Sydney health infrastructure receives huge investment

Sydneys-health-sector-will-see-some-significant-improvements_157_73555_0_14098727_300Sydney has made a major gain from the recent New South Wales state budget, with a major improvement to its health sector in the works.

The construction of five new ambulance station hubs is planned to take place across greater Sydney, a project that will cost $150 million in total. An initial burst of $24 million of funding will come from this year’s state budget, said Health Minister Jillian Skinner in a June 17 release.

“While ambulance stations across Sydney have been refurbished or replaced on existing sites, a major new station has not been built in Sydney for over 16 years,” Mrs Skinner explained.

The hub sites were identified through the NSW Ambulance Sydney Metropolitan Infrastructure Strategy, and will accommodate training services and vehicles. They will be places where paramedics can start and finish shifts.

Property investors will want to take note of the areas which will see the additions, which include Bankstown, Blacktown and Penrith. These are all growth areas whose populations are forecast to grow by percentages ranging from 12.15 to 37.27 by the early- to mid-2030s, according to demographic analysts Id.

The construction of new ambulance hubs is a good sign for the construction of further amenities in the growing areas. Not only do these have the potential to drive up property prices in surrounding areas, but they can also serve as magnets for more residents and thus further growth.

The funding of the ambulances is part of New South Wales’ $1.3 billion commitment to rebuild a range of health facilities. Westmead Hospital and Sutherland Hospital will see redevelopment, while nearby Campbelltown will see the construction of a new hospital clinical school in partnership with the University of Western Sydney, according to a June 18 release by Ms Skinner.

Much as with the ambulance hubs, these significant infrastructure projects will no doubt have a significant impact on property prices in an already-expanding region.

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