Blog

Property Investment Strategy

What is a property investment strategy? A property investment strategy is the approach you take to build your wealth through property investment. For someone who’s just come into the idea of investing, where do you start? The first place to start, is to understand what it is that you want to achieve. It’s no different…

Why every millennial should be a ‘rentvestor’

The benefits of rentvesting come down to two main elements: cash flow (the return generated on money spent) and compound growth. Source: The Real Estate Conversation By Cam McLellan When it comes to buying your first property, Australians have two main options. 1. Purchase as an owner-occupier. In this instance, first homebuyers save up to…

House & Land Packages – What you need to know

Source: Your Investment Property Magazine House and land packages remain a firm favourite among many investors, including OpenCorp’s Michael Beresford, who has helped thousands of Australians build sustainable wealth by investing in these packages. “The reason house and land packages are a good opportunity for investors, and the reason I invest in them myself, is…

Behind The Scenes with Natalie Ravaneschi – Relationship Manager

As a Relationship Manager, Natalie get’s to see how much property investment changes everyday lives. She shares why she thinks she has ‘One of the best jobs in the business’… Nat, what do you do at OpenCorp? I’m a Relationship Manager at OpenCorp. Which is essentially the one point of contact for clients as they…

Why the Pension isn’t a Retirement Plan

Don’t count on the pension. Plan to retire financially fit. Learn why property investment is the smart way to set up your long term financial security. Australia is a “greying” population. Healthier than ever, we’re living well into our 80s — and beyond. This means we’re working for longer, sure, but it also means we’re…

Investing without emotion

Source: Your Investment Property Magazine One of Australia’s most experienced property investors says it’s surprisingly easy to let sentiment stand in the way of success. Here, he offers his advice on overcoming emotional barriers and achieving greater personal wealth. Nicola Middlemiss reports Most people considering investing in property would claim they’re driven by solid reason,…

How Do You Stay Confident When The Media is Boom Or Bust?

Here’s how to make a confident property investment in the wake of media gloom and doom. News headlines consistently paint the picture of an Australian property market in extremes; Housing bubble’s, property bust’s, renting for life… not a week passes when we don’t read a property horror story. But let’s be clear: the media so…

Tapping Into Property Equity

Source: Your Investment Property Magazine Accessing property equity is not just important, it’s absolutely essential if you wish to grow your portfolio beyond more than one or two assets. Michael Beresford reveals how you can tap into your equity to fund further property purchases in an uncertain mortgage market. As property investors, equity is constantly…

What Type of Investment Property is Best for You?

Entering the property investment market can be a big decision but working out what type of investment property is best for you can be even bigger. There are plenty of options, from traditional investments like housing and land to slightly riskier investments like new apartments or niche investments like inner-city carparks! But how do these…

Owning a Home vs Renting and Investing

Many people looking to get into the property market have heard the saying, rent money is dead money. Who wouldn’t feel the urge to jump into homeownership after hearing such a scary maxim? In reality, the financial advantages of owning your own home vs renting aren’t so clear cut. In 2014, the Reserve Bank of…

2017 Footy Tipping Winners!

After wrapping up another big year in the footy, we are excited to announce the winners of the 2017 OpenCorp Footy Tipping Competition. The 2017 season was unpredictable, hard-fought and adrenalin fueled every step of the way, which was the perfect recipe for an exciting footy tipping season. The winners of the 2017 OpenCorp Footy…

Budget 17/18 – what does it mean for property investors

Michael Beresford, OpenCorp’s Director of Investment Services and resident finance expert covers the budget. Find out how it impacts property investors. Relating to investment/housing: Negative Gearing & Capital Gains Tax – 00m:35sNegative gearing is untouched as well as Capital Gains Tax exemptions untouched. First Home Buyers – 01m:05sGovernment allowing first home buyers to put up…

The OpenCorp Property Greatness Games

To become great at anything takes preparation, training and commitment. That goes for whether you’re an elite athlete or yes, even a property investor. We’re running The OpenCorp Property Greatness Games and we’re giving you the chance to win a load of $100 vouchers. $100 vouchers to be won every weekday. Look out for our…

