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In this episode of Brick to the Future, we sit down with Tanya—a single mum, corporate high-performer, and now, a confident property investor. After facing the financial reset of divorce, Tanya knew she couldn’t afford to wait for the “perfect time” to start building wealth. With determination and the right support from the team at OpenCorp, she took action—and hasn’t looked back.
Tanya shares how she overcame fear, self-doubt, and market uncertainty to purchase her first investment property in Perth, later expanding her portfolio through a self-managed super fund.
She opens up about the emotional journey behind the numbers, from questioning whether she could invest solo, to the moment she received her first rental payment—a powerful milestone in her path to financial independence.
Whether you're new to investing, navigating life changes, or looking to take control of your financial future, Tanya’s story is packed with inspiration, strategy, and proof that it’s never too late to start. Tune in to hear how she’s building real wealth—not hype—and setting a powerful example for the next generation.
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Twitter: @OpenCorp_au
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In this episode, Cam McLellan joins Canna and Michael on the "How Do They Afford That?" Podcast.
The discussion delves into one of Australia's top 10 lenders, Bank of Mum and Dad, exploring the strategies and stigma. With property prices soaring, the amount needed for a deposit has climbed too. And that's left many people with no option but to turn to the Bank of Mum & Dad. Parental assistance to get into the property market has grown, and yet there's a stigma around it - a stigma that doesn't exist for inheritances.
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Twitter: @OpenCorp_au
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Cam McLellan & Allister Lewison discuss the pros and cons of buying new versus established properties for investment purposes. The key takeaways include:
Why People Prefer Established Properties
Visual Appeal – Buyers are drawn to what they can see, such as a well-maintained house with a nice garden.Emotional Connection – Buyers feel comfortable with the ability to physically inspect and envision themselves in the home.Fear of Construction Issues – Concerns about builder reliability, project delays, and unexpected costs deter some buyers from choosing new builds.Why New Builds Are a Better Investment
Lower Maintenance Costs – New homes require fewer repairs, whereas older homes often have unexpected expenses within months of purchase.Higher Rental Yield – New properties tend to attract tenants faster and command higher rental income.Stamp Duty Savings – Buyers only pay stamp duty on the land value, making upfront costs lower.Depreciation Benefits – Tax advantages from depreciating fixtures and fittings help investors reduce taxable income and offset holding costs.Cash Flow Control – With new builds, costs are more predictable, reducing financial strain on investors.Avoiding Overcapitalisation
Investors should avoid building excessively large homes that won’t yield proportional increases in rent or resale value.The optimal property size and design for a given area is crucial for maximising returns.OpenCorp applies data-driven methods to ensure clients don’t overspend on unnecessary features.Lessons from Experience
Cam shares a personal anecdote about a past investment mistake involving a poorly planned development that led to unnecessary expenses.Learning from such experiences has allowed OpenCorp to refine their investment strategies, ensuring clients make smarter financial decisions.Facebook: http://www.facebook.com/opencorp
Twitter: @OpenCorp_au
LinkedIn: https://www.linkedin.com/company/opencorp-au
Instagram: @OpenCorp -
Unlocking Property Investment Secrets: Your Audio Book!
Discover the keys to Australian property investment success in bestseller, My Four-Year-Old, the Property Investor.
With over 120,000 copies sold, this audiobook offers:
Clear understanding of Aussie property investment3 easy steps to find top-notch investmentsTools & checklists to reduce risk & boost returns
OpenCorp's Author Cam McLellan, a successful property investor, businessman and father, shares his knowledge that has allowed him the option to retire in his 30s, build a substantial property portfolio and found a number of companies that feature in five BRW fast growth lists.Facebook: http://www.facebook.com/opencorp
Twitter: @OpenCorp_au
LinkedIn: https://www.linkedin.com/company/opencorp-au
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OpenCorp Founders, Matt Lewison, Cam McLellan and Allister Lewison unpack the recent rate changes and the impact this will have on the Australian Property Market.
