OpenCorp in Scoresby, Victoria, Australia | Investing service
OpenCorp
Locality: Scoresby, Victoria, Australia
Address: Suite 102/44 Lakeview Drive 3179 Scoresby, VIC, Australia
Website: http://www.opencorp.com.au/
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21.02.2022 With booming property prices mixed with concerns about interest rates, many people may be asking themselves is now a good time to invest in property?. OpenCorp Director of Investment Services, Michael Beresford, discusses this very topic on our latest video blog! Click through for the full discussion with new investor, Candice. https://bit.ly/3o6e7FU... #property #Australianproperty #investor #propertyinvestor #propertyinvestment #financialfreedom #independentwealth #success #moneymatters #wealthyminds #wealthbuilder #realestateau #buildingwealth #investing #homebuyer #homebuyers #propertyinvesting #financialindependence See more
03.02.2022 We caught up with Chief Economist Nerida Conisbee to get her thoughts on taking the first step into property and putting together a deposit Watch the full interview here: https://bit.ly/3rwxE3c #property #Australianproperty #investor #propertyinvestor #propertyinvestment #financialfreedom #independentwealth #success #moneymatters #wealthyminds #wealthbuilder #realestateau #buildingwealth #investing #homebuyer #homebuyers #propertyinvesting #financialindependence
24.01.2022 This episode of the BRICK TO THE FUTURE podcast is a replay of the October edition of our popular Facebook Live Q&A Show, which focused on all things property management. The show features expert guest, Cassie Austin, OpenCorp’s Property Management Operations Manager, who unpacks the many and various aspects involved in being a landlord today. Plus we hear from our panel of property investing experts Al Lewison, Matthew Lewison and Cam McLellan who addressed heaps of ques...tions from viewers during the live stream. You can check out the episode here - https://opencorp.buzzsprout.com/.../6463783-s1-e10-so-you... - or via your podcast app of choice.
23.01.2022 Welcome to the August episode of our Live Q&A Show, in which our panel of in-house experts answer your burning questions around all things property investing. Plus, we chat with our special guest, OpenCorp client Talar Wadeson!
22.01.2022 COMING SOON: Free webinar - 'Investment Strategy Knockout' - on Thursday, September 24 (two sessions - 12:30pm & 7:00pm) - Positive Cashflow? - Capital growth? ... - Shares? - Apartments? - Commercial? Are they the only options to consider? The old saying all boats float on a rising tide is no longer true for investors. Take real estate for example. Each capital city market now has many smaller markets within it. There are also many different investment options. Conflicting news, differing opinions and contrasting information about investing has left many Australians confused as to how they should grow their wealth and secure future. Some investors are looking for bargains, others are making risky short-term decisions but most are too confused to make any decision at all. In this webinar, we will compare the different investment strategies, as well as their pros and cons so you can decide for yourself which one is right for you. REGISTER FOR THE WEBINAR HERE https://bit.ly/3iwK19z
22.01.2022 FREE WEBINAR TOMORROW 'Thrive or Dive Whats in Store for Property Investors' - Here's a sneak preview into our upcoming webinar featuring an interview with Tim Lawless from CoreLogic, who will be sharing his expert property investing insights and predictions on hot spots likely to thrive when the economy starts to kick into gear again. Tim is the founder of the CoreLogic's Australian research division and is recognised as one of Australias most experienced property mar...ket analysts and commentators. This webinar is for all property investors, beginner or advanced! Don't miss your spot - Register today https://bit.ly/2X5puAw
22.01.2022 Own it with OpenCorp > Securing financial peace of mind! In this interview on the Waverley Park Hawks Junior Football Club's 'Hawk Talk' podcast, OpenCorp's Cam McLellan the OpenCorp's Cam McLellan discusses secure financial peace of mind, and how this can benefit your mental health In this candid conversation, Cam discusses:... * stress too much money or not enough * he importance of understanding the process of budgeting * having a buffer / money stashed away * understanding your current situation and where you are financially * the mantra of 'get rich slow' - alleviate risks so you can invest but sleep well at night You can listen to the interview here - http://smjfl.com.au/from-the-bench-episode-11/ - Cam's interview starts at 9:13 minutes. OpenCorp is a keen supporter of grassroots junior footy, and a major partner of the South Metro Junior Football League's new Community Fund. The Hawks are part of the SMJFL.
22.01.2022 OpenCorp's Cam McLellan introduces NBL basketball star Mitchell Creek, who discusses this week's 'Shoot for Success' topic: perseverance. Stay tuned for more OpenCorp/Mitch Creek 'Shoot for Success' videos each Monday for the next couple of weeks!
