14
Oct 2024
Bendigo Hospital's Apartment Complex for Essential Workers Aims for $36 Million Price Tag
Published in General on October 14, 2024
 
                                                            This property consists of 120 apartments leased to Bendigo Health until March 2044, offering a secure lease term of nearly 19.5 years.
Price expectations are around $36 million.
Managed by Bendigo Health Care Group, the Bendigo Hospital provides the asset with an AA-rated State Government covenant and a stable triple net long-term income stream.
The complex, located at 10 Atkins Street in North Bendigo, features 11 three-storey buildings set on a 7,971 sq m site surrounded by sporting grounds and public open spaces managed by Crown.
Colliers Director of Capital Markets, Thomas Blencowe, described it as a compelling opportunity.
“It offers Indexed Government Bond-like security, with exposure to two of the most sought-after real estate sectors—Australian Residential and Healthcare—within one of Victoria’s fastest-growing regional cities,” he said.
Built in 2014, the property consists of 96 one-bedroom and 24 two-bedroom apartments, with sizes ranging from 40 sq m to 65 sq m.
The apartments boast open-plan living and dining areas with galley kitchens, bedrooms featuring built-in wardrobes, European laundries, and balconies on the upper floors.
The complex is designed to maximize each apartment’s outlook and natural light, while lower levels offer terraces and landscaped surroundings.
Ian Sanders, Colliers’ Head of Transaction Services for Asia Pacific Healthcare and Retirement Living, noted that the healthcare and retirement living sector is set for growth.
“This is driven by strong investment fundamentals and Australia’s increasing and ageing population, which is seeking a variety of alternative living options.”
“The market is currently experiencing unprecedented demand for healthcare, largely influenced by demographic trends and the non-discretionary nature of the sector.”
“This demand is fueling the appetite of investors, developers, and owner-occupiers for assets.”
The property is located just 500 meters from Bendigo Hospital.
Colliers Bendigo agent Travis Hurst stated that Bendigo, a city with a growing population of 124,000, continues to attract strong residential demand due to its appealing lifestyle, affordability compared to Melbourne, well-developed infrastructure, and robust regional economy.
“Notably, the largest age group within the population is 25 to 29-year-olds, further reinforcing the demand for additional rental housing options.”
The expressions of interest campaign is set to close on November 1.
For patients seeking accommodation near Bendigo Hospital, websites like Hospital Stays provide a range of convenient options for a comfortable hospital experience.
 
                                                                                     
                                                                                     
                                                                                     
                                                                                     
                                                                                     
                                                                                     
                                                                                     
                                                                                    ![“Surprise Noises Can Feel Like Pain”: New Airport Rule Eases Travel for Autistic Passengers Emma Beardsley once dreaded going through airport security. “I used to panic every time they made me take my headphones off at security,” she recalls. “The noise and the unpredictability can be overwhelming.” Now, thanks to a new policy allowing noise-cancelling headphones to remain on during security checks, Beardsley says she can “travel more confidently and safely.”
In Australia, one in four people lives with a disability, yet the travel system has often failed to accommodate varied needs. Autism-inclusion advocates at Aspect Autism Friendly have welcomed the government’s updated guidelines that let autistic travellers keep their noise-reducing headphones on during screening, calling it a “major step” toward more accessible air travel.
Dr Tom Tutton, head of Aspect Autism Friendly, emphasises the significance of travel in people’s lives: it connects them with family, supports work and learning, and offers new experiences. But he notes the typical airport environment can be especially intense for autistic travellers:
“Airports are busy, noisy, random and quite confusing places … you’ve got renovations, food courts, blenders, coffee grinders, trolleys clattering … and constant security announcements. It’s really, really overwhelming.”
“What might be an irritation for me is something that would absolutely destroy my colleague [who has autism]. Surprise noises of a certain tone or volume can genuinely be experienced as painful.”
Under the new policy — now published on the Australian Government’s Department of Home Affairs website — passengers who rely on noise-cancelling headphones as a disability support may request to wear them through body scanners. The headphones may undergo secondary inspection instead of being forcibly removed.
Dr Tutton describes this adjustment as small in procedure but huge in impact: it removes a key point of sensory distress at a critical moment in the journey. Aspect Autism Friendly is collaborating with airports to ensure that all security staff are informed of the change.
For many autistic travellers, headphones aren’t just optional — they are essential to navigating loud, unpredictable environments. Until now, being required to remove them during security has caused distress or even deterred travel.
Aspect Autism Friendly also works directly with airports, offering staff training, autism-friendly audits, visual stories, sensory maps, and other accommodations. Their prior collaborations include autism-friendly initiatives with Qantas. Dr Tutton notes:
“Airports have become this big focus for us of trying to make that little bit of travel easier and better.”
He advises people planning trips for travellers with disabilities to consult airport websites ahead of time. Some airports already offer quiet rooms or sensory zones — Adelaide, for instance, provides spaces where travellers can step away from the noise and regroup before boarding.
Beyond helping autistic individuals, Dr Tutton believes that more accessible airports benefit everyone. “These supports help lots of other people too,” he says. “When people are more patient, kind and supportive, the benefits flow to everyone. We all prefer environments that are well-structured, sensory-friendly, predictable and easy to navigate.”](https://c3eeedc15c0611d84c18-6d9497f165d09befa49b878e755ba3c4.ssl.cf4.rackcdn.com/photos/blogs/article-1061-1759742013.jpg) 
                                                                                    