055: Julian Muldoon of 1Group Property Advisory | Melbourne

“If you can really wait until you get to do it once, you generally want to do it really well.” - Julian MuldoonDoctors can have a unique advantage when it comes to property, with strong incomes, borrowing capacity and relatively predictable career paths. But with that capacity comes a different challenge: knowing when to buy the family home, invest, establish a private practice or acquire commercial premises — and how to make those decisions work together.In this episode, Chris Bates and Julian Muldoon from 1Group Property Advisory explore the property decisions facing medical professionals, from building residential portfolios to buying or developing premises for private practice. They discuss why medical commercial property can be an interesting opportunity, what can go wrong with planning, parking, construction and feasibility, and how health hubs can create new possibilities for practitioners.They also unpack the risks of moving too quickly simply because the borrowing capacity is there, including the temptation to take on multiple investments or off-the-plan properties. For Julian, the key is understanding the bigger picture: how much risk you want to take, how hard you want to work, and how today's property decisions affect your long-term wealth and lifestyle.Episode Highlights00:00 – Meet Julian Muldoon03:47 – Why Doctors Are Turning to Buyers Agents05:30 – Balancing the Family Home, Practice and Investments08:48 – Why Medical Commercial Property Can Work in Super11:06 – Building Wealth Without Sacrificing Your Lifestyle15:30 – Why Doctors Can Be Tricky Buyers to Negotiate For17:37 – Where Medical Commercial Property Deals Go Wrong24:53 – Why Doctors May Have More Opportunity in This Market28:31 – The Risks of Off-the-Plan Property for Doctors30:42 – Key Lessons for Doctors Building Wealth Through PropertyAbout the GuestJulian Muldoon is a Buyers Agent and Director at 1Group Property Advisory, with 15 years of experience in the buyer’s agent industry.Based in Melbourne, Julian works across residential property and specialises in medical commercial acquisitions nationally, helping doctors and medical professionals navigate property decisions across their homes, investments and private practices.His experience has given him a close understanding of the unique challenges faced by medical professionals, from balancing strong borrowing capacity with long-term goals to assessing commercial sites, planning requirements, feasibility and the development of medical practices.In this episode, Julian shares his perspective on building a property strategy around the realities of a medical career — and why having the right advice can be particularly important when there are multiple major property and business decisions competing for attention.Connect with JulianLinkedIn | Julian MuldoonLinkedIn | 1Group Property AdvisoryWebsite | 1Group Work with Chris (Alcove)Business Webpage Link - https://alcove.com.auEmail - hello@alcove.com.auContact Alcove at: (1300 252683)Socials: LinkedIn (Alcove) - https://www.linkedin.com/company/alcovembLinkedIn (Chris) - https://www.linkedin.com/in/christopherbates/Instagram (Chris) - https://www.instagram.com/chrisbates_alcove/ 🗓️Book a chat with us!🗓️Follow us on our socials!YouTubeLinkedInInstagramTikTok Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word, and join us for more insightful discussions in real estate. Your journey starts now!Subscribe on YouTube: https://www.youtube.com/@street-secretsSubscribe on Apple Podcasts: https://podcasts.apple.com/us/podcast/street-secrets/id1837331268Subscribe on Spotify: https://open.spotify.com/show/7sBYmpcuxCYwceQiHdBnaq?si=2Gdl60HRRWCBoUlcBHB0nA The information provided in this podcast is for general informational purposes only and should not be relied upon as financial, investment, or credit advice. It does not take into account your personal objectives, financial situation, or needs. You should consider the appropriateness of the information to your circumstances and seek advice from a licensed financial adviser, mortgage broker, or other qualified professional before making any decision. Canopy Private Pty Ltd holds Australian Credit Licence 558709.