21.01.2022 "G’day. My name is Cam McLellan. Welcome to Brick to the Future, a podcast brought to you by OpenCorp, Australia’s leading property investment specialist. "As quick introduction to the show, I’ll outline what you can expect by tuning into forthcoming episodes. Brick to the Future, focuses on property investment for everyday Australians. "If you’re after tips and strategies while building your property portfolio to suit your lifestyle, then you’re in the right place."... Cam explains more in this quick video. Check out Brick to the Future here - https://opencorp.buzzsprout.com/ ... or subscribe via your podcast app of choice, including: SPOTIFY - https://open.spotify.com/show/50bdoo3acbs0JeSfLPWu4n APPLE - https://podcasts.apple.com/.../brick-to-the.../id1534530786 GOOGLE PODCASTS - https://podcasts.google.com//aHR0cHM6Ly9mZWVkcy5idXp6c3Byb
21.01.2022 Swelling disposable incomes for some workers are helping push up property prices despite low overall wages growth and a high unemployment rate, experts say. According to this article on Domain, falling interest rates are leaving potential borrowers better off than they would have been a year ago, while tax cuts in the recent federal budget are boosting take-home pay even for workers who missed out on a pay rise. Meanwhile, the strength of the housing market during Australia’s... first recession in a generation has raised eyebrows, with ANZ this week scrapping its forecast for a 10 per cent house price drop as too pessimistic and predicting prices to rise next year. READ THE ARTICLE - https://www.domain.com.au//why-are-house-prices-rising-wh/
20.01.2022 Our popular Live Q&A Show is on TONIGHT (Thursday), streaming in real-time via this Facebook Page. We're kicking off at 7:30 pm folks, so if you have any questions about investing in property, drop them into the chat bar! Our resident panel of experts - Matt Lewison, Cam McLellan and Al Lewison - will be on-hand to answer anything you throw at them!
19.01.2022 In this quick excerpt from last week's Facebook Live Q&A Show - OpenCorp's Matt Lewison asked guest panellist, Cassie Austin: "What are some of the things that surprised you about the last six to nine months dealing with COVID and, specifically, in the property management space? Is there anything that shocked you in a positive or a negative way that you've learned from?" Cassie, OpenCorp's Property Management Operations Manager, responded: "I actually think it would have more... of an impact on our rental returns and our leasing strategy, but I think we're in the best place." Cassie explains more in the video.
19.01.2022 Australia's housing market continued to recover during November, according to the latest CoreLogic figures, out today. CoreLogic’s national home value index recorded a second consecutive monthly rise in November, with dwelling values up 0.8% over the month. The new recovery trend follows a 2.1% drop in Australian home values between April... and September. According to CoreLogic’s Head of Research, Tim Lawless, if the current growth trend persists, we are likely to see CoreLogic’s national home value index surpass pre-COVID levels in early 2021. Check out the CoreLogic report here - https://www.corelogic.com.au//201201%20CoreLogicHomeValueI
19.01.2022 Are you feeling unwell? Unmotivated? Restricted? Uncertain? Then this Limitless Webinar is for you! We are rapt to announce that one of our clients - NBL basketball star Mitch Creek - has teamed up with wellness expert, Andi Lew, to present an exclusive FREE webinar on mindset and true wellness. OpenCorp's very own Michael 'Boz' Beresford will also be on the bill to share his thoughts around building the right mindset for financial success. We are faced with a very difficult time in our lives right now, which is why this couldn't have come at a better time. The 1-hour Limitless Webinar will stream live this Sunday, 23rd August, at 10am. For more information and registration details, go to https://bit.ly/3gcPvEx
18.01.2022 In this video - an excerpt from a recent OpenCorp webinar - Tim Lawless from CoreLogic, one of the country's most respected property market analysts, gives his opinion as to why Australia's property market has remained quite resilient despite the external forces such as COVID-19.
