The health sector in Ballarat is booming, making it a prime asset class for investors with the city providing a robust healthcare infrastructure, supported by both public and private entities said Burgess Rawson’s Sam Mercuri.

The original gold rush town, Ballarat is experiencing significant growth and development, becoming a focal point for investors and businesses alike.

With its rich history and strategic location, Ballarat’s population and economic performance have been on a steady rise. Ballarat’s population is forecast to increase to 164,365 by 2046 while its economy is also on the move with The City of Ballarat reporting Gross Regional Product (GRP) set to surpass $8.5 billion — a 10.3% rise from the previous year.

Burgess Rawson’s Sam Mercuri said the health sector in Ballarat is booming, making it a prime asset class for investors with the city providing a robust healthcare infrastructure, supported by both public and private entities. As a result, health-related properties in Ballarat are highly sought after, providing stable and lucrative investment opportunities.

“As Ballarat continues to grow, investing in its healthcare sector presents a promising opportunity for investors seeking stable and long-term returns.’

Mr Mercuri said recent sales of medical assets in the Ballarat precinct have recorded sharp yields as low as 4.54 per cent.

Key sales include an asset leased to Lake Health Group which sold on a yield of 4.91% while the asset leased to St John of God Health Care was acquired for $3.93 million on a 5.54% yield and a Bupa Dental outlet sold for $1.785 million providing a return of 4.54%.

Burgess Rawson’s upcoming portfolio auction, offers two prime health assets in Ballarat, with both properties already generating strong interest.

The first, leased to Mercy Health, comprises a 247sqm commercial/retail building on a 434sqm corner site with dual street frontage, generating a net income of $78,804 per annum.

The second, leased to Lake Imaging (part of Integral Diagnostics), is a 620sqm purpose-built facility on a 1,752sqm main road site with 24 car spaces, generating a net income of $282,550 per annum.

The properties will be offered at our Portfolio Auction event 170 at Crown Casino on Wednesday 7th August.

These properties not only offer attractive financial returns but also benefit from Ballarat’s thriving economy and growing population. The city’s focus on expanding its healthcare services makes these assets particularly valuable, ensuring steady demand and occupancy rates.

“The future outlook for medical assets in Ballarat remains positive, with continued growth expected in both population and healthcare needs. This makes it a promising area for investors looking to capitalise on the expanding healthcare sector, Mr Mercuri added.

Commo