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OpenCorp. looks to crowds to fund developments

Source: Sydney Morning Herald Crowd-funding projects have become de rigueur in the past few years, but boutique developer OpenCorp has used a similar model since 2009. Founded by brothers Matthew and Allister Lewison and another family member, Cameron McLellan, Open Corporation’s unusual approach to the notoriously capital-intensive development cycle involves tapping funds from a pool…

To trust or not to trust

By Cam McLellan There are several types of trust. For a property portfolio, a standard discretionary family trust is suitable. A trust is an arrangement where property is held ‘in trust’ (by a trustee) for the benefit of others (the beneficiaries). There are two ways to hold property: in your own name or in a…

Changes to the lending landscape

By Michael Beresford UNLESS YOU’VE BEEN HIDING UNDER A ROCK OR OVERSEAS for the past few months, no doubt you’ll have heard about the changes the Australian Prudential Regulatory Authority (APRA) is introducing through banks to effect change in the lending system within Australia. Going by the number of calls I’ve taken from clients of…