18.01.2022 Our economy fights back! Australia's unemployment rate drops in August, according to news reports. The unemployment rate has decreased by just 0.7 per cent to 6.8 per cent in August.... Watch the news report here - https://www.theage.com.au//australias-unemployment-rate-dr
18.01.2022 OUR FINAL WEBINAR FOR 2020 IS NEARLY HERE! Featuring special expert guest - Dr Andrew Wilson, Chief Economist at My Housing Market. This is our last call to join us tomorrow (Wed)! Reserve your spot now: https://tinyurl.com/y6r24rca... Andrew will recap 2020 and share insights on the biggest opportunities for 2021 for property investors at any level. This exclusive session is relevant for new and experienced investors alike, as we’ll be answering questions like: What’s the impact of loosening restrictions and pent-up demand? How will the new historic bank rate cuts benefit investors? What can we expect from the major capital cities and suburbs? Plus, we’ll also cover attendee questions in our Live Q&A session. Don’t miss our last free session of the year -- join us tomorrow (Wednesday, Nov. 25) - Reserve your spot now, click here > https://tinyurl.com/y6r24rca
18.01.2022 Systems + attitude = success! When stripped right back, successful investing requires two things: having the right systems in place, along with a positive mindset. Your system - the process by which you select properties to invest in and all that goes with that - needs to be proven over a good period of time. And of course, as any accomplished entrepreneur, career professional or investor will attest, having the right attitude is a major key to success. If you have the mindset, we have the the system. Let's talk! DM us today, or contact us via our website https://bit.ly/2ExOASa
17.01.2022 One of the key drivers for growth of Australian property markets in recent times has been immigration. The steady inflow of migrants into Australia’s capital cities especially Melbourne, Brisbane and Sydney has sparked demand for housing rentals, which in turn has been a positive thing for investors. But of course, everything changed with the advent of COVID-19.... So, what happens next on this front? Cam McLellan explains more in his new book, Investing in the New Normal. Here is an excerpt, fresh on the OpenCorp blog - https://www.opencorp.com.au/immigration-in-post-covid-aust/ TO GET YOUR FREE COPY OF 'INVESTING IN THE NEW NORMAL' BOOK - click here >> https://www.opencorp.com.au/investing-in-the-new-normal/
16.01.2022 Will 2021 be a good time to invest in property in Australia? We think it will, if you have the right approach. While 2020 caught us all off guard, the coming months will present several new opportunities for savvy investors who know where to look. ... In this, our final webinar of the year, our special guest Dr. Andrew Wilson, Chief Economist at My Housing Market, will recap the rollercoaster 2020 market, share his insights on where we stand today, and give us his expert outlook for investing in 2021. Join us live for the insights you need to cut through the noise and map out a solid, research-based investing strategy for 2021 and beyond. Spaces are limited -- don’t miss our last free session of the year - it's on Wednesday Nov 25th. REGISTER NOW - https://bit.ly/35jrQQN
16.01.2022 Sneak peek time! OpenCorp's Cam McLellan checks out for the first time printed copies of his new book. 'Investing in the New Normal', which Cam wrote with his OpenCorp colleagues Matthew Lewison and Michael Beresford, will be publicly available shortly. It's an important and very timely read given the uncertainty created by the COVID-19 pandemic.... Keep an eye on our Facebook Page to find out how you can get your hands on a FREE copy of Cam's new book.
16.01.2022 Congratulations to our Queensland and Victorian Property Management teams, securing leases on 52 client properties in 30 days. We might be living in weird and challenging times, but life goes on and our teams are more than capable of continually delivering exceptional results.
15.01.2022 How do you keep the bank's noose away from your investment property? This is a ripper Finance 101 session from OpenCorp's Cam McLellan and Michael 'Boz' Beresford - one of our more popular Wealth Workout of the Day (WOD) videos. Understanding how financing works in property investment is critical. In this video, Cam and Boz take you through the process, unpicking banking jargon along the way! Want to know more? Book a strategy session today with one of our experienced investment consultants. Were here to help educate and guide you through the property investing landscape (WATCH THE VIDEO ON YOUTUBE https://youtu.be/WtwlrC7EY1k)
15.01.2022 NBL star Mitchell Creek's Trick Shot Challenge! Basketball fans - show us your mad skills. Terrific prizes up for grabs: 1st PRIZE - $500 Rebel Sport voucher PLUS a signed jersey by Mitch Creek and a number of the South East Melbourne Phoenix players.... 2nd PRIZE - basketball signed by Mitch Creek and a number of the South East Melbourne Phoenix players. TO ENTER - Watch the challenge video below, record your trick shot on video and post to your Facebook page; don’t forget to tag @OpenCorp so we know you’ve entered! N.B. If your profile is set to private, you'll need to DM us. Entries close on October 30. Mitch will personally pick and notify the winners by November 7. PLEASE NOTE: This promotion is in no way sponsored, endorsed, administered by or associated with Facebook. By uploading your video and tagging @opencorp, you are entering the Trick Shot Basketball Challenge competition and agree to a complete release of Facebook by each entrant or participant. Terms & Conditions: https://www.opencorp.com.au/mctc-terms-conditions/
15.01.2022 Property investing should be as boring as watching the grass grow! Once you buy a property and get a good tenant, there isn't much more to do except sit back and wait for it to go up in value over time. Of course, we recommend you leave tenant management to the experts who do it every day and can manage the process on your behalf. But other than that, get comfortable with being bored!
14.01.2022 Our recent webinar - 'Thrive or Dive Whats in Store for Property Investors' - featured an interview with Tim Lawless, the founder of the CoreLogic's Australian research division and recognised as one of Australias most experienced property market analysts and commentators. Tim was asked: "If you were investing right now, what would you be investing in ... which types of properties and locations?" Tim reveals all in this video.
14.01.2022 Why did Talar Wadeson come onboard with OpenCorp after previously having had a bad property investing experience? In this video snippet, from our recent Facebook Live Q&A Show, Talar explains that "these guys (OpenCorp) are actually doing what they're preaching".
