Medical

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.

With locations across metropolitan and regional NSW and Tasmania, the portfolio includes a laboratory and dental supply company.

Investors are chasing certainty in familiar locations and essential service assets with long-term leases, with buyers new to commercial fighting for more affordable assets.

Commercial agency Burgess Rawson witnessed a ”flight to quality” across its three-day portfolio auction this week, with investors turning to the tried and tested childcare, retail and medical assets.

Healthcare assets have proved their resilience during the pandemic, so much so that they are being regarded as a gold signature asset for investors.