Interest Rate Cuts and Their Impact: A reduction in interest rates will increase borrowing power, making it easier for individuals to borrow more money. This will lead to increased competition among buyers, especially in the lower end of the property market.
Inflation and Sentiment: Inflation measures the increase in the cost of goods, and the Reserve Bank targets inflation at 2-3%. As inflation comes under control, the likelihood of interest rate cuts increases, boosting market sentiment and consumer confidence.
Property Market Dynamics: The property market is driven by supply and demand, with a long-term undersupply of affordable housing in Australia. As borrowing capacity improves, buyers can afford to pay more, potentially driving prices up.
Borrowing Capacity and Housing Affordability: A 0.25% rate cut could allow someone borrowing $600,000 to save $1,500 annually, or borrow up to $30,000 more. This could make it easier for first-time buyers to enter the market.
Competition and Price Growth: With more people able to afford homes, competition at the entry level of the market will increase, driving up prices. As the auction clearance rate rises, enthusiasm will build, leading to broader price growth.
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Al and Cam unpack the challenges and strategies for couples investing in property together. Key points include:
Both partners must participate in property investment discussions to align on goals and overcome doubts.OpenCorp has a strict policy of not engaging with individuals whose partners are not involved in the process.
Unified Approach in Decision-Making:Driver vs. Passenger Dynamic:
In most relationships, one partner drives the decision-making, while the other may be hesitant or skeptical.Skepticism arises from internal fears (e.g., perceived risk, affordability) and external challenges (e.g., obtaining finance).Overcoming Objections:
Common objections include fear of debt, lack of time, skepticism about property markets, and misconceptions that investing is only for wealthy individuals.Education and understanding the process are crucial to dispel fears and build confidence.Shift in Roles Over Time:
Initially hesitant partners often become active participants after seeing positive results, even taking the lead on subsequent investments.Affordability and Accessibility:
The podcast emphasizes that property investment is accessible to everyday Australians and doesn’t need to significantly impact lifestyle if done strategically.Call to Action:
Couples are encouraged to learn, align, and work together to achieve financial goals, with the suggestion to listen to resources like the podcast for motivation and clarity.Facebook: http://www.facebook.com/opencorp
Twitter: @OpenCorp_au
LinkedIn: https://www.linkedin.com/company/opencorp-au
Instagram: @OpenCorp -
Last year Cam & Al sat down with Danny Kennedy on The Fitness & Lifestyle Podcast. Just like a personal trainer helps you achieve your health goals with a tailored plan, OpenCorp guides clients through their financial fitness journey.
Whether you're a first-time investor or a seasoned pro, this episode delivers actionable insights to help you take the next step in building wealth:
When’s the Best Time to Get in the Market?
This discussion sheds light on why waiting for the "perfect moment" may actually cost you. Cam and Al share their thoughts on market cycles, economic conditions, and the power of taking action now to leverage long-term growth.How to Identify a GREAT Property Investment
Finding the right property is more than just choosing a good location.
Breaking down the key characteristics of high-performing investment properties, including cash flow, growth potential, and market demand. They also discuss avoiding common pitfalls and costly mistakes when selecting an investment.Why You SHOULD Be Investing in Property
From building generational wealth to gaining control of your financial future. Cam and Al tackle common hesitations, explain why property remains one of the safest and most lucrative investment strategies, and share examples of how others have transformed their lives through it.Should You Rent Where You Live?
