One of Australia’s newest property advisories has chosen Bendigo for its third office.
Patrick Leo is headquartered in Potts Point, Sydney, and has an agency in Collingwood, in inner north-east Melbourne.
The property business is affiliated with mortgage broker Sami L Home Loans and planning company Sami L Advisory.
Patrick Leo also offers property management, research and a new international product “aimed at helping Australian ex-pats to invest back home”.
“This was piloted at the end of 2018 in London and has already sourced investments for 14 ex-pats based in UK,” the company’s managing director, James Nhill, said.
The executive said it chose to expand into Bendigo “in response to the high demand and growth potential in regional Victoria”.
It will move into a historic space at 21 View Point, opposite Alexandra Fountain (pictured top and above, right).
“It is clearly one of Australia’s fastest growing regional cities and I have been selling Bendigo as an investment ‘hot-spot’ for years,” Mr Nhill said.
“Properties in Bendigo are affordable, rent easily, and consistently demonstrate a good return and capital growth over the medium to long-term”.
Patrick Leo currently has 40 properties under management in Bendigo.
“We decided it was the right time to make the move to open up in Bendigo to directly manage our client’s properties,” Mr Nhill said.
“We have since reduced management fees for each owner and increased rents where we could, and our clients have never been happier.”
Mr Nhill said “while I founded Patrick Leo in Sydney [in 2014], I was born and raised in regional Victoria, so I am so pleased to be able to come back home to an area close to my heart to help locals build wealth and assist the community in any way that we can”.