Negative Gearing Announcement Welcomed

Source: HIA The Housing Industry Association (HIA) has welcomed the announcement by the Prime Minister and Treasurer that negative gearing arrangements will remain unchanged. “Negative gearing promotes private investment in the residential rental market, stimulates economic activity and relieves pressure off social housing and ultimately the public purse,” said HIA Chief Executive Industry Policy and…

Investment decisions shouldn’t hinge on election campaign

Source: Your Investment Property Investors have been warned not to confuse political posturing with fact in the lead up to the Federal Election on 2 June. With the possibility that housing taxation arrangements such as negative gearing and the capital gains tax discount could be altered after polling day, there is likely to be heavy…

Global housing markets saw prices rise in 2015, led by Australasia

Source: Property Wire The real estate price index covering key property markets around the globe increased by 3% in 2015, up from 2.3% in 2014. Concerns over the global economy have failed to dent buyer confidence and instead the lingering low interest rate environment influenced sentiment, the index report from Knight Frank says. Some 78%…

Australian economy grows 0.6 per cent

Source: Australian Bureau of Statistics Australia’s GDP, in seasonally adjusted chain volume terms, grew 0.6 per cent in the December quarter 2015, according to figures released today by the Australian Bureau of Statistics (ABS). The growth in expenditure was driven by a rise of 0.8 per cent in Household final consumption expenditure and a rise…

Five Minutes With OpenCorp Director Matt Lewison

Source: The Urban Developer OpenCorp are a Melbourne-based property developer and fund manager. Their current national portfolio exceeds $500 million in developments, including $360 million in the Brisbane market. Director of Funds Matthew Lewison is responsible for the development and acquisition strategy of the company. Before joining OpenCorp in 2010, Lewison held the role of…

Is 2016 the right year to sell my investment?

Source: Homesales The heat has come out of Sydney’s property market and many experts are predicting slow price growth in 2016 – not just in the Harbour City, but across the entire country. But if you’re an investor looking to make a profit from your real estate pursuits, does that mean now is a good…

OPENCORP TAPS INTO THE CROWD FOR GROWTH

Source: Business News Australia MELBOURNE developer Matthew Lewison started out by giving friends and family a piece of the action from a string of developments he was undertaking. Now, he is extending his reach through what his company OpenCorp describes as a crowd-sourcing model that has given the group momentum to expand into broader markets….

Toorak Road Apartment Site Sells For $6.55 Million

Source: The Urban Developer Melbourne-based property investment specialist OpenCorp has paid $6.55 million for a residential site with plans for a new apartment development at Hawthorn East in Melbourne’s inner-eastern suburbs. According to selling agents, Savills’ Julian Heatherich, James Lockwood and Jesse Radisich, the 757-763 Toorak Road property attracted very strong interest from developers looking…

Citro West End Development

Source: The West End Magazine OpenCorp, a Melbourne-based property investment firm and fund manager, is making waves with its unusual way of sourcing funding for a new development in Albion and a new apartment complex in our very own West End. The West End development, named Citro, will be home to 106 apartments and an…

Is investing your New Year’s resolution?

Source: Your Investment Property By Phil McCarroll It may be somewhat cliché, but the New Year period can serve as the perfect motivator for those looking to start their property investment journey. While giving up smoking, taking up exercising or travelling more might seem like the more typical New Year’s resolutions, there’s no reason investing…

OpenCorp. crowd-funds developments in Albion and West End

Source: The Weekend Edition Two new residential projects are slated for development in Albion and West End, with funds for development sites being partially sourced by crowd-sourcing methods. OpenCorp. is a Melbourne-based property investment firm and fund manager, which has recently purchased a new development site in Albion and commenced construction on a new apartment…

Property developers follow Sydney buyers to Brisbane

Source: Financial Review Apartment developers from Sydney and Melbourne are heading to Queensland following buyers who have been priced out of the southern cities and want to capture value in Brisbane and the Gold Coast. Half a dozen developers have purchased more than $100 million worth of development sites in the last few months with close to…

OpenCorp expands into Queensland development

Source: Property Observer Melbourne-based property investment company OpenCorp has acquired sites in Queensland to develop an estimated $360 million in projects at Albion and West End. The Albion site was bought for $11 million, inclusive of existing development approval for 154 apartments. Designed by Hayes Andersen Lynch Architects , the development will comprise one, two…

OpenCorp To Develop $360 Million In Queensland Projects

Source: The Urban Developer Melbourne-based property investment specialist and fund manager OpenCorp has acquired sites to develop an estimated $360 million in Queensland projects. Land has been purchased for two new projects located in Albion and West End. The Albion site was recently purchased for $11 million, inclusive of existing development approval for 154 apartments….