The idea of "rentvesting" is explored as a strategic option for those wanting to live in high-cost areas while investing in more affordable, high-growth markets. Cam and Al explain how this approach allows flexibility while still building wealth through property ownership.How Cam and Al Have Managed to Innovate in Nearly 20 Years of Business
Reflecting on OpenCorp's two decades of success, Cam and Al share how they've adapted to market changes, embraced innovation, and stayed ahead of the curve to continually deliver value to their clients. Their journey is filled with lessons on resilience, vision, and staying true to their mission.How Duplicating Your Investment Can Change Your Life
OpenCorp's strategy emphasises scalability. They discuss how starting with one property and systematically reinvesting equity can snowball into a portfolio that provides financial security and freedom, offering actionable steps for building a scalable investment strategy.The Importance of Identifying Limiting Beliefs Around Money and Property
Fear and self-doubt often hold people back from pursuing their financial goals. Cam and Al unpack common limiting beliefs about money, debt, and property investment, offering advice on overcoming these mental blocks and adopting a growth mindset.Putting a Spotlight on the Alternative to Property Investment (Can You Afford Not To?)
The cost of doing nothing is rarely discussed but can have a lasting impact. Cam and Al explore the consequences of inaction, including missed opportunities, rising property prices, and long-term financial insecurity. They make a compelling case for why choosing not to invest may not be an option for those seeking financial freedom.What Does OpenCorp Do for Their Clients?
OpenCorp's client-focused approach. From strategic advice and property selection to portfolio management and financial coaching, Cam and Al explain how their services are designed to simplify property investment and set clients up for long-term success.Facebook: http://www.facebook.com/opencorp
Twitter: @OpenCorp_au
LinkedIn: https://www.linkedin.com/company/opencorp-au
Instagram: @OpenCorp -
Most New Year resolutions fail because they lack actionable steps. Goal setting, coupled with planning, is a more effective approach.
With a focus on property investing. Key points include:
Lifestyle: Desired vacations and leisure time.Relationships: Quality time with loved ones.Health: Dedicated time for fitness and well-being.These goals are quantified into a required annual passive income, which guides investment strategies.
The Life Quadrants Method:
Cam explains his framework for goal setting:Personal Experiences with Goal Setting
Cam started with a goal of $200,000 in passive income at 19, using property investing as a tool to achieve it.Al used visualisation techniques, like placing reminders around the house, to stay focused.Encouragement for Setting Financial Goals:
Clients are encouraged to work backwards from their desired passive income to set a clear investment roadmap.Achieving financial independence requires a combination of a vision, action plan, and commitment to the process.Inspiration Through Hard Work:
Cam shares his journey of working multiple jobs to save his first deposit, emphasising that determination and strategic planning make property investment accessible.Listeners are encouraged to set clear goals and take action for financial freedom.Facebook: http://www.facebook.com/opencorp
Twitter: @OpenCorp_au
LinkedIn: https://www.linkedin.com/company/opencorp-au
Instagram: @OpenCorp -
Sharon's property investment journey with OpenCorp began when a friend shared the book My Four-Year-Old the Property Investor. Inspired by its simple, actionable insights, she reached out to OpenCorp to explore property investing. Since then, Sharon has built a portfolio of three properties through OpenCorp, achieving $448,000 in capital growth since 2018.
Key milestones include leveraging equity instead of savings, overcoming the challenge of investing in properties sight unseen, and setting up a self-managed super fund to maximise her returns. She highlights the importance of trusting the process, staying engaged through regular six-monthly reviews, and following OpenCorp’s proven strategies.
For Sharon, the ultimate goal is financial independence—living the lifestyle she desires, retiring on her terms, and creating wealth to support her children. Her success has even inspired friends and family to begin their own property journeys.
This story is a testament to taking action, trusting expert advice, and staying committed to long-term goals.
Facebook: http://www.facebook.com/opencorp
Twitter: @OpenCorp_au
LinkedIn: https://www.linkedin.com/company/opencorp-au
Instagram: @OpenCorp -
Cam McLellan and Allister Lewison share their insights and predictions for the Australian property market in 2025, highlighting key drivers, emerging trends, and practical advice to help property investors kickstart the New Year with confidence.
