Are you interested in how the new Tweed Valley Hospital will affect the area, and most importantly, how it will affect your investment?
Hospital projects generate large numbers of jobs, both during construction and upon completion. The economic impact of a new hospital extends beyond the hospital itself, spawning a variety of other businesses servicing the local population, from non-hospital medical services to cafes.
Jobs attract people and naturally increase the demand for housing.
The increase in demand comes both from people who work at the hospital during and post construction, and from people who value living close to medical facilities.
The extra demand for housing triggered by a new hospital puts upward pressure on rents and property prices in the surrounding areas. And these areas should continue to experience the benefit of increased demand well into the future, fundamentally shifting the nature of the local market.
Being close to the site of the new hospital will prove to be a wise investment, especially in the parts that will have good transport links.
The new Tweed Valley Hospital is now under construction, with completion planned for 2022 and opening in 2023.
It will be almost double the size of the current Tweed Hospital and provide an extended range of medical and surgical services. You can follow all the progress here: http://www.tweedvalleyhospital.health.nsw.gov.au