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Coronavirus Update

Coronavirus Update It’s been around 4 weeks since our last major update on Coronavirus and it feels like about 4 years. On a positive note, Australia seems to be moving in the right direction with its health outcomes as well as the financial and economic policies that have been implemented so far. Sadly, there are…

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…

OpenCorp partners with South Metro Junior Football League in new Community Fund initiative

SOURCE: SMJF Press Release   The South Metro Junior Football League (SMJFL) is pleased to announce property investment specialists OpenCorp as the first major partner of its new Community Fund. Even though football is one of the most affordable sports to participate in throughout the country, the league’s new Community Fund aims to reduce and…

RBA makes July cash rate announcement

Source: Reserve Bank of Australia At its meeting today, the Board decided to leave the cash rate unchanged at 1.75 per cent. The global economy is continuing to grow, at a lower than average pace. Several advanced economies have recorded improved conditions over the past year, but conditions have become more difficult for a number…

Dwelling approvals continue to rise in trend terms

Source: Australian Bureau of Statistics The number of dwellings approved rose 0.9 per cent in May 2016, in trend terms, and has risen for six months, according to data released by the Australian Bureau of Statistics (ABS) today. Dwelling approvals increased in May in the Northern Territory (18.7 per cent), Australian Capital Territory (8.2 per…

Population growth strongest in Victoria

Source: Australian Property Investor The latest demographic statistics released by the Australian Bureau of Statistics (ABS) show the pace of population growth steadied in the latter half of 2015, though there are quite wide divergences between the states and territories, according to the Housing Industry Association (HIA). The ABS figures show Australia’s population reached 23.94…

Former PM hits out at past negative gearing failure

Source: Smart Property Investor With the negative gearing debate refusing to go away, John Howard has reminded voters of where it all went wrong. Speaking at the First National Real Estate convention yesterday, Mr Howard lamented that the ongoing debate about negative gearing policy – fuelled by the upcoming federal election – was not giving enough…

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…

Young women increasingly anxious about their finances

Source: The Age website Young women have much higher levels of anxiety than the rest of the Australian population and financial problems are a key cause of their stress. An annual survey of wellbeing by the National Australia Bank shows the level of anxiety reported by women under the age of 30 is at the…

September National housing market update

Source: CoreLogic Capital city dwelling values increased by a healthy 0.9% over the first month of Spring, taking the quarterly rate of growth to 4.0% and annual rate of growth to 11.0%. The strong growth rate was mostly related to a 2.4% surge in Melbourne dwelling values over the month, while Sydney recorded flat conditions…

The Lilyroo Ride

By Michael Beresford The Lilyroo ride was an amazing experience. Very tough, and tiring, but the reception we received at The Women’s Hospital and the Channel 7 exposure for our cause that night was worth every pedal stroke. While the peloton took the first day to get familiar with each others strengths and pacing it…

September RP Data Housing Update

Source: RP Data Housing values eased their way into Spring, with the RP Data CoreLogic Home Value Index posting a 0.1% capital gain across the combined capital cities over the month of September.

Australian Housing Market Update – February 2014

By Cam McLellan Data, data, data. Take the small amount of time to absorb some data. Immerse yourself in numbers. Some of the highlights for me are the average time on market when selling is 37 days. The lowest on record. National stock levels are 12% lower than this time last year. Brisbane market fundamentals…

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…

April property update

A seasonal dip n the housing market for April was seen. Even so, the market drivers across our capital cities that we saw in the first quarter of the calendar year still indicate a continued trend upwards.