The Best Western Australian Investment Suburbs Within a 15-Minute Commute of Major Hospital Hubs

Western Australia's healthcare infrastructure is experiencing a historic transformation in 2026, with the State Government committing $4.7 billion to hospital building programmes—the largest in the state's history. This unprecedented investment is creating unique opportunities for property investors who understand the correlation between healthcare employment hubs and residential property demand. As hospital expansions accelerate and healthcare worker numbers surge, suburbs within a 15-minute commute radius are emerging as prime investment targets.

Understanding the Hospital Hub Advantage

Hospital proximity has become a critical factor in property investment strategies. With WA Health operating over 80 hospitals across the state and employing more than 50,000 healthcare professionals, the demand for convenient housing near medical centres continues to intensify. The vacancy rate in Perth currently sits at a remarkably low 0.4%, according to the Real Estate Institute of Western Australia (REIWA), creating a landlord's market, particularly in suburbs servicing hospital workers.

"Healthcare professionals prioritise proximity to their workplaces due to irregular shift patterns and the need for rapid response during emergencies," explains Paul Virdi, Director of Alpha Real Property Group. "This creates consistent rental demand that remains resilient even during economic downturns, making hospital-adjacent suburbs particularly attractive for long-term investors."

The lucrative Investment Suburbs of WA

Fiona Stanley Hospital Precinct: Southern Suburbs Powerhouse

Located 15 kilometres south of Perth's CBD, Fiona Stanley Hospital represents Western Australia's largest building project ever, with 783 beds and a $2 billion investment. The new Women and Babies Hospital, scheduled for completion by 2029, will create over 1,400 construction jobs and solidify the precinct's position as the southern metropolitan area's healthcare epicentre.

Murdoch (median house price: $1,300,000) offers investors direct access to both the hospital campus and Murdoch University, located adjacent to Murdoch railway station. With an 8.33% annual capital growth rate and properties spending just 8 days on the market, this suburb demonstrates strong investor confidence. The rental yield of 3.55% reflects the premium location, with median weekly rents at $800.

Willagee, positioned just 12 kilometres south of the CBD and less than 7 kilometres from Fiona Stanley Hospital, presents a more affordable entry point. Properties here achieved a median house price of $975,000 at the end of August 2025, representing 10.5% growth over 12 months. Units show particularly strong performance, with 19.6% annual growth and median prices of $622,000, making this suburb ideal for investors targeting healthcare workers and university students.

Sir Charles Gairdner Hospital: Western Suburbs Excellence

Sir Charles Gairdner Hospital, situated at the Queen Elizabeth II Medical Centre just 4 kilometres from Perth's CBD, is Western Australia's largest public hospital and a leading research facility. The WA Government has allocated $113 million for specific upgrades, with an additional $50 million Health Asset Maintenance Fund dedicated to improvements across 2025-26 and 2026-27.

Shenton Park provides exceptional connectivity via Shenton Park Railway Station, with a median house price of approximately $2,150,000 and a median rent of $880 per week. Despite the premium price point, units offer more accessible opportunities at a median of $675,000, with rental yields of 5.16% attracting yield-focused investors.

Nedlands, home to the University of Western Australia and the QEII Medical Centre, commands median house prices of $2,306,000 with annual capital growth of 4.82%. Properties spend an average of just 11 days on the market, demonstrating sustained demand from medical professionals and academics. Units present a more affordable alternative at approximately $750,000 with rental yields of 4.66%.

Joondalup Health Campus: Northern Corridor Growth

Joondalup Health Campus is undergoing a multi-million-dollar expansion that officially opened in mid-2025, featuring a 106-bed public ward block and astate-of-the-art theatre complex. An additional 60 beds will be fitted out by mid-2026 following a $24 million investment in the State Budget 2025-26, positioning it to become Western Australia's largest hospital.

The suburb of Joondalup itself (median house price: $770,000) experienced remarkable 20.7% annual growth in house values. Located approximately 26 kilometres north of Perth's CBD, it offers excellent public transport links via Joondalup Station, with the northern rail extension to Yanchep adding three new stations and increasing capacity for commuters. House rents increased 8.5% over the past year to $640 per week, whilst unit rents surged 11.5% to $580 per week.

Warwick, emerging as an "undervalued gem" according to property experts, offers generous block sizes and development potential whilst maintaining median house prices below neighbouring suburbs. Located in the City of Joondalup, it provides quick access to employment hubs via the Mitchell Freeway and benefits from local amenities, including Centro Warwick Shopping Centre and quality schools.

Royal Perth Hospital & Peel Health Campus: Future-Ready Investments

Royal Perth Hospital's new six-storey building, with two floors dedicated to a new emergency department, will commence construction in 2026 with $33 million allocated for detailed planning. Simultaneously, the Peel Health Campus in Mandurah will be replaced by a new greenfields hospital adjacent to the existing campus, with $37.7 million allocated for planning and construction commencing in 2026.

Mandurah and the surrounding Peel Region suburbs present opportunities for forward-thinking investors anticipating the healthcare employment surge. The new hospital will feature an expanded 39-bay emergency department, dedicated mental health facilities, a cancer treatment centre, and palliative care services—all driving workforce expansion and housing demand.

The Investment Equation

Perth's property market predictions for 2026 indicate 6-8% median dwelling price growth, with median rents exceeding $700 per week across the metropolitan area. The Perth median house price stands at approximately $780,000 according to REIWA October 2025 data, representing exceptional value compared to Sydney's $1.45 million and Melbourne's $980,000.

With Western Australia's population growing at 2.3% per annum and active listings sitting at only 5,000—representing just 40% of equilibrium—the supply-demand imbalance favours property investors. Hospital hub suburbs benefit from additional demand drivers: consistent employment, shift-worker requirements, and professional demographics with strong rental payment histories.

For investors seeking resilient, growth-oriented opportunities in 2026, suburbs within a 15-minute commute of Western Australia's major hospital hubs offer a compelling combination of capital growth potential, rental yield stability, and long-term demographic tailwinds that few other investment strategies can match.

About Alpha Real Property Group: Specialising in strategic property investment across Western Australia, Alpha Real Property Group helps investors identify high-potential opportunities in growth corridors. For expert guidance on hospital hub investments, visit www.alpharealproperty.co.au or connect on LinkedIn, Facebook, and Instagram.

Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Readers should conduct their own research and consult with qualified professionals before making a property investment decision.