Barwon Investment Partners’ Tom Patrick on healthcare real estate investing in Australia
INTERVIEWSERIES
Tom Patrick, Partner, Head of Healthcare Property, Barwon Investment Partners
July 2026
Podcast
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In this exclusive interview, Tom discusses the key indicators suggesting why the current environment is an inflection point in the property cycle, how investors should think about the role of core real estate today, given the competition faced from fixed income and why alternative real estate sectors like healthcare property are gaining traction. Tom also shares where he would be allocating capital in today’s environment across the alternative real estate sector from healthcare and beyond, what he would be avoiding and risks to be managed.
Watch the full interview where we ask Tom:
You have described the current environment as an inflection point in the property cycle, what are the key indicators suggesting the market has turned?
How should investors think about the role of core real estate today, given the competition from fixed income after the rate reset?
Alternative sectors like healthcare property have gained traction, what differentiates them from traditional real estate exposures in a portfolio context?
To what extent is the current opportunity in healthcare property cyclical versus structural?
If you were allocating fresh capital today, where would you be most focused, and what risks would you be most conscious of in real estate investing?
Tom Patrick, Partner, Head of Healthcare Property, Barwon Investment Partners
Tom is a Partner and the Head of Healthcare Property at Barwon Investment Partners (Barwon). He is responsible for the day-to-day management, governance, compliance and key client relationships across the Barwon Group. As a Director and Board Member, Tom is also involved in the strategic direction of Barwon.
Tom is the Fund Manager across all of Barwon’s Healthcare Property Funds including the Barwon Institutional Healthcare Property Fund, Barwon Healthcare Property Fund and Barwon Disability Accommodation Fund.
Tom has over 20 years’ experience in property funds management, advisory and banking in both healthcare and direct commercial property in both domestic and international markets.
Tom is a Responsible Manager for Barwon’s Australian Financial Services License.
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