News and Announcements
OpenCorp launches the Australian Residential Property Fund (ResiFund)
- Published August 28, 2019 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Following years of research and refinement, OpenCorp has now formally launched the Australian Residential Property Fund (ResiFund).
“Wholesale Investor” readers will be familiar with OpenCorp, with many investing in their highly successful Greenvale property fund in 2016 and having heard of the imminent launch of the new ResiFund, which is now open for investment.
ResiFund enables wholesale investors the opportunity to invest in small multi-tenancy properties, which are unavailable to most investors. It also provides for much greater diversification, a lower capital investment outlay and no requirement to take on personal debt, relative to them buying property themselves.
The ResiFund has already made acquisitions in Melbourne and Brisbane and those properties are anticipated to provide an approximate 20% initial increase in equity. Once fully leased these properties should provide much higher tax advantaged income returns than are available through traditional residential investment properties. Investors should also benefit from additional capital growth in the future.
Matthew Lewison (Director) said the timing for the launch was excellent. “We are initially buying into the Melbourne and Brisbane residential property markets where there is record population growth, very low vacancies (Melbourne at 1.6%) and rental growth averaging 1.5%. In addition, these markets have less competition with dwellings approvals declining. The combination of which makes it a great time for us to be both buying and leasing the particular types of properties we are securing”.
He said that while the general perception of the residential market had been flat, he indicated “If you are selective and really understand the opportunities which exist, very good returns can and are being secured and our initial investors are already benefitting from that”.
About OpenCorp
Open Corp are arguably Australia’s most qualified and successful residential investment group, having acquired over 1,000 properties in the last 10 years (with an average return of 10.8% p.a- unleveraged), are currently managing over 900 properties and have been the manager for 25 property funds and joint ventures.
Company Updates
Ray Dalio: “Worse Than a Recession” if Global Imbalances Aren’t Addressed
Ray Dalio, the influential founder of the world’s largest hedge fund, Bridgewater Associates, has issued a grave warning about the global economic and geopolitical landscape, cautioning that without decisive action, the world could face a crisis “worse than a normal recession.” Speaking on “Meet the Press” ahead of the June release of his new book, […]
The Detachment Premium vs. The Acqui-hire: Navigating Contradictions for a Higher Exit Value
Planning your business exit? A crucial question emerges: is your business more valuable thriving without you, or is your team’s talent precisely what an acquirer seeks? This article explores the “Detachment Premium” vs. “Acqui-hire” strategies, helping you navigate these contradictions for a higher exit value. Learn which path is right for your industry and how to prepare for your optimal sale.
Jamie Dimon: Navigating a World of Uncertainty – From Recession Risks to Geopolitical Tensions
In a candid interview with Bloomberg, JPMorgan Chase CEO Jamie Dimon offered a nuanced perspective on the current global economic landscape, a panorama he describes as rife with “a lot of uncertainty.” From lingering recession fears in the US to the complex interplay of trade wars and geopolitical tensions, Dimon, ever the realist, painted a […]
Backed By Leading Investment Groups and Family Offices