14.01.2022 Take a standard piece of paper, about 100th of an inch thick. If you fold it in half and in half again and again, if you do this 50 times, how high do you think it will be? Some people may say as high as a fridge or to the roof. It's a bit more than that, says OpenCorp's Cam McLellan.... Lesson. The last time you compound is the equivalent to all the previous compounding that has occurred. So as an investor, the longer you hold, the more cash you've got!
14.01.2022 With their family relocating from interstate to Melbourne for work, Steve and Jan realised that 'rentvesting' made the most financial sense. Rentvesting meant they could live where they wanted to live, close to friends and the kids’ school, while at the same time invest for their future. Steve and Jan have been able to achieve a much better financial result from a growth-focused, cash-flow positive portfolio than what they originally thought possible.... PORTFOLIO SNAPSHOT: * Purchased 2 properties valued at $1.25m * Their portfolio is now cashflow positive * Equity growth $287,000 Do you want to build a high-performing property portfolio that will help you achieve your financial goals? Be like Steve and Jan! Find out how by booking in today for your FREE strategy session with one of our experienced investment consultants - https://www.opencorp.com.au/strategy-session-2020/ *** Disclaimer - Like all investments, acquiring residential property exposes the investor to risk. Investors seeking to invest in residential property should make themselves aware of the risks associated with acquiring, financing and holding any individual property. For more information - https://www.opencorp.com.au/opencorp-disclaimer/
13.01.2022 Did you know our Facebook Live Q&A Shows are now available in audio-only on our BRICK TO THE FUTURE podcast? Here is the November Q&A edition (listen here - https://opencorp.buzzsprout.com//6348595-s1-e9-you-ask-we- or via your podcast app of choice). Finance and lending was a key topic of discussion on this particular episode, with special guest, finance specialist Christian Paterson, unpacking the subject with our resident panel of experts - Al Lewison, Matthew Lewison an...d Cam McLellan. Christian, who heads up OpenFinance, OpenCorp's finance arm, addressed a broad array of finance-related issues, including: *** how to negotiate a better interest rate on property investment loans *** the length of time banks are taking to approve loans *** the importance of reviewing your loans every three years, especially in this environment of low interest rates Here's the link again: https://opencorp.buzzsprout.com//6348595-s1-e9-you-ask-we- Subscribe today and never miss an episode!
12.01.2022 What is the process South East Melbourne Phoenix basketball star Mitchell Creek uses to achieve his goals? Mitch explains more in this quick video, part of OpenCorp's 'Shoot for Success' video series which we'll be rolling out here on our Facebook Page over coming weeks.
12.01.2022 OpenCorp's Cam McLellan has been busy gutting and rewriting his best-selling book, 'My 4-Year-Old the Property Investor'. Cam says it's a "full restructure with heaps of new chapters and content going in". Get ready for the fully revised and updated edition. We look forward to sharing the finished product with you!
12.01.2022 Treat your investment property as a business and you’ll reap the benefits, writes OpenCorp's Michael 'Boz' Beresford, Director of Investment Services. Read more on the OpenCorp blog: https://buff.ly/3dOlA60
11.01.2022 In an interview on 3AW this morning, morning presenter Neil Mitchell questioned ANZ Bank CEO, Shayne Elliott, about the resilience of Australia's housing market, and the predicted uptick in property prices. Mitchell: "So you’re now saying, having been pretty pessimistic about the housing market. You’re now saying that it will in fact go up?" Elliott: "Yes, I mean, things change really fast, right? And, this is such a volatile situation. It's only a few months ago, virus, smal...l businesses struggling, government hadn't really started the support packages. People were thinking, ‘wow, this could end up really badly’. "And now we're sitting here six months later, massive amounts of government support, literally hundreds of billions of dollars thrown at the economy. A lot of it stuck. A lot of it's had an impact. People have increased their deposits. There's money everywhere. Guess what? A whole bunch of it ends up in housing and people are rethinking Neil, a lot of people sitting at home going: ‘I can't go on holiday, not going skiing, not going anyway. I'll tell you what, we're going to renovate, trade up, get a bigger house’, whatever. And it's having an impact." Mitchell then asked Elliott: "What sort of turnaround are you predicting?" The ANZ CEO replied: "We think in the capital cities, possibly up to 10 per cent over the next year. So pretty big, pretty healthy clip." Graph below sourced from ANZ Research's Twitter feed; source of interview transcript - https://media.anz.com//transcript--shayne-elliott-with-nei)
11.01.2022 We see it time and time again: aspiring investors becoming derailed by emotion, because they get overwhelmed by all the 'white noise' that exists in the property world. If your investment is driven by emotion, you're far more likely to be distracted by the next big thing, or a ‘bargain’ your mate tells you about. This may lead you to invest in property that doesn’t align with your investment strategy. At OpenCorp we focus on three main ways that emotion can affect poor investment decisions and help our clients to avoid them. READ ABOUT THEM HERE - https://www.opencorp.com.au/play-it-cool/
