of Adelaide investors led by Pep Rocca of Australasian Property Developments will overhaul the University of Adelaide’s Thebarton Campus, after buying it for a price in the mid-$20 million range. This article originally appeared on theaustralian.com.au/property.

Food and convenience store operators are being sought to become the first tenants of Victoria’s new Bendigo Hospital.