OpenCorp. opening real estate doors to mum and dad investors

Source: Property Observer Melbourne-based OpenCorp, a startup founded by Allister Lewison, his brother Matthew and Cam McLellan, has become the sixth fastest-growing company on the 2015 BRW Fast 100 list. The company boasts an annual growth of more than 175% from 2012 to 2015. It all started in the late 90s when Allister Lewison and…

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…

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…

How the states are stacking up

Source: Australian Property Investor Commonwealth Bank of Australia’s research department has released its latest State of the States report, which gives a snapshot of what’s going on in the states’ economies across Australia by examining the indicators of economic growth, retail spending, equipment investment, unemployment, construction work done, population growth, housing finance and dwelling commencements….

Warren Buffett’s five tips for investing in real estate

He is known as the Wizard of Omaha and considered to be one of the world’s most successful investors. And for thousands of investors around the world, Warren Buffett has become their investment guru. Every year, through his letter to Berkshire-Hathaway shareholders, the legendary investor offers his wisdom on anything from his rules for investing…

Virtual Reality: The Property Industry’s Next Frontier?

Imagine if  property buyers could ‘walk’ through a new off the plan apartment or home without even entering the building. Sound far-fetched? It may seem like something from Back to the Future II, but prospective buyers are already starting to experience this phenomenon through virtual reality technology. Read the rest of this article HERE.

Tax implications of selling

By Pat Mannix In recent months I’ve had a number of conversations with clients who are building new residential properties, a couple intending to keep the property and rent it out and some intending to sell for a profit. When I informed these clients of the potential tax implications of selling, they were quite surprised…

How to find properties with subdivision potential

Source: Your Investment Property By Sarah Meggison Just because it can be a little complicated, it doesn’t mean you should disregard this strategy altogether. Matt Jones, founder of PropertyResourceShop.com, is a huge proponent of generating profits through subdividing, having embarked on several successful projects over the last decade. “My strategy is a little different in that I’ve been happy to subdivide the property, renovate the…

What If Money Was No Object?

If money was no object, what would you be doing? Video produced and hosted by blog series Tragedy & Hope. The video is a remastered version of the original “What If Money Was No Object?” by the profound late Alan Watts.

9 Steps to Gearing Property Through Super

By ALYSHA VAN DREUMEL & PAT MANNIX When the government allowed property gearing through superannuation in 2007 it didn’t explain the steps involved or warn about the hazards that can be faced. GEARING investment properties through your self-managed superannuation fund (SMSF) offers brilliant tax savings and is a great retirement planning idea, but it can…

Dwelling approvals March to new record

Media release New home building approvals hit yet another all-time record high during March, said the Housing Industry Association, the voice of Australia’s residential building industry. “Strong activity in the high density segment helped propel dwelling approvals to unprecedented levels in March,” noted HIA Senior Economist, Shane Garrett. “New home building continues to benefit from…

Property Glossary

Source: API Magazine For newcomers to property investing or home buying, the jargon can get confusing, so here is a guide to the most commonly used terms. AAPR – annualised average percentage rate, sometimes referred to as the comparison rate. This figure takes into account all the costs associated with the loan and is used…

The car that James Bond wants

Posted by OpenCorp Staff It looks like an ordinary Range Rover – but it bristles with enough gadgets to make James Bond envious. The new armoured vehicle, dubbed the Chelsea tank, is designed to cope with small-arms fire – and even a chemical weapons attack – to foil would-be kidnappers. With thick armour plating, gun…

Zombie economics: the notion China is to blame for Australia’s property bubble refuses to die

By James Laurenceson, University of Technology, Sydney Despite valiant efforts by commentators such as Bernard Keane and Michael Pascoe to slay claims that Chinese buyers are making it harder for ordinary Australians to enter the housing market, the notion refuses to die. It is the “zombie idea” afflicting the Australia-China economic relationship. And there is…

Retirement Years Not So Golden

By John Collett The retirement years of many people are not as “golden” as is commonly believed, with 40 per cent of retirees saying they have been forced into retirement due to redundancy or illness before they were financially ready. A survey by Mercer reveals a significant gap between expectations and the reality of retirement….