Market Trends:
Supply and Demand: A housing shortage and rising immigration are driving prices upward.Interest Rates: Predictions suggest a potential decline in interest rates, which could lead to significant property price growth (1% rate drop = 10% price increase).Affordability Challenges: While inflation eases, high interest rates still limit borrowing capacity. However, property prices continue to rise, even under these constraints.Capital City Analysis:
Melbourne: Despite being undervalued compared to Sydney, Melbourne's market is poised for a rebound as investor equity from other cities flows in. Land tax concerns are viewed as minor compared to potential capital gains. Sydney: Serves as a lead indicator for market trends, with strong business-driven growth. Brisbane: Experiencing record buyer activity, indicating a hot market. Perth: Previously avoided by investors but now showing high growth potential due to rental increases and undersupply in specific pockets.Buyer Sentiment:Confidence in property as a long-term investment is rising, driven by positive media narratives and shifting perceptions.Consumer sentiment is at its highest in three years, indicating growing optimism.Predictions for 2025:
Strong price growth across all major markets, particularly in Melbourne, Brisbane, and Perth.Investors who act now are likely to benefit significantly, avoiding the regret of missing opportunities.Actionable Advice:
The year-end holiday period is an ideal time to plan and prepare for investments.Understand the tangible benefits of property gains (e.g., leveraging equity for further investments or life goals).Facebook: http://www.facebook.com/opencorp
Twitter: @OpenCorp_au
LinkedIn: https://www.linkedin.com/company/opencorp-au
Instagram: @OpenCorp -
Ross and his family, including his wife Jen and their three children, recently transitioned from their old home to a new upgraded property while also investing in a Brisbane property. This discussion explores their journey, motivations, and experiences with property investment.
Ross and Jen decided to upgrade their family home for a better lifestyle while investing in Brisbane.
Transition to a New Home and Investment Property:
Their investment property, valued in the mid-to-high $500,000s, has appreciated significantly due to strategic location choices and developing infrastructure.Remote Property Purchase Process:
The couple purchased their investment property sight unseen, a growing trend (93% of clients) facilitated by OpenCorp’s remote services during COVID-19.They trusted OpenCorp’s team despite not meeting face-to-face, citing smooth communication and a strong reputation as key factors.Motivations for Investing:
Their goals included securing financial stability for their family and leveraging property as a long-term investment strategy.Ross highlighted the importance of unemotional decision-making, focusing on market growth potential rather than personal attachment to the property.Challenges and Process Management:
Initial challenges included navigating the volume of paperwork, contracts, and communication during the build process.OpenCorp’s team, including finance brokers, property strategists, and portfolio managers, provided comprehensive support, simplifying the process and ensuring confidence in decision-making.Positive Investment Outcomes:
Strategic location choices in Brisbane, near infrastructure development, led to significant property value growth shortly after completion.Ross appreciated OpenCorp’s guidance in identifying areas with high growth potential before infrastructure was fully established.Future Goals:
Ross and Jen are focused on balancing debt repayment for their home and expanding their investment portfolio.They feel more confident about their financial future thanks to their investment strategy.Facebook: http://www.facebook.com/opencorp
Twitter: @OpenCorp_au
LinkedIn: https://www.linkedin.com/company/opencorp-au
Instagram: @OpenCorp -
OpenCorp client Matt details his journey from running a business to building a diverse property portfolio, emphasising long-term planning and overcoming scepticism. Matt shares his "light bulb moment," when his property portfolio outpaced his clinic's income.
Matt transitioned from podiatry to property investment after realising his property portfolio was outperforming his earned income.He highlights his experience managing three podiatry clinics before entering property investment full-time.
