The Healthcare Market
Comprises 7.4% of Australia’s GDP and Forecast Growth of 4.7%pa over the next decade, almost twice the 2.5% National GDP forecast growth rate.
(Source: Australian Institute of Health and Welfare).
Heathcare Drivers • Increased Healthcare Expenditure exceeding GDP Growth • Growing of Private Health Insurance Uptake • Ageing Population • A generation of affluent “Baby Boomers” entering retirement phase. Employment • Healthcare Sector Employment Growth is expected to more than double the overall anticipated employment growth for all sectors combined over the next decade (Deloitte Access Economics) Healthcare Investment Performance • Healthcare returns exceeded office and retail over past 5 and 10-year periods. • Annual Returns in 2021 – all time high of 24.9%. • Lower Rate of volatility versus other sectors – particularly in downturns. • COVID-19 showed that Healthcare Sector maintained acceptable returns despite uncertainty in other sectors. • Healthcare yields currently at historical lows. • Growing appetite for investors entering this sector.
Total returns by sector (2007 to 2021)
35 30 25 20 15 10 5 0 -5
-10 -15
Healthcare
Retail
Office
Industrial
North Shore Medical Centre 10
North Shore Medical Centre
11
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