11.01.2022 Werent we meant to have 30% property price drops by now? We cant blame the uneducated media, can we? A 30% property price drop prediction sells more headlines than the reality, and the media is in the business of generating attention and clicks. Despite current times, demand for property remains strong. Thanks to historically low interest rates and expected fiscal support from the federal and state governments, housing markets have weathered the COVID storm better than orig...inally anticipated by many, according to Tim Lawless, Head of Research at Core Logic, the largest provider of property information and analytics in Australia. Mass media and doomsday 'experts' who forecasted 30-40% drops in housing values would be pretty disappointed right now. Predictions of forced selling, wholesale rental vacancies and widespread rental arrears have not eventuated, and are now unlikely to do so. Even though Sydney fell 0.9% last month, it is still 12% higher than this time year. Even though Melbourne fell 1.2% last month, it's still 9% higher than this time last year. When you take out the 'high end' suburbs across Australia like Toorak, Malvern, Glen Iris, Mosman, Wentworth Point, Lane Cove and a few others, housing values have dropped only 1.3% in the last 3 months. Capital City advertised listings are 8.9% higher than this time last year. There are fantastic opportunities everywhere right now, even in the middle of a health and economic crisis. Comment below or message us on Facebook to discuss how OpenCorp clients are creating wealth every day.
09.01.2022 OpenCorp's Director of Investment Services, Michael 'Boz' Beresford, delivers on Dwaynes World on Radio SEN!
09.01.2022 OpenCorp's Cam McLellan was recently interviewed by Lindsay Moore, from the Waverley Park Hawks Junior Football Club, for its Hawk Talk podcast. OpenCorp is a keen supporter of grassroots junior footy, and a major partner of the South Metro Junior Football League's new Community Fund. The Hawks are part of the SMJFL. In this candid conversation, Cam discusses:... * his background and how he got into property investing, * why OpenCorp is involved with community football in Melbourne, * the impact of COVID-19 on the property market, * why he prefers property as an investment vehicle compared to shares, and * what types of renovation add value to your home. You can listen to the interview or read the transcription here: https://bit.ly/33sv3Nh
09.01.2022 Habits make up a big part of who we are and how much we can achieve over our lifetime. In this 'Shoot for Success' video, NBL basketball star and OpenCorp client Mitchell Creek reveals the process he uses to form successful habits.
09.01.2022 Alysha and Jas were focused on reducing debt on their own home, but then had a 'lightbulb moment' that sparked a rethink in direction: owning their own home would not create any passive income for the future! So Alysha and Jas switched tack, a move that changed their life; they now have a fantastic investment portfolio that, over time, will provide them with the passive income they seek. PORTFOLIO SNAPSHOT:... * Purchased 5 properties in 3 years * Current value - $2.95m * Equity Growth - $415k Want to build a high-performing property portfolio for your future? Be like Alysha and Jas. Find out how by booking in today for your FREE strategy session with one of our experienced investment consultants https://www.opencorp.com.au/strategy-session-2020/ *** Disclaimer - Like all investments, acquiring residential property exposes the investor to risk. Investors seeking to invest in residential property should make themselves aware of the risks associated with acquiring, financing and holding any individual property. For more information, please click here https://www.opencorp.com.au/opencorp-disclaimer/
09.01.2022 It's on this Thursday (Sept 24) - FREE WEBINAR - 'Investment Strategy Knockout' (two sessions - 12:30pm & 7:00pm). REGISTER HERE https://bit.ly/3iwK19z What's the best investment strategy for you, and why?... - Positive Cashflow? - Capital growth? - Shares? - Apartments? - Commercial? Are they the only options to consider? Find out more in this webinar, in which we will compare the different investment strategies as well as their pros and cons, so you can decide for yourself which one is right for you. Heres some of what will be covered: *** Shares or property? Both are proven strategies. Whats the one distinct difference? *** Invest for cash-flow or for growth where to get both and whats right for you? *** Buy and hold property or renovate for profit which option will give you the returns you want, and how to avoid costly mistakes? *** How to easily review the smaller markets within our city markets. *** Commercial vs residential property? *** Apartments vs single family homes? Free information-packed webinar, this Thursday (two sessions - 12:30pm & 7:00pm). REGISTER HERE https://bit.ly/3iwK19z
09.01.2022 Not to be missed FREE LIVE WEBINAR! Thursday, October 29 - two sessions, 12:30pm and 7:00pm Here's the link to register https://bit.ly/2Hez8Mh We're proud to bring you Matthew Gross, from The National Property Research Co, who will clearly explain how to use data insights to identify strong growth property hotspots. Here’s what will be covered:... * Slash research time by discarding mountains of information that have no relevance to the decision being made. * We show you what data to pay attention to when selecting an investment property. * Understand the real indicators of property markets. This gives serious investors an unfair advantage over hopeful amateurs. * A deep dive analysis of every capital city market in Australia. * Why a big four bank is now forecasting growth of 20% in one capital city in the next 2-3 years. * What role affordability has on market cycles and why you should carefully consider this before making an investment * Cut out the white noise. Why investing based on what the media tells you will likely end in a costly mistake. * What areas