An artist’s impression of the expansion of Redcliffe Hospital. Supplied.
A $160 billion wave of hospital construction is quietly reshaping Queensland’s property market and creating the next generation of real estate hotspots, where prices could double in 10 years.
New analysis by Hotspotting for Fresh Start Advisory reveals the key suburbs expected to benefit from more than 84 major hospital and medical centre projects either underway or in the pipeline across the state in the coming years.
A render of the new Coomera Hospital, released by Queensland Health in December 2025.
Unlike other infrastructure, experts say hospitals have a unique ability to drive property demand across the entire market — from entry-level units to prestige homes.
Fresh Start Advisory chief executive Frank Ambesi said the impact was both immediate and long-term.
“Hospitals, as a result of the broad nature of their staff cohort, have the ability to create demand across the entire spectrum of the property market from high-end, luxury homes to affordable houses and apartments,” he said.
“Suburbs surrounding medical infrastructure are magnets for renters and buyers who want to live close to where they work.
“Investors seeking long-term growth are well advised to follow the hospital infrastructure trail.”
The existing Redcliffe Hospital. Picture: Nigel Hallett.
Hotspotting founder Terry Ryder said the trend was already playing out in parts of Queensland, with the Sunshine Coast emerging as a standout case study.
“Property prices have doubled since the $1.8 billion Sunshine Coast University Hospital opened, and there is significant apartment development continuing,” Mr Ryder said.
“People were coming from other parts of Australia and the world to take these high-paying specialist jobs there, so the markets at the top end (on the Sunshine Coast) had a lot of growth.”
Nationally, $160 billion worth of hospital projecst are either proposed or underway, and Queensland firmly in the spotlight, with 84 major hospital projects either proposed or underway — second only to New South Wales with 122.
Hotspotting founder and property analyst Terry Ryder.
Among the hospital infrastructure projects tipped to have the biggest impact on surrounding property markets are Coomera, Toowoomba, Redcliffe, and Bundaberg.
Mr Ryder said the project set to have the greatest impact on home prices was in Coomera — a growth corridor with two major hospitals under construction and proposed.
He expects Coomera, and the surrounding suburbs of Upper Coomera, Pimpama, and Willow Vale, to be the biggest beneficiaries.
Coomera’s median house price has increased 21 per cent in the past 12 months to just over $1m, and has an had annual average price growth of 13 per cent over the past five years.
“Suburbs in the southern Logan City area, as well as the northern Gold Coast precinct, are
expected to experience elevated real estate demand,” he said.
“The areas around the new hospital development have numerous large housing estates under
development delivering not just new housing stock, but also improved resident amenities and
services.”
Mr Ryder said hospital projects were different to other infrastructure projects because they generated jobs during the building phase and the operational phase.
Progress of the construction of the new Toowoomba Hospital by John Holland. Picture: Kevin Farmer.
While major builds created thousands of jobs, the operational workforce could be even larger — often requiring up to 5000 staff once complete.
“When it comes to a hospital, there are lots of jobs in building it, but also lots of jobs in running it,” he said.
“These developments are expected to attract an influx of workers — from doctors and nurses to administration staff and service workers — many of whom will need housing close to their workplace.
“Unlike transport or sporting infrastructure, which can deliver more localised or short-term boosts, hospitals create consistent, long-term demand that reshapes entire suburbs.”
Redcliffe Hospital is also set to undergo a major $2.1 billion expansion starting this year.
Mr Ryder expects Redcliffe, Clontarf, Kippa-Ring, and Woody Point to continue to experience strong property price growth as a result.
The old Bundaberg Hospital.
An artist’s impression of the new Bundaberg Hospital.
Redcliffe’s median house price has risen by 11 per cent in the past year to $950,000, and its average annual price growth over the past five years was 14 per cent.
“The Redcliffe Peninsula is a prime example of an area that is transforming its appeal as well as its property offerings to meet a changing demographic,” he said.
“Extensive levels of public and private investment in the region over the past decade have led to rapid gentrification, with apartment blocks replacing older homes.”
In Toowoomba, a new $2 billion hospital is under construction, with the property markets in the suburbs of Cranley, Harlaxton, Rockville, and Wilsonton Heights set to benefit.
Cranley has a median house price of $750,000, which increased by 12 per cent in the past year, and its annual average price growth over the past five years was 14 per cent.
“The new hospital will have a major impact on the Toowoomba real estate market, in conjunction with other major infrastructure projects, including the new Wellcamp Airport and the upcoming Inland Rail Link hub near the airport,” Mr Ryder said.
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