Lease or Buy? Property Strategies for Doctors Building or Expanding a Practice

We’re joined by Tal Eloss from 1Group Property Advisory to unpack one of the biggest decisions doctors face when starting or growing a practice: should you lease or buy your property?Tal explains why your property strategy should never come before your business strategy, and how staying flexible can open up better opportunities, especially in competitive locations. He walks through the critical due diligence every doctor must undertake, from analysing demographics and competition to ensuring a site is actually fit for purpose through test fits, planning approvals, and building assessments.A key part of the conversation focuses on common (and costly) mistakes. Many doctors assume their solicitor will handle commercial negotiations or overlook approvals required by strata or building management, issues that can delay or completely derail a project. Tal highlights why understanding approval pathways, timelines, and hidden constraints is essential before committing to any site.We also explore evolving trends in healthcare property, including the shift away from traditional street-front clinics, the growing importance of online visibility, and how factors like parking and accessibility can significantly impact patient experience and business success.Whether you're launching your first practice, relocating, or expanding, this episode offers practical, experience-based insights to help you make smarter property decisions and avoid costly pitfalls.