to stay away from. The migration debateareas impacted by the sudden drop in migration and how it impacts your choice. * Where to consider buying before Christmasfind out and give the portfolio a kickstart into 2021 and more! Let’s face it. 2020 has introduced a level of uncertainty unlike anything we’ve experienced before. It’s had many ordinary investors confused and worried. Experienced investors are different. We see huge opportunities. To succeed, it’s vital to invest for the long term, based on an understanding of economic, demographic and social trends. It’s how steady gains can be achieved while minimising risk to an investment portfolio. In this webinar, you will understand the process and learn to invest safely, with confidence. If you’re looking to get in the know about the latest property hot-spots so you can buy your first or next investment property before Xmas, this event is not to be missed. Here's the link to register https://bit.ly/2Hez8Mh #propertyinvestor #propertyinvestment #propertyinvesting
09.01.2022 Of around 25 million Australians, 2.2 million own one investment property; 460,000 own two, and around 19,000 own more than six. From this, OpenCorp's Cam McLellan figures that the top 19,000 investors own many more than six properties each. So, what are these people doing that all the others arent?... Cam says every successful investor he has met follows a system that lets them reduce risk and control each part of the investment process i.e. finance structure, investment selection, portfolio management and duplication. Investment selection and duplication come down to control. Control stems from knowledge of (a) finance structure and, (b) the valuation process. According to Cam, once you grasp these two critical elements, you can duplicate much faster, with little braking in between buying your second, third and fourth properties. "While we cant control how banks value properties, we can make sure we stay fully informed," says Cam. Thus, we gain control by ensuring we get full disclosure of the process. "We can dig deep to understand the best combination of lender and valuer in each market and location based on valuer expertise. This is detailed, but necessary to build your portfolio". Cam goes into greater detail in this article, fresh on the OpenCorp blog. READ THE ARTICLE -
08.01.2022 There's no shortage of talk at the moment around COVID-19 and the effect it's having on the Australian economy and, along with it, the housing market. At OpenCorp, we try to look beyond the media headlines to make sense of economic situations as they pertain to our investment strategies and those of our clients. In the case of Coronavirus, there's no disputing it's having a major impact, but let's make sure we zoom out when we look at the Australian housing market. The market has proven pretty resilient over the years when faced with health crises and other 'black swan' events, as shown in this video, produced by the OpenCorp team along with our Director of Investment Services, Michael Beresford.
08.01.2022 Flicking through our 'Ultimate Guide to Property Investing 2020' - this diagram represents what we call our MAP process. It pretty much guides everything we do here at OpenCorp, both as property investors and advisors. It's a concept that many clients resonate with as it simplifies the often complex process of property investing. In short, MAP stands for Market-Area-Property. The first step is to choose a city (market) with the best potential for growth. Secondly, find an ar...ea of that market that has a balance of yield and growth, along with good infrastructure. And finally, select the optimum size and quality property for the area. Remember: Tackle the process in this order only - Market-Area-Property. Make it your mantra! Download your copy of The Ultimate Mini Guide to Property Investing 2020 (available in text and audio formats) - https://bit.ly/3gvr1qw See more
08.01.2022 It was really important to Sally and Rowan to be able to live in their dream home. Partnering with OpenCorp enabled this young couple to map out a plan where they could use the compound growth to enable their dream home to become a reality. PORTFOLIO SNAPSHOT:... * 2 properties in 2 years. * Portfolio valued at $1.3m * Portfolio holding cost $16 p.w. * Equity growth $345,000 Do you want to build a high-performing property portfolio that will help you achieve your financial goals? Be like Sally and Rowan! Find out how by booking in today for your FREE strategy session with one of our experienced investment consultants - https://www.opencorp.com.au/strategy-session-2020/ *** Disclaimer - Like all investments, acquiring residential property exposes the investor to risk. Investors seeking to invest in residential property should make themselves aware of the risks associated with acquiring, financing and holding any individual property. For more information https://www.opencorp.com.au/opencorp-disclaimer/
08.01.2022 The Straight Line to Wealth. This is the process OpenCorp co-founder, Cam McLellan, developed years ago and that we still use today to guide our own, and our clients, investment decisions. There are nine parts to The Straight Line to Wealth. Check out the video to understand how the process works. If you'd like to find out how 'The Straight Line to Wealth' process can work for you, book in today for your FREE strategy session with one of our experienced investment consultants - click here https://www.opencorp.com.au/strategy-session-2020/
07.01.2022 It's on again folks! This coming Thursday, September 10 kicking off at 7:30 pm - the OpenCorp Live Q&A Show, streamed via this Facebook Page. Got a burning question about property investing you want answered? This is your chance. Chat with our panel of resident experts in real-time via the live stream chat bar. See you then!
