The Property Council, alongside Urban Economics, has launched Social Infrastructure “” Health and Education as an Asset Class within South-East Queensland, a pioneering research report into the role of social infrastructure in South-East Queensland”s economy.
The report examined the role of the private sector in funding and delivering health and education assets, which together were valued at almost $40 billion and accounted for 25 per cent of jobs within the region.
Key findings from the report highlighted that in addition to the sector”s key social, health and educational benefits, it is also an essential and dynamic part of the State”s economy.
- Two in every five new jobs over the last 25 years have been in the health and education sector
- Nearly half of the pipeline of education and health projects” value was attributable to non-government investment
- The weighted average lease expiry (WALE) of social infrastructure assets was between 10 and 20 years “” compared to commercial, industrial and retail assets which generally have WALEs below 5 years
- Social infrastructure in Queensland contributes approximately 16.5 per cent to Gross Regional Product (GRP)
Since the commissioning of the report there has been an additional $9 billion commitment in hospital investment over the next five years by the Queensland Government, which has increased the pipeline exponentially.
You can read the research in full here.
Read our Media Release here.
If you have any further queries, please don”t hesitate to get in touch with the Queensland Advocacy Team via [email protected] or 07 3225 3005. “