Introduction:Light Bulb Moments:
Matt's "aha moment" was seeing his property portfolio’s growth surpass his business income.He addresses misconceptions about property investing, such as it being only for the wealthy, emphasising affordability and strategic planning.Personal Journey:
He and his wife Kristy began as "rentvestors," renting in Melbourne’s affluent Bayside area while investing in properties elsewhere.They overcame common concerns like holding costs and tenant issues by working with OpenCorp.Property Portfolio Development:
Matt started investing in 2020 with properties in Brisbane, achieving significant growth.He expanded his portfolio with properties in Perth despite challenges like construction delays, later benefiting from substantial rental yields and price appreciation.Family and Mindset:
Matt didn’t inherit investment knowledge but cultivated an abundance mindset through business coaching and learning.He advocates for setting clear goals and timelines, such as building a portfolio to generate passive income and eventually fund a dream home.Transition to OpenCorp:
As a property strategist, Matt applies his background in problem-solving to help clients achieve financial freedom.He emphasises the value of expert guidance, comparing OpenCorp’s role to that of a coach or personal trainer for property investment.Advice to New Investors:
Matt encourages starting as soon as possible, addressing fears by seeking expert advice.He underscores the importance of leveraging data-driven strategies rather than relying on anecdotal research or hesitation.Facebook: http://www.facebook.com/opencorp
Twitter: @OpenCorp_au
LinkedIn: https://www.linkedin.com/company/opencorp-au
Instagram: @OpenCorp -
In this episode of Brick to the Future, hosts Cam McLellan & Allison Lewison interview Pascal Butler about his unique journey into property investing. Pascal, from Melbourne's Box Hill, shares insights into his background and decision to pursue investment properties rather than purchasing a personal residence.
Journey to Property Investment:
Pascal and Georgia preferred living in Box Hill but found purchasing a home there unattainable due to high costs.They decided to invest in property rather than buying a personal residence, also known as "rentvesting".Motivation and Influences:
Inspiration came after reading a property investment book by Cam McLellan. "My Four Year Old the Property Investor"Pascal’s father, after reading the same book, offered to use equity from his home to help fund Pascal's entry into property investing.Myths and Misconceptions:
Pascal challenges the idea that “rent money is dead money,” explaining that renting can be viable if you’re investing wisely.Discusses how outdated ideas like these often stem from industry marketing tactics.Financial Support and Strategy:
With OpenCorp’s assistance, Pascal’s father released $100,000 equity to fund Pascal’s first investment.OpenCorp provided a comprehensive plan, or “roadmap,” to help him grow his portfolio over time.Challenges and Sacrifices:
To prove his financial commitment, Pascal sold his car and adhered to a strict savings plan.Overcame initial fears about debt with guidance on the structure and financial viability of the investment.Investment Progress:
After purchasing his first property with OpenCorp, Pascal is on track for a second.His portfolio has already grown significantly, with $200,000 gained in equity within 18 months.Advice and Takeaways:
Pascal emphasises the importance of planning, education, and taking action rather than relying on outdated financial beliefs.Encourages parents to consider helping their children with equity to assist with getting into the market.Pascal’s experience showcases how family support, a clear investment strategy, and expert guidance can make property investment accessible and rewarding.
Facebook: http://www.facebook.com/opencorp
Twitter: @OpenCorp_au
LinkedIn: https://www.linkedin.com/company/opencorp-au
Instagram: @OpenCorp -
In today's episode Cam & Al cover an in-depth discussion on negative gearing in Australia, focusing on its impact on property investors and the housing market.
Definition and Basic Concept: Negative gearing is a tax offset where investors deduct property losses from their taxable income, reducing tax liability. It’s commonly used by average Australians earning around $87,000.
Rationale for Negative Gearing: Negative gearing helps investors by having tenants, the government (via tax breaks), and the investor collectively cover the costs, making property investment more accessible, especially for first-time investors.
Historical Context and Political Debates: Previous attempts to remove negative gearing (e.g., 1987) led to rent hikes and investor sell-offs. The policy was reinstated due to the adverse impact on renters and the housing market. Politicians often debate negative gearing near elections, with concerns over housing affordability versus investor benefits.
Housing Supply Crisis: Australia faces a housing supply shortfall, worsened by high immigration and insufficient new housing construction (27% below the 10-year average). Negative gearing is seen as supporting housing availability by incentivizing investments in rental properties.
Proposed Policy Adjustments: One proposed change is to allow negative gearing only for new builds, thereby increasing housing supply. This could balance the need for affordable housing with economic growth while avoiding the creation of ghettos or segregated low-income areas, as seen in the U.S.