06.01.2022 TRUST. It's the social currency of today's hyper-connected world. It fuels business and relationships and everything in between. Importantly, trust can't merely be bought: it needs to be earned, over time. Trust drives what we do here at OpenCorp. Every day we know only too well we need to earn the trust of our people - our staff, our partners and associates ... and of course, our existing and prospective clients. The worst thing we can do is rest on our laurels. When you joi...n us here at OpenCorp, you're not exactly spending 'pin money', and we totally respect that. Make us earn your trust! Check us out from every angle. Look at our videos. Read our articles. Talk to our people. Chat with our clients. Put us under the microscope! We are absolutely fine with that. Because, we understand that until you're entirely comfortable with who we are, what we do and, importantly, why we do it, then you're not going to be relaxed with the decisions you're going to have to make about your future. See more
06.01.2022 This week is National Stroke Week. This is a cause close to our hearts here at OpenCorp, with two team members having been affected by stroke in recent years. Weve just set up a Fundraise 4 Stroke page to help the Stroke Foundation continue its good work in educating the public about stroke and providing resources for those affected - heres our page if you want to get involved https://www.fundraise4stroke.org.au/fundraise//stroke-week This year for National Stroke Week... the foundation is celebrating everyday Australians who know and can recognise the signs of stroke. They are F.A.S.T. Heroes! Across Australia, F.A.S.T. Heroes can save lives, simply by knowing and recognising the F.A.S.T. (Face, Arms, Speech, Time) signs of stroke and calling an ambulance immediately. They know that stroke is always a medical emergency and time is critical. See more
06.01.2022 We're pleased to announce the official release of Cam McLellan's new book - 'Investing in the New Normal'. (LINK TO DETAILS ON HOW YOU CAN GET YOUR FREE COPY IS BELOW) For this new book, Cam - who also penned the 'My Four-Year-Old the Property Investor' best-seller - has joined forces with his co-directors here at OpenCorp, Matthew Lewison and Michael Beresford.... Key theme of the book is how to deal with uncertainty when it comes to investing. As investors, we need to reduce risk by understanding what causes crises and how our markets respond to uncertainty. Thriving in uncertain times takes a grasp of the forces at work: the psychology of buyers, sellers, government, central banks, and our banking system. 'Investing in the New Normal' draws on 50 years of Australian property investment experience plus thousands of hours’ research into local and global residential property trends. Importantly, it provides you with the tools to master the ‘new normal' and make informed decisions to grow your wealth. The ‘new normal’ is the expectation of more shocks in our lives. Every few years, a new economic challenge upends the landscape. But also creates opportunity for those who can adapt. This book helps you read the facts, understand what’s occurring, and sets you up to benefit financially. Investing carries risk. Once you know what causes a crisis, and review property market drivers, you can assess risk and base investment decisions on fact, not uncertainty. GET YOUR FREE COPY OF CAM'S BOOK HERE - https://www.opencorp.com.au/investing-in-the-new-normal/
06.01.2022 The Commonwealth Bank has revised its national property price forecast upwards in a show of confidence for Australias property market, Domain reports. CommBank now expects smaller price falls, updating its national dwelling price to drop 6 per cent from the April peak to a predicted trough in the first quarter of 2021. READ MORE - https://www.domain.com.au//cba-expects-smaller-property-p/
05.01.2022 OpenCorp's popular Live Q&A Show, featuring our panel of experts answering viewers' questions around all things investing in property, is on TOMORROW NIGHT. Plus, we have a special guest, our client Talar Wadeson! Tune in here on this Facebook Page. https://bit.ly/3iB2kdI
05.01.2022 The Great Land Rush -- Our good friend, Tim Lawless from CoreLogic, talks about the continued resilience of the Australian property market: There is no evidence that distressed properties are coming on the market. The Federal Budget in October should help stimulate housing activity and help to support Australias economic recovery.... Research from realestate.com.au is telling us that property searches are UP 30.5% compared to this time 12 months ago, indicating that people still have an appetite for quality property. We have only seen a 4% reduction from the market peak with the apartment market and the more affluent blue chip suburbs taking the brunt of the fall, property values are still up 6-10% in Sydney and Melbourne over the last 12 months. Its important to remember how the market quickly rebounds (as we saw in Sydney and Melbourne once the lending regulations were removed last year). Currently there is good opportunity for buyers to capitalise on cheaper prices before they take off. Trying to time the exact bottom of the market is difficult, and evidence from Perth and Brisbane shows that the market can turn around very quickly once social distancing constraints are removed. Some areas of Brisbane and Perth have seen a 400% increase in land sales over the past few months. The agents are calling it The Great Land Rush The 'doomsday experts' may be waiting a very long time for the 20-40% drop in property prices theyve been predicting since March. Mortgagors who deferred interest payments have already started switching back to paying interest, and economic conditions in COVID-safe states are better than expected. Additionally, vacancy rates across capital cities are not blowing out (in fact many cities are seeing shrinking supply of rentals) suggesting that the oversupply of houses that the doomsday experts have been predicting is not the foregone conclusion that the perennial property haters would like us all to believe. Sorry guys... There are fantastic opportunities everywhere right now, even in the middle of a health and economic crisis. Want to know more? Please message us here on Facebook to discuss how we are continuing to help our clients create wealth.