Importance of claiming tax depreciation

Source: Smart Property Investment By Paul Bennion The importance of claiming legitimate tax deductions such as depreciation has been highlighted by new ABS figures which show that governments throughout Australia collected more than $1 billion in taxes every day during the June 2014 quarter. This high level of taxation is revealed in the latest Government…

Love your parents, but don’t listen to them

Source: Property Observer By Ed Chan Now that is a dramatic headline and I left off 10 extra words: ‘If you want to be rich and they are not’. By the way that applies to all your friends also. If you want to be a great fisherman, then listen to someone who is a great fisherman….

Melbourne Property Investors Expo Wrap Up

By Cam McLellan Had a fun week in property last week. It was the Melbourne Property Investors expo at Jeff’s Shed. I took Angus, my five year old in and he hung out on the side of the stage, playing with his Skylanders whilst I was interviewed by Australian Property Investor (API) Magazine’s Editor Nicola…

Memo to the IMF: there is no housing bubble

By Ross Guest, Griffith University It says radical policies are required to deflate this emerging housing bubble, such as a stamp duty on house purchases by foreign residents and government imposed controls on bank lending for housing. The IMF’s analysis of global house prices – especially with respect to countries like Australia – is misleading….

Property market myths and common facts; Melbourne

Source: RP Data research Quite often, myths or commonly accepted facts about the property market can turn out to be incorrect when a review of the actual numbers is conducted. Do people really buy and sell every 7 years? It’s often said that most home owners buy and sell every seven years, however, research shows…

Tax time preparation tips for property investors

Source: YIP magazine It is that time of the year again to get your documents together in readiness for your accountant to lodge your annual income tax return. Here are our top tax time tips for your end of financial year preparation: 1) Understand what you can claim: The simplest way to maximise your tax…

New guidelines bring forward infrastructure

One of the big drivers in an area’s price growth is value add in the form of infrastructure. One area that is in desperate need of additional infrastructure is Melbourne’s Western corridor. Particularly around the Truganina and Tarneit areas. I still believe there is an oversupply of available land in these areas and even at…

Where in Melbourne do most of the houses sell?

Over the past twelve months 4.25 per cent of all houses in Melbourne have been sold. While this result is lower than the very strong years of sales over 2007 and 2010, it still represents almost one in twenty houses. The suburbs featuring the highest number of sales in raw terms are those in the…

I’m more excited than this kid about Queensland at the moment!

By Cam McLellan Great news for a large portion of our clients with house prices cranking in the Morton Bay area. I’ve spent most of this month banging on developers doors. While I know nearly all of the major developers, to be honest it’s becoming really painful to find stock in the northern suburbs of…

Why Brisbane is the place to buy: John McGrath

If you’re a new investor or an investor who only has a few years left to make your fortune. Brisbane is the place to be investing. In the below article Property Observer talks to John McGrath who would be one of the most respected real estates agents in the country. Property Observer. Brisbane offers the…

I’d rather stick a fork in my eye than buy an NRAS property

Jennifer Duke has now moved down to Melbourne to join Property Observer as the new Editor. Here’s an article from Todd Hunter who shares his thought on NRAS property. Good to see someone who doesn’t mind sinking the boots in when needed. By Todd Hunter Thursday, 05 September 2013 I am often asked if I…

Cashed up young blokes end up living at home

I always enjoy reading Shannon’s articles. He has a casual writing style and seems to peppers his articles with a touch of data to back his points which always gives a solid feel. Maybe I liked this article because Felicity keeps talking strategy to keep the kids at home longer. With Hannah our daughter being…

NSW attempts to spur property market

By Steven Cross and Jennifer Duke, Smart Property Investor Magazine The NSW government is planning to stimulate the property market, announcing plans to extend the First Home Owner Grant by a further two years. In the state Budget announcement earlier this week, NSW treasurer Mike Baird said the grant, which was due to drop from $15,000…