Client Focus: View Bank Homes
View Bank Homes is a family owned and operated business delivering architecturally designed homes in the communities of Melbourne’s North. Having started as a humble small business View Bank Homes has grown over thirty years to become one of Australia’s most trusted boutique residential property developers.
View Bank focuses on building homes in close proximity to amenities, public transport and schools in both well-established and up-and-coming suburbs. They aim to create homes that can be enjoyed now and by future generations, so sustainability is of great importance in every phase of creation of a View Bank property. View Bank specialises in townhouse developments; perfect for downsizers, young families, professional couples/singles and investors.
In partnering with O’Brien Accountants & Advisors, View Bank Homes has achieved a streamlined approach to the financial management of the business. A transition to cloud accounting being key to bringing their business into the modern era of real-time accounting with the O’Brien team completing the data migration and training of multiple View Bank personnel.
O’Brien’s have also provided risk management advice, particularly in relation to knowledge retention, to assist View Bank in mitigating risk associated with knowledge of the business’ financial systems being held by one person. This has resulted in an improvement in business systems and documentation of processes. Finally, in addition to managing View Bank’s tax and compliance needs, O’Brien’s has been able to aid View Bank in continuing to operate their business through the recent economic challenges with assistance in accessing grants and Government support.
As a multi-generational business, succession planning and capital transition will also be key considerations for the future.
“As a second generation family member now involved in running our business, the team at O’Brien’s have been an integral part of our company’s succession. The challenge I initially experienced was understanding the layers of complexity in which our financial structure was built and run. O’Brien’s enabled us to simplify our accounting processes and provided us with a clear way to manage our finances going forward.” Leonie Akhidenor, Head of Development, View Bank Homes.
View Bank has recently completed a townhouse development called Seven Eighty Five at 785 Plenty Rd Reservoir, just 12km from the CBD. With eight sophisticated residences, Seven Eighty Five offers inner city convenience perfect for young couples, singles and investors seeking high growth opportunities in Melbourne’s northern suburbs.
An exclusive invitation has been extended to O’Brien clients to inspect these properties which have only just been released to the market. If you would like to know more visit View Bank Homes or contact Leonie on 0421 877 579 to arrange a private inspection.