05.01.2022 This month's Facebook Live Q&A Show is a real bumper edition, with our resident panel of experts - Al Lewison, Matt Lewison & Cam McLellan - on the virtual airwaves for 90 minutes answering viewers' questions about all things property investing. We had some rippers too, with lots of topics explored! The OpenCorp Facebook Q&A Show streams live from 7:30 pm on the second Thursday of each month. See you then!
04.01.2022 In this episode of the BRICK TO THE FUTURE podcast, hosts Cam McLellan and Michael Beresford chat with Amanda Gleig, a senior broker with OpenFinance, the mortgage broking arm of OpenCorp. Amanda, Cam and Michael take a no-nonsense deep-dive into the lending landscape in Australia and how that affects property markets, including: lending regulations, government initiatives and how the advent of COVID-19 has changed things up... interest rates, refinancing and why it's important to review your borrowings the importance of not using the one lender for your home and investment properties Plus Amanda explains borrowing capacity, and how personal debt can affect your ability to borrow. If you're thinking about investing in property in the near future, this timely podcast episode will be of interest! Listen here - https://opencorp.buzzsprout.com//6243427-s1-e8-finance-spe OR subscribe on Apple Podcasts, Spotify or Google Podcasts (or your podcast app of choice) and never miss an episode!
03.01.2022 What a year! Full of challenges and opportunities! We'd like to wish you and your loved ones all the best for this holiday season. Stay safe, and we look forward to working with you in 2022!
02.01.2022 Great news, an extension to home start requirements from the Commissioner of State Revenue means applicants now have 6 months to start construction. This is another win for the property market. Read more from the State Revenue Office: https://www.sro.vic.gov.au/homebuilder-grant-guidelines... "Three month extension for construction commencement in Victoria. In light of the introduction of Stage 4 restrictions in metropolitan Melbourne (effective from 2 August 2020) and Stage 3 restrictions in regional Victoria (effective from 5 August 2020), the Commissioner of State Revenue will exercise his discretion under the National Partnership Agreement to provide a blanket extension of 3 months to the construction commencement requirement for the HomeBuilder Grant. This means that all applicants for the HomeBuilder Grant in Victoria have 6 months from the signing of the eligible HomeBuilder contract, to commence construction. The Commissioner does not have discretion to grant any extensions beyond this additional 3 month extension."
02.01.2022 House prices are set to bottom out by June after a 2.3 per cent fall before bouncing 15 per cent, according to Westpacs economics team, who believe low mortgage rates and a less severe recession than feared will stabilise the market before a solid recovery. * READ MORE ON 'WESTPAC WIRE' - https://bit.ly/3kl9yDo * READ MORE ON 'THE URBAN DEVELOPER' - https://bit.ly/3mzYYdt
01.01.2022 There are plenty of headlines currently about trouble brewing with the Australian economy and of course, the housing market is a key player here. As many of you will know, here at OpenCorp we try to look beyond the media headlines so we keep our eye fixed firmly on the big picture. This video, produced by the OpenCorp team along with our Director of Investment Services, Michael Beresford, demonstrates how resilient Australia's property market has been over the journey, despite the odd 'economic speed-hump', various 'black swan' events and associated media headlines.
01.01.2022 Do you still have heaps of questions about property investment? Even the basics, like: "Is investing in property right for me?" or "Will it help me achieve my goals?" Its good to ask (and answer) the why property question, so that you can be crystal clear in your own mind that youre heading down a path thats right for you and your family. ... Even though we've pushed pause on our events, now is the perfect time to read our latest article in YOUR INVESTMENT PROPERTY magazine, OpenCorp's Cam McLellan puts forth a case for investing in property, and why he thinks it should form the foundation of your plan for financial independence. Read more - https://bit.ly/2ER8cAH
28.12.2021 Did you see the McLellan kids (and Cam!) on Channel 7? Check out the clip here: https://bit.ly/3eia6sH If you want a FREE copy of Cam's latest book, visit this link! https://bit.ly/3Fz4Z36
