Sunshine Coast University Hospital to create thousands of jobs
Deciding where to buy residential real estate is a decision that will depend on several factors, including the availability of vital amenities, quality of infrastructure and proximity of employment opportunities.
The profitability and resale value of a property will be impacted by its location, with areas experiencing significant growth in infrastructure development likely to filter through to the housing market.
The Sunshine Coast is one such region that is earmarked for future development - a trend that could see property prices rise in the area.
Due for completion in 2016, the new Sunshine Coast University Hospital will boost the local employment sector, with it generating thousands of jobs in the construction and operation phases - potentially increasing demand on the surrounding real estate market.
Queensland health minister Lawrence Springborg said applications for 230 work packages on the project open to the public tomorrow (January 16) - creating more jobs for Sunshine Coast residents as a result.
"This is a great opportunity for businesses to be a part of one of this state's most important infrastructure projects," Mr Springborg explained.
The new facility will also provide employment for more than 3,500 staff - potentially growing to 6,000 by 2021.