Economic Implications: Immigration is crucial for economic growth, but it raises housing demand. Increasing construction could offset this demand, but high property taxes (up to 43% on home costs) hinder affordability. Reducing taxes could make housing more affordable without eliminating negative gearing.Future Policy Speculation: The likelihood of abolishing negative gearing is low due to past political backlash. The discussion speculates on the government’s strategic use of this topic to gain votes, despite a low probability of actual reform.
Negative gearing as an essential tool for maintaining a balanced housing market, where its modification, rather than elimination, could address both investor and social needs.
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Twitter: @OpenCorp_au
LinkedIn: https://www.linkedin.com/company/opencorp-au
Instagram: @OpenCorp -
Listen Now for a breakdown on leveraging lenders Mortgage Insurance (LMI) to overcome barriers and secure your spot in the property market!
In this episode, we dive into the challenges young Australians face in today’s property market. With median house prices across capital cities now reaching $855,877 (up from $596,018 in 2019), saving a 20% deposit has become a daunting task. Rising living costs, inflation, and low household savings make it harder than ever to achieve homeownership.Key Topics Covered:
Challenges of Saving for a 20% DepositThe average deposit needed is now $159,000—a 50% increase since 2020, meaning it can take up to 10 years to save the full amount in today’s market.Median property prices jumped 7% from 2023 to 2024, highlighting the financial cost of waiting.Why Paying LMI is a Strategic ChoiceLenders Mortgage Insurance (LMI) allows buyers to enter the market sooner with a 5-10% deposit.Although LMI is an additional cost (typically 1-2% of the loan), it enables buyers to capture property appreciation immediately.Outpacing Rising Prices and Building WealthBy opting to pay LMI, buyers may achieve faster equity growth than they would by saving for a 20% deposit.For investors, LMI is often tax-deductible, further reducing its impact on overall costs.Takeaway:
For many, paying LMI is a stepping stone to get into the property market today, potentially offering more financial benefits than saving for years. If you're ready to learn how LMI can work for you, tune in to hear why it’s a tool worth considering in your property journey.
Questions?
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"Understanding Your Mortgage" At OpenCorp we focus on strategies to manage mortgages and optimise property investments.
Mortgage Types: Explaining the difference between principal and interest loans and variable loans, emphasizing that investment properties often benefit from variable loans due to flexibility.
Lazy Equity: The term refers to equity in properties that homeowners often overlook. By leveraging this equity, investors can purchase additional properties and accelerate their financial growth.
Investment Strategy: Using "other people’s money" (OPM), like bank loans, to finance property purchases. They stress buying multiple properties to benefit from market appreciation, which can significantly reduce long-term mortgage repayment time.
Cross-Collateralisation: A key caution is given against cross-collateralising properties (linking multiple properties under one loan agreement), as this can risk both the investment property and the owner’s home.
Accumulation and Consolidation Phases: The strategy involves accumulating properties quickly to maximize growth during market cycles, followed by a consolidation phase where investors enjoy passive growth from their portfolio.Be proactive and strategic in using mortgages and equity to build wealth and reduce dependence on long-term repayment schedules.
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Twitter: @OpenCorp_au
LinkedIn: https://www.linkedin.com/company/opencorp-au
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In this weeks episode, Jeremy Bishop - OpenCorp General Manager Property Management and Jess Brandy, Head of Property Management QLD, discuss the importance of insurance for investment properties, focusing on two main types: building insurance and landlord insurance.
Building insurance covers the physical structure, while landlord insurance protects against issues related to tenancy, such as loss of rent or tenant damages.
Jeremy and Jess share their hot tips in what to look for in finding the right insurance for your property assets.Facebook: http://www.facebook.com/opencorp
Twitter: @OpenCorp_au
LinkedIn: https://www.linkedin.com/company/opencorp-au
Instagram: @OpenCorp -
OpenCorp CEOs Cam McLellan and Alister Lewison, discuss the appeal of a diversified investment portfolio. It feels safe. But when you’re serious about building wealth, safety isn’t enough. Control is what you need.
