Australia’s ageing population will place pressure on healthcare, but if the numbers don’t stack up, investment won’t flow to the sector.
However, the returns from the sector warrant such investment, as Real Capital Analytics head of analytics Benjamin Martin-Henry explains in this TUD Plus Briefing taken from The Urban Developer’s Healthcare Property vSummit.
Martin-Henry said that between 1980 and 2020, the proportion of the population aged over 85 had doubled, from 1 per cent to 2 per cent, and this was forecast to be double again by 2066.
“What that means, of course, is that we’re going to need more healthcare—it’s just a fact of life that as you get older, you tend to have to visit the doctor a bit more, you need more check-ups, you need more operations, you need more drugs or whatever,” he said.
“And if a larger proportion of our population is living longer, we are going to need more medical centres.
“Investors know that we need these kinds of things, and they are increasing their allocations.
“But they also get good returns out of it, they get good performance out of it.
“So, it’s not just a social thing that we’re seeing with investors getting into the health care sector.”
Article Source: www.theurbandeveloper.com
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