Hospital-Proximity Apartments
Apartments within walking distance of major hospitals. Secure healthcare worker tenants with stable employment and long-term leases.
Key Benefits
Walking distance to RPA, St Vincents, Westmead
Healthcare worker tenant pool (65,000+)
Stable employment = secure rental income
Shift-work proximity premium ($40-$70/week)
High demand, low vacancy (<2.5%)
Future-proof investment (aging population)
Market Insights
Apartments within 800m of major hospitals (RPA, St Vincents, Royal North Shore) command 8-12% rental premiums ($50-$85/week) from nurses, doctors, and allied health professionals valuing walk-to-work proximity for shift work, emergency callouts, and work-life balance.
Healthcare precinct apartments in Camperdown, Darlinghurst, and St Leonards achieve 98-99% occupancy with average tenancy lengths of 3.2-4.1 years, driven by hospital employment stability, professional income reliability ($70k-$180k salaries), and chronic accommodation undersupply.
Hospital proximity investment delivers 7-10% annual capital growth, outperforming Sydney metro (5-7%), due to healthcare sector expansion (NSW Health $8.4B infrastructure pipeline), aging population demographics, and medical research precinct development (Camperdown Alliance, Randwick Hospitals Campus).
Best Suburbs for Hospital-Proximity Apartments
Curated selection based on rental yields, capital growth, and market demand
Parramatta
Redfern
Newtown
Chippendale
Surry Hills
Darlinghurst
Paddington
Woollahra
Edgecliff
North Sydney
St Leonards
Neutral Bay
Crows Nest
Westmead
Harris Park
Confidential Healthcare Precinct Guide
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