Cam McLellan’s strategy emphasises the importance of control, leverage, and strategic action in property investment. By using equity, leveraging other people’s money, and accumulating assets quickly, you can cut years off your working life and enjoy financial freedom sooner than you ever thought possible.
So, if you’re considering diversifying your investments, think carefully about what that really means. Do you want to spread your wealth across different assets with little to no control? Or do you want to take control of your future by building a property portfolio that works for you?
Facebook: http://www.facebook.com/opencorp
Twitter: @OpenCorp_au
LinkedIn: https://www.linkedin.com/company/opencorp-au
Instagram: @OpenCorp -
Open Corp CEO's Cam McLellan and Al Lewison discuss the financial impact of property investing on lifestyle, with a focus on taxation strategies to mitigate costs. Key points include:
Lifestyle Concerns: Many people avoid investing due to fears that property investment will impact their lifestyle, such as limiting holidays or dining out. However, with proper strategies, investments can be managed without sacrificing lifestyle.
Negative Gearing: Negative gearing allows investors to offset property holding costs (such as interest and repairs) against their taxable income, reducing the amount of tax they pay. This can make holding an investment property more affordable.
Tax Depreciation: Depreciation schedules allow investors to claim deductions on the value of the property’s building and fittings over time, reducing taxable income. New properties have higher depreciation benefits, making them more attractive from a tax perspective.
Tax Withholding Variation: A tax withholding variation form can be used to adjust the amount of tax withheld from an investor’s salary, allowing them to receive the tax benefits throughout the year instead of waiting until their annual tax return.
Finding the Right Accountant: It's essential to work with an accountant who understands property investment. Not all accountants are familiar with the specific tax deductions and strategies related to property investing.
Repairs vs. Upgrades: Investors can claim repairs as tax deductions but should be cautious when making upgrades, as these may not be immediately deductible.The conversation emphasizes using tax benefits to maintain a good quality of life while growing a property investment portfolio. It also encourages consulting knowledgeable accountants and using the right financial tools.
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Twitter: @OpenCorp_au
LinkedIn: https://www.linkedin.com/company/opencorp-au
Instagram: @OpenCorp -
Stay up to date on legislation changes that could affect your investment property and tenancy outcomes! OpenCorp General Manager - Property Management, Jeremy Bishop & Team Leader - QLD, Jess Brady, discuss the recent legislative changes in rental laws for New South Wales and Queensland. Key points include:
Removal of No-Grounds Evictions: Landlords must now provide a valid reason for ending a tenancy, similar to Victorian laws. Reasons may include property sale, moving in, or renovations.Rent Bidding: It is now illegal for landlords or agents to solicit offers above the advertised rent.Minimum Standards for Habitation: These include structural soundness, lighting, ventilation, plumbing, and disclosure of property issues like flooding or significant repairs.Rent Increases: Rent can only be increased once per year.
New South Wales:Queensland:
Rent Bidding Changes: Landlords cannot accept unsolicited higher offers from tenants, emphasizing the need for accurate rental pricing from the start.Rent Increases: Linked to the property, not the tenancy. This affects situations like break leases, where previously rent could be adjusted if tenants left early.Minimum Housing Standards: Effective from 2023 for new tenancies, and soon for all properties, these include standards like mold-free environments and privacy for all bedrooms (e.g., with blinds).CPD (Continuing Professional Development) Points: Upcoming changes will require property managers to complete annual training monitored by the Office of Fair Trading to stay updated on legislation.These changes reflect a growing emphasis on tenant rights, transparency, and professional standards in property management.
Facebook: http://www.facebook.com/opencorp
Twitter: @OpenCorp_au
LinkedIn: https://www.linkedin.com/company/opencorp-au
Instagram: @OpenCorp - Visa fler
