Property and Infrastructure Specialists

Future directions in private health

APP hosted an industry forum on the future of private health and the opportunities for the property sector featuring health industry expert Greg Hardes of Hardes Associates. The discussion focussed on the supply-led characteristics of the health sector and some myth-busting of popular preconceptions about health. APP have been working closely with Greg Hardes to develop our understanding of how property markets can capture more of this growing opportunity.
Future directions in private health

According to Greg, the arrival of the boomer generation into their 60s and 70s will see an exponential increase in demand for hospital procedures. With advances in clinical practice and with public hospitals largely being unable to cope with further demand, much of this will be reflected in increased day surgery procedures at private day hospitals. This sector of the market was growing at nearly 6% per annum, twice the rate of growth of traditional public hospitals.

Greg’s background is as an epidemiologist – the study of medical statistics. His business has advised a wide range of public and private health industry providers across the country and his market reports are recognised as market leading. APP is working with Greg to understand more about the drivers and metrics of future demand in health and allied health services and how this will be met with solutions in the built environment.

We are developing a better understanding of site selection, space requirements, tenure preferences and related metrics. As medical and related uses grow, APP also believes it is likely that the retail sector will appear increasingly attractive: shopping centres tend to be well located and already act as centres of community focus.

The photos from the event can be viewed here. Please contact Ross Elliott for further information or to express your interest in attending our next industry forum.