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Coronavirus

Coronavirus What does the Covid-19 Pandemic mean for OpenCorp and our clients? Let’s look at the economic situation: The current pandemic has had a significant impact on the stock market as institutional investors have sought safe-haven assets in the face of uncertainty The wild swings are occurring because institutional investors are finding it hard to…

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…

OPENCORP PIONEERS A NEW WAY TO INVEST IN PROPERTY

Source: Business News Australia OPENCORP lets property investors buy into blue chip suburbs without paying top dollar. On top of that, the Melbourne property developer and fund manager has delivered its investors an average annualised return of 24 per cent over the past nine years. That’s a significant lead on residential price growth in our…

Evolve brings luxury living to Brisbane’s northern suburbs

Source: Build Australia Evolve, the 10-storey premium development located in the rapidly-changing suburb of Chermside, is responding to demand from local owner-occupiers, particularly first home buyers and downsizers looking for a spacious, inner-city home. Developed by property developer and fund manager OpenCorp and designed by Tonic Architects, Evolve contains 72 ‘oversized’ apartments. The average one-bedroom…

OpenCorp Proposes New Development for Chermside

Source: Brisbane Development A new $34m apartment development has been proposed for Chermside in Brisbane’s northern suburbs. Evolve, the 10‑storey development located in the rapidly growing suburb of Chermside, is responding to demand from local owner occupiers, particularly first home buyers and downsizers looking for a spacious, inner-city home. Developed by property developer and fund…

My recent best deal with Cam McLellan

By Nila Sweeney What have been your best recent deals and why? One of my best recent purchases has been in the northern Brisbane suburb of Mango Hill. Mango Hill is perfectly positioned adjacent to the major growth hub of North Lakes, easily accessible to the CBD via the Bruce Highway, and has an abundance…

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…

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…

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…

How do you pick a good investment suburb?

By Cam McLellan I often talk about the process I use to pick properties to add to my personal portfolio called MAP. Market> Area> Property. Check out part 2 of a video series I did for Australian Property Investors magazine which explains how I select a viable suburb in